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   "value": "<div class=\"ps397 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-6461fb9e ps18\">BACKGROUND</span></div><div class=\"ps12043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:58.86pt\">Iveco Group N.V.</span><span class=\"f charStyle-24b91321 ps16325\" style=\"width:417.19pt\"> (the \u201cCompany\u201d and, together with its subsidiaries, the \u201cIveco Group\u201d or the \u201cGroup\u201d) was incorporated as a public limited<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps12465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:35.21pt\">company (</span><span class=\"f charStyle-50993fa8 ps579\" style=\"width:80.72pt\">naamloze vennootschap</span><span class=\"f charStyle-24b91321 ps580\" style=\"width:349.83pt\">) under the laws of the Netherlands on 16 June 2021. The Company\u2019s corporate seat is in Amsterdam, </span><span class=\"f charStyle-24b91321 ps16326\" style=\"width:10.25pt\">the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16330 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:39.74pt\">Netherlands</span><span class=\"f charStyle-24b91321 ps16327\" style=\"width:158.89pt\">, and its principal office and business address is </span><span class=\"f charStyle-24b91321 ps16328\" style=\"width:90.53pt\">Via Puglia n. 35, Turin, Italy</span><span class=\"f charStyle-24b91321 ps16329\" style=\"width:186.81pt\">. The Company is registered with the trade register of the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.14pt\">Chamber of Commerce of the Netherlands </span><span class=\"f charStyle-50993fa8 ps16331\" style=\"width:79.9pt\">(Kamer van Koophandel<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps584\" style=\"width:253.99pt\">) under number 83102701. The Netherlands is the Company\u2019s home member</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">state for the purposes of the EU Transparency Directive (Directive 2004/109/EC, as amended by Directive 2013/50/EU). Unless otherwise</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16334 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:419.12pt\">indicated or the context otherwise requires, the terms \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d refer to Iveco Group N.V. together with its subsidiaries.</span></div><div class=\"ps16335 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The Company was formed in the context of the separation (\"the Demerger\") of the Commercial and Specialty Vehicles business, the Powertrain</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16336 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">business as well as the related Financial Services business from CNH Industrial N.V. The Demerger became effective on 1 January 2022, and the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16337 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Company ultimately began to act as a holding for the Iveco Group, also providing for central treasury activity in the interest of Group\u2019s</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.96pt\">subsidiaries.<span class=\"f ps13\"> </span></span></div><div class=\"ps15070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">On 3 January 2022, the Company\u2019s Common Shares started trading on Euronext Milan, a regulated market operated by Borsa Italiana S.p.A. in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps15071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:377pt\">Milan, Italy. As a result of the listing, the Company became a Dutch Public Interest Entity (OOB) on 3 January 2022.<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16339\" style=\"width:2.05pt\"> </span></div><div class=\"ps16340 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Iveco Group N.V. is a global automotive leader that, through its various businesses, designs, produces and sells trucks, commercial vehicles,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16341 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">buses and defence vehicles, in addition to a broad portfolio of powertrain applications. In addition, Iveco Group's Financial Services segment</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16342 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">offers a range of financial products and services to dealers and customers. See Note 28 \"Segment reporting\" for additional information on Iveco</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16343 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.66pt\">Group's segments.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-484": {
   "value": "Iveco Group N.V.",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-485": {
   "value": "naamloze vennootschap",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-486": {
   "value": "the Netherlands",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-487": {
   "value": "the Netherlands",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-488": {
   "value": "Via Puglia n. 35, Turin, Italy",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-489": {
   "value": "Via Puglia n. 35, Turin, Italy",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-490": {
   "value": "Iveco Group N.V. is a global automotive leader that, through its various businesses, designs, produces and sells trucks, commercial vehicles, buses and defence vehicles, in addition to a broad portfolio of powertrain applications. In addition, Iveco Group's Financial Services segment offers a range of financial products and services to dealers and customers. See Note 28 \"Segment reporting\" for additional information on Iveco Group's segments.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-491": {
   "value": "<div class=\"ps8179 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-3b2bc29d ps18\">Merger Agreement with Tata Motors</span></div><div class=\"ps7074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:5.74pt\">O</span><span class=\"f charStyle-24b91321 ps601\" style=\"width:470.16pt\">n 30 July 2025, Iveco Group and Tata Motors Limited (\u201cTata Motors\u201d), a global automotive leader, announced that they had reached an</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps8592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">agreement on an envisaged recommended voluntary tender offer (the \"Offer\") to create a commercial vehicles group with the reach, product</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16344 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:420.25pt\">portfolio and industrial capability to be a global champion in this dynamic sector. The completion of the offer is conditional, </span><span class=\"f charStyle-50993fa8 ps604\" style=\"width:30.97pt\">inter alia,</span><span class=\"f charStyle-24b91321 ps605\" style=\"width:24.71pt\"> on the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16345 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">separation of Iveco Group's Defence business and, as such, the public offer is for all issued common shares of Iveco Group after the separation</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps6427 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:120.55pt\">of that business, at a price of \u20ac14.1 (</span><span class=\"f charStyle-50993fa8 ps608\" style=\"width:43.59pt\">cum dividend</span><span class=\"f charStyle-24b91321 ps609\" style=\"width:311.93pt\">, excluding any dividend distributed in relation to the sale of the Defence business) per share in</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16346 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">cash (the \u201cOffer Price\u201d). The Offer represents a total consideration of approximately \u20ac3.8 billion for Iveco Group, excluding Iveco Group's Defence</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps12732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">business and the net proceeds from the Defence business separation. The Iveco Group Board of Directors unanimously and fully supported the</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16347 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Offer and recommended the Offer for acceptance by the shareholders of Iveco Group. Exor N.V., Iveco Group\u2019s largest shareholder, has</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps7328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">irrevocably committed to support the Offer and tender its shareholding representing approximately 27.06% of Iveco Group's common shares and</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16348 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">43.11% of all voting rights. The Offer is subject to obtaining the required merger control, foreign direct investment, EU Foreign Subsidies</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps4411 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:323.72pt\">Regulation and financial regulatory clearances, and is expected to complete in the first half of 2026.</span><span class=\"f charStyle-24b91321 ps616\" style=\"width:2.05pt\"> </span></div><div class=\"ps7331 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\"> </span></div><div class=\"ps16781 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-29a3054c ps18\">BUSINESS COMBINATIONS</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:161.43pt\">No significant business combinations occurred in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16782\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps16783\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps16784\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16785\" style=\"width:2.05pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-492": {
   "value": "<div class=\"ps16361 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-6461fb9e ps18\">BASIS OF PREPARATION</span></div><div class=\"ps16366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:206.74pt\">These consolidated financial statements together with the note</span><span class=\"f charStyle-24b91321 ps16362\" style=\"width:14.7pt\">s of </span><span class=\"f charStyle-24b91321 ps16363\" style=\"width:51.56pt\">Iveco Group at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16364\" style=\"width:63.46pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16365\" style=\"width:139.57pt\"> (the \u201cConsolidated Financial Statements\u201d)</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:264.78pt\">were authorised for issuance by the Board of Directors of Iveco Group N.V. on </span><span class=\"f charStyle-24b91321 ps16367\" style=\"width:48.81pt\"> 4 March 2026</span><span class=\"f charStyle-24b91321 ps16368\" style=\"width:162.27pt\"> and have been prepared in accordance with the</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">International Financial Reporting Standards (IFRS) as adopted by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Code. The designation IFRS also includes International Accounting Standards (IAS), as well as all interpretations of the IFRS Interpretations</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.87pt\">Committee (IFRIC).</span></div><div class=\"ps16373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The financial statements are prepared under the historical cost convention, modified as required for the measurement of certain financial</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">instruments, as well as on a going concern basis. Despite operating in a continuously difficult economic and financial environment negatively</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">impacted by the effects of current macroeconomic and geopolitical issues, energy and material price variability, the Group\u2019s assessment is that no</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">material uncertainties (as defined in paragraph 25 of IAS 1) exist about its ability to continue as a going concern, in view also of the measures</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:473.91pt\">undertaken by the Group to preserve cash and contain costs, and to preserve its industrial and financial flexibility and its strong liquidity position</span><span class=\"f charStyle-24b91321 ps16377\" style=\"width:2.05pt\">.</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:326.59pt\">These Consolidated Financial Statements are prepared using the euro as the presentation currency.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-494": {
   "value": "<div class=\"ps16366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:206.74pt\">These consolidated financial statements together with the note</span><span class=\"f charStyle-24b91321 ps16362\" style=\"width:14.7pt\">s of </span><span class=\"f charStyle-24b91321 ps16363\" style=\"width:51.56pt\">Iveco Group at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16364\" style=\"width:63.46pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16365\" style=\"width:139.57pt\"> (the \u201cConsolidated Financial Statements\u201d)</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:264.78pt\">were authorised for issuance by the Board of Directors of Iveco Group N.V. on </span><span class=\"f charStyle-24b91321 ps16367\" style=\"width:48.81pt\"> 4 March 2026</span><span class=\"f charStyle-24b91321 ps16368\" style=\"width:162.27pt\"> and have been prepared in accordance with the</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">International Financial Reporting Standards (IFRS) as adopted by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Code. The designation IFRS also includes International Accounting Standards (IAS), as well as all interpretations of the IFRS Interpretations</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.87pt\">Committee (IFRIC).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-493": {
   "value": "<div class=\"ps16366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:206.74pt\">These consolidated financial statements together with the note</span><span class=\"f charStyle-24b91321 ps16362\" style=\"width:14.7pt\">s of </span><span class=\"f charStyle-24b91321 ps16363\" style=\"width:51.56pt\">Iveco Group at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16364\" style=\"width:63.46pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16365\" style=\"width:139.57pt\"> (the \u201cConsolidated Financial Statements\u201d)</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:264.78pt\">were authorised for issuance by the Board of Directors of Iveco Group N.V. on </span><span class=\"f charStyle-24b91321 ps16367\" style=\"width:48.81pt\"> 4 March 2026</span><span class=\"f charStyle-24b91321 ps16368\" style=\"width:162.27pt\"> and have been prepared in accordance with the</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">International Financial Reporting Standards (IFRS) as adopted by the European Union (EU-IFRS) and with Part 9 of Book 2 of the Dutch Civil</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Code. The designation IFRS also includes International Accounting Standards (IAS), as well as all interpretations of the IFRS Interpretations</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.87pt\">Committee (IFRIC).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-495": {
   "value": "<div class=\"ps16373 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The financial statements are prepared under the historical cost convention, modified as required for the measurement of certain financial</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">instruments, as well as on a going concern basis. Despite operating in a continuously difficult economic and financial environment negatively</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">impacted by the effects of current macroeconomic and geopolitical issues, energy and material price variability, the Group\u2019s assessment is that no</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">material uncertainties (as defined in paragraph 25 of IAS 1) exist about its ability to continue as a going concern, in view also of the measures</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:473.91pt\">undertaken by the Group to preserve cash and contain costs, and to preserve its industrial and financial flexibility and its strong liquidity position</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-496": {
   "value": "<div class=\"ps16388 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-6461fb9e ps18\">ACCOUNTING POLICIES</span></div><div class=\"ps16389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Format of the financial statements</span></div><div class=\"ps16390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Iveco Group presents an income statement using a classification based on the function of expenses (otherwise known as the \u201ccost of sales\u201d</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:358.94pt\">method), rather than one based on their nature, as this is believed to provide information that is more relevant.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">For the statement of financial position, a mixed format has been selected to present current and non-current assets and liabilities, as permitted by</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:28.31pt\">IAS 1 \u2013 </span><span class=\"f charStyle-50993fa8 ps16392\" style=\"width:122.54pt\">Presentation of Financial Statements</span><span class=\"f charStyle-24b91321 ps16393\" style=\"width:325.11pt\">. The Consolidated Financial Statements include both industrial activities companies and financial</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">services companies. The investment portfolios of the financial services companies are included in current assets, as the investments will be<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">realised in their normal operating cycle. However, financial services companies obtain only a portion of their funding from the market; the</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">remainder is obtained from the parent company (included in the Industrial Activities) through its treasury activity, which lends funds both to</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">industrial activities companies and to financial services companies as the need arises. This financial services structure within the Iveco Group</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">does not allow the separation of financial liabilities funding the financial services operations (whose assets are reported within current assets) and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">those funding the industrial activities operations. Presentation of financial liabilities as current or non-current based on their date of maturity would</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">not facilitate a meaningful comparison with financial assets, which are categorised on the basis of their normal operating cycle. Disclosure of the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:209.36pt\">due dates of financial liabilities is however provided in the notes.</span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Consolidated Statement of Cash Flows is presented using the indirect method. Starting from 2025, changes in receivables from financing</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">activities, previously included in the Cash flows from/(used in) investing activities, have been included in the Cash flows from/(used in) operating</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:461.37pt\">activities to improve comparability with Iveco Group peers. Figures for the year ended 31 December 2024 have been reclassified consistently.</span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Basis of consolidation</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Subsidiaries<span class=\"f ps13\"> </span></span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Subsidiaries are entities over which the Group has control. Control is achieved when the Group is exposed, or has rights, to variable returns from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.39pt\">its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.86pt\">When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:194.23pt\">assessing whether it has power over an investee, including:</span></div><div class=\"ps1278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:230.72pt\">the contractual arrangement with the other vote holders of the investee</span></div><div class=\"ps6997 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.05pt\">rights arising from other contractual arrangements</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:168pt\">the Group\u2019s voting rights and potential voting rights.</span></div><div class=\"ps8466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">three elements of control. The financial statements of subsidiaries are included in the Consolidated Financial Statements from the date that</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">control commences until the date that control ceases. Non-controlling interests in the net assets of consolidated subsidiaries and non-controlling</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps4114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">interests in the profit or loss of consolidated subsidiaries are presented separately from the interests of the owners of the parent in the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">consolidated statement of financial position and income statement respectively. Losses applicable to non-controlling interests which exceed the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps13165 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.06pt\">non-controlling interests in the subsidiary\u2019s equity are debited to non-controlling interests.</span></div><div class=\"ps2862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Changes in the Group's ownership interests in subsidiaries that do not result in the loss of control are accounted for as equity transactions. The</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">carrying amounts of the equity attributable to owners of the parent and non-controlling interests are adjusted to reflect the changes in their relative</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps4203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">interests in the subsidiaries. Any difference between the book value of the non-controlling interests and the fair value of the relevant consideration</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps4206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.94pt\">is recognised directly in the equity attributable to the owners of the parent.</span></div><div class=\"ps5482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">If the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">of the fair value of the relevant consideration and the fair value of any retained interest and (ii) the carrying amount of the assets (including</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">goodwill) and liabilities of the subsidiary and any non-controlling interests. Any profits or losses recognised in other comprehensive income in</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps6404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">respect of the subsidiary are accounted for as if the subsidiary had been sold (i.e. are reclassified to profit or loss or transferred directly to retained</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.87pt\">earnings depending on the applicable IFRS).</span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Subsidiaries that are either dormant or generate a negligible volume of business, are not consolidated. Their impact on the Group\u2019s assets,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:312.95pt\">liabilities, financial position and profit/(loss) attributable to the owners of the parent is immaterial.</span></div><div class=\"ps629 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Joint ventures</span></div><div class=\"ps631 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12344 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">activities require unanimous consent of the parties sharing control. Investments in joint ventures are accounted for using the equity method from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:248.34pt\">the date that joint control commences until the date that joint control ceases.</span></div><div class=\"ps16394 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Associates</span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:323.53pt\">Associates are enterprises over which the Group has significant influence. As defined in IAS 28 \u2013 </span><span class=\"f charStyle-50993fa8 ps16395\" style=\"width:85.89pt\">Investments in Associates</span><span class=\"f charStyle-50993fa8 ps16396\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-50993fa8 ps16397\" style=\"width:47.45pt\">Joint Ventures</span><span class=\"f charStyle-24b91321 ps16377\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">those policies. Investments in associates are accounted for using the equity method from the date that significant influence commences until the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">date that significant influence ceases. When the Group\u2019s share of losses of an associate, if any, exceeds the carrying amount of the associate in</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">the Group\u2019s statement of financial position, the carrying amount is reduced to nil and recognition of further losses is discontinued except to the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7240 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:238.93pt\">extent that the Group has incurred obligations in respect of the associate.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments in other companies<span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Investments in other companies are measured at fair value. With reference to equity investments for which there is no quoted market price in an</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">active market and there is insufficient financial information in order to determine fair value, cost is used as an estimate of fair value, as permitted</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.93pt\">by IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16398\" style=\"width:71.45pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps7920\" style=\"width:359.65pt\">. The Group may irrevocably elect to present subsequent changes in the investment\u2019s fair value in other</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">comprehensive income upon the initial recognition of an equity investment that is not held to sell. This election is made on an investment-by-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">investment basis. Dividends received from these investments are included in Other income/(expenses) from investments unless they are basically</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:398.68pt\">a repayment of the initial investment (in case of investments measured at fair value through other comprehensive income).</span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions eliminated on consolidation</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">All significant intragroup balances and transactions and any unrealised gains and losses arising from intragroup transactions are eliminated in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">preparing the consolidated financial statements. Unrealised gains and losses arising from transactions with associates and joint ventures are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:206.12pt\">eliminated to the extent of the Group\u2019s interest in those entities.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Foreign currency transactions</span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Transactions in foreign currencies are recorded at the foreign exchange rate prevailing at the date of the transaction. Monetary assets and</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate prevailing at that date. Exchange</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">differences arising on the settlement of monetary items or on reporting monetary items at rates different from those at which they were initially</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321\"><span class=\"ps18\" style=\"width:304.82pt\">recorded during the period or in previous financial statements, are recognised in profit or loss.<span style=\"display:inline-block;height:6.55pt;width:19.18pt\"></span></span></span></div><div class=\"ps3323 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Consolidation of foreign entities</span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">All assets and liabilities of subsidiaries with a functional currency other than the euro are translated using the exchange rates in effect at the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">balance sheet date. Income and expenses are translated at the average exchange rate for the period. Translation differences resulting from the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">application of this method are classified as equity until the disposal of the investment. Average rates of exchange are used to translate the cash</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1280 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:268.38pt\">flows of foreign subsidiaries in preparing the consolidated statement of cash flows.</span></div><div class=\"ps1171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The goodwill, assets acquired and liabilities assumed arising from the acquisition of entities with a functional currency other than the euro are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">recognised in the functional currency and translated at the exchange rate at the acquisition date. These balances are subsequently retranslated at</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.94pt\">the exchange rate at the balance sheet date.</span></div><div class=\"ps4113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.98pt\">The Group applies IAS 29 - </span><span class=\"f charStyle-50993fa8 ps16399\" style=\"width:166.61pt\">Financial reporting in hyperinflationary economies</span><span class=\"f charStyle-24b91321 ps16400\" style=\"width:211.34pt\"> for its subsidiaries that prepare their financial statements in a</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">functional currency of a hyperinflationary economy. According to this standard, at the reporting date, the amount of non-monetary assets and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps8395 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">liabilities is redetermined using a general price index before being translated into euro. The financial statements of these subsidiaries are then</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1286 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.65pt\">translated at the closing spot rate.</span></div><div class=\"ps1288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:459.34pt\">The principal exchange rates used to translate into euros the financial statements prepared in currencies other than the euro were as follows:</span></div><div class=\"ps16438 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:178.5pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16402 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps15308 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16404 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps9995 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">U.S. dollar<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16405 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.130<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16406 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.175<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16407 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.082<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Pound sterling<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16409 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.857<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15310 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16410 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.847<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.829<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Swiss franc<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16412 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.937<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15314 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.931<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16413 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16414 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.941<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Brazilian real<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16415 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.306<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15317 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.469<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16416 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">5.830<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16417 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Polish Zloty<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16418 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.240<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16419 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.227<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16420 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.307<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16421 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.273<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Czech Koruna<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16422 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.688<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16423 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16424 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16425 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Argentine peso</span><span class=\"f charStyle-a5ada9bf ps16426\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16428 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16429 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16431 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16432 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Turkish lira</span><span class=\"f charStyle-a5ada9bf ps16433\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16434 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16435 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16436 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16437 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16439 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7\"><span class=\"ps18\" style=\"width:7.01pt\">(1)<span style=\"display:inline-block;height:5.09pt;width:1.99pt\"></span></span><span class=\"ps903\" style=\"width:467.1pt\">From 1 July 2018, Argentina\u2019s economy was considered to be hyperinflationary. After the same date, transactions for entities with the Argentine peso as the functional currency were</span></span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps16440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.83pt\">translated using the closing spot rate. Starting from 1 January 2025, this entity changed its functional currency from the Argentine peso to the U.S. dollar, as a consequence, IAS 29 is</span><span class=\"f charStyle-5ad4a1b7 ps2675\" style=\"width:1.59pt\"> </span></div><div class=\"ps16441 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:123.97pt\">no longer applicable in Argentina since that date.</span></div><div class=\"ps16442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:476.07pt\">(2) As of 30 June 2022, the Company applied the hyperinflationary accounting in T\u00fcrkiye, with effect from 1 January 2022. After 1 January 2022, according to IAS 29, transactions for</span><span class=\"f charStyle-5ad4a1b7 ps356\" style=\"width:1.59pt\"> </span></div><div class=\"ps16443 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:246.63pt\">entities with the Turkish lira as the functional currency were translated using the closing spot rate.</span></div><div class=\"ps16444 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Business combinations</span></div><div class=\"ps16445 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:316.36pt\">Business combinations are accounted for by applying the acquisition method. Under this method:<span class=\"f ps13\"> </span></span></div><div class=\"ps16446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">the consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16447 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">values of the assets transferred and liabilities assumed by the Group and the equity interests issued in exchange for control of the acquiree.<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16448 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:251.13pt\">Acquisition-related costs are generally recognised in profit or loss as incurred</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">at the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fair value at that date, except for</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">deferred tax assets and liabilities, assets and liabilities relating to employee benefit arrangements, liabilities or equity instruments relating to</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">payment arrangements of the acquire, assets (or disposal groups) that are classified as held for sale, which are measured in accordance with</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:69.26pt\">the relevant standard</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.9pt\">goodwill is measured as the excess of the aggregate of the consideration transferred in the business combination, the amount of any non-</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">controlling interest in the acquiree and the fair value of the acquirer's previously held equity interest in the acquiree (if any) over the net of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">acquisition-date amounts of the identifiable assets acquired and the liabilities assumed. If the net of the acquisition-date amounts of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">identifiable assets acquired and liabilities assumed exceeds the aggregate of the consideration transferred, the amount of any non-controlling</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">interest in the acquiree and the fair value of the acquirer's previously held interest in the acquiree (if any), the excess is recognised immediately</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:161.84pt\">in profit or loss as a gain from a bargain purchase<span class=\"f ps13\"> </span></span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">non-controlling interest is initially measured either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree's</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:363.47pt\">identifiable net assets. The selection of the measurement method is made on a transaction-by-transaction basis</span></div><div class=\"ps1378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">any contingent consideration arrangement in the business combination is measured at its acquisition-date fair value and included as part of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">consideration transferred in the business combination in order to determine goodwill. Changes in the fair value of the contingent consideration</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">that qualify as measurement period adjustments are recognised retrospectively, with corresponding adjustments to goodwill. Measurement</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">period adjustments are adjustments that arise from additional information obtained during the \u2018measurement period\u2019 (which may not exceed one</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">year from the acquisition date) about facts and circumstances that existed as of the acquisition date. Any changes in fair value after the</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.43pt\">measurement period are recognised in profit or loss.</span></div><div class=\"ps1387 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">When a business combination is achieved in stages, the Group's previously held equity interest in the acquiree is remeasured at its acquisition-</span></div><div class=\"ps4258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">date fair value and the resulting gain or loss, if any, is recognised in profit or loss. Changes in the equity interest in the acquiree that have been</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:454.79pt\">recognised in Other comprehensive income in prior reporting periods are reclassified to profit or loss as if the interest had been disposed of.</span></div><div class=\"ps1390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">reports provisional amounts for the items for which the accounting is incomplete in the Consolidated Financial Statements. Those provisional</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">amounts are adjusted during the above-mentioned measurement period to reflect new information obtained about facts and circumstances that</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:340.58pt\">existed at the acquisition date which, if known, would have affected the amounts recognised at that date.<span class=\"f ps13\"> </span></span></div><div class=\"ps5543 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Fair value measurement</span></div><div class=\"ps5544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Some of the Group\u2019s assets and liabilities are measured at fair value at the balance sheet date. Fair value is the price that would be received to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:392.11pt\">sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</span></div><div class=\"ps513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">In estimating the fair value of an asset or a liability, the Group uses valuation techniques that are appropriate in the circumstances and for which</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps514 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">inputs. Additional information about fair value, fair value hierarchy, valuation techniques and inputs used in determining the fair value of assets</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:107.37pt\">and liabilities is provided in Note </span><span class=\"f charStyle-24b91321 ps16449\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16450\" style=\"width:21.74pt\">, Note </span><span class=\"f charStyle-24b91321 ps16451\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps16452\" style=\"width:330.38pt\"> and, where required, in the individual notes relating to the assets and liabilities whose fair value were</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.92pt\">determined.</span></div><div class=\"ps519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">In addition, fair value measurements are categorised within the fair value hierarchy, described as follows, based on the degree to which the inputs</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:406.49pt\">to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety:</span></div><div class=\"ps1252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:450.74pt\">Level 1 \u2014 quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date</span></div><div class=\"ps1253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">Level 2 \u2014 inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps6265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:145.82pt\">indirectly (derived from prices) on the market</span></div><div class=\"ps7610 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:207.79pt\">Level 3 \u2014 inputs that are not based on observable market data.</span></div><div class=\"ps2874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Intangible assets</span></div><div class=\"ps3157 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Goodwill</span></div><div class=\"ps16453 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Goodwill is not amortized but is tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16454 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:337.97pt\">impaired. After initial recognition, goodwill is measured at cost less any accumulated impairment losses.</span></div><div class=\"ps16455 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps16456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Development costs for vehicle production project (trucks, buses, defence vehicles and engines) are recognised as an asset if and only if both of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">the following conditions are met: a) development costs can be measured reliably, b) the technical feasibility of the product, volumes and pricing</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">support the view that the development expenditure will generate future economic benefits, and c) the intention to complete the intangible asset, as</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">well as d) the availability of adequate technical, financial and other resources for this purpose. Capitalised development costs include all direct</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">and indirect costs that may be directly attributed to the development process. Capitalised development costs are amortized on a systematic basis</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps647 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.14pt\">from the start of production of the related product over the product\u2019s estimated average life, as follows:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:358.5pt\"></td><td style=\"padding:0;width:120pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss1301\"><div><div class=\"ps961 ss1300\"><span class=\"f charStyle-81df793a ps16462\">N\u00b0 of years<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Trucks, buses and defence vehicles<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16464 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">4-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Engines<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16465 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">2-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:177.85pt\">All other development costs are expensed as incurred.</span></div><div class=\"ps16467 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Intangible assets with indefinite useful lives</span></div><div class=\"ps16468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Intangible assets with indefinite useful lives principally consist of acquired trademarks which have no legal, regulatory, contractual, competitive,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16469 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">economic, or other factor that limits their useful life.\u00a0Intangible assets with an indefinite useful life are not amortized but are tested for impairment</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12110 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.88pt\">annually or more frequently whenever there is an indication that the asset may be impaired.</span></div><div class=\"ps12747 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other intangible assets</span></div><div class=\"ps12113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:380.6pt\">Other purchased and internally-generated intangible assets are recognised as assets in accordance with IAS\u00a038\u00a0\u2013\u00a0</span><span class=\"f charStyle-50993fa8 ps16470\" style=\"width:56.63pt\">Intangible Assets<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16471\" style=\"width:38.71pt\">, where it is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:433.99pt\">probable that the use of the asset will generate future economic benefits and where the costs of the asset can be determined reliably.<span class=\"f ps13\"> </span></span></div><div class=\"ps16472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Such assets are measured at purchase or manufacturing cost and amortized on a straight-line basis over their estimated useful lives, if these</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.53pt\">assets have finite useful lives.</span></div><div class=\"ps16474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Other intangible assets acquired as part of the acquisition of a business are capitalised separately from goodwill if their fair value can be</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:60.21pt\">measured reliably.</span></div><div class=\"ps16476 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Property, plant and equipment</span></div><div class=\"ps16477 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Cost<span class=\"f ps13\"> </span></span></div><div class=\"ps16478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.38pt\">Property, plant and equipment are stated at cost, less accumulated depreciation and accumulated impairment.</span></div><div class=\"ps16479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Subsequent expenditures and the cost of replacing parts of an asset are capitalised only if they increase the future economic benefits embodied</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">in that asset. All other expenditures are expensed as incurred. When such replacement costs are capitalised, the carrying amount of the parts that</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16481 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:138.47pt\">are replaced is recognised in profit or loss.</span></div><div class=\"ps12426 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Property, plant and equipment also include assets sold with a buy-back commitment, which are recognised under the method described in the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.21pt\">paragraph \u201cRevenue recognition\u201d.<span class=\"f ps13\"> </span></span></div><div class=\"ps16483 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Depreciation</span></div><div class=\"ps16484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:372.86pt\">Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows:</span></div><div class=\"ps16491 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:363pt\"></td><td style=\"padding:0;width:112.5pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss217\"><div><div class=\"ps313 ss9\"><span class=\"f charStyle-81df793a ps16485\">Depreciation rates<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Buildings<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16487 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16486\">3% - 10%<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Plant, machinery and equipment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16488 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16486\">8% - 25%<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Other assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16490 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16489\">12% - 30%<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:78.69pt\">Land is not depreciated.</span></div><div class=\"ps16492 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Lease accounting policy</span></div><div class=\"ps16493 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Lessee accounting</span></div><div class=\"ps16494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">A lease is a contract that conveys the right to control the use of an identified asset (the leased asset) for a period of time in exchange for<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16495 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">consideration. The lease term determined by the Group comprises the non-cancellable period of lease contract together with both periods</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps7536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and periods covered by an option to terminate</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps7537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the lease if the lessee is reasonably certain not to exercise that option. For real estate leases, this assessment is based on an analysis by</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">management of all relevant facts and circumstances including the leased asset\u2019s purpose, the economic and practical potential for replacing and</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps7539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.76pt\">any plans that the Group has in place for the future use of the asset. The Group combines lease and non-lease components.</span></div><div class=\"ps16496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">For leases with terms not exceeding twelve months (short-term leases) and for leases of low-value assets, Iveco Group recognises the lease</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:423.73pt\">payments associated with those leases on a straight-line basis over the lease term as operating expense in the income statement.</span></div><div class=\"ps16498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">For all other leases, at the commencement date (i.e., the date the underlying asset is available for use), Iveco Group recognises a right-of-use</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:335.54pt\">asset, classified within Property, plant and equipment, and a lease liability, classified within Other Debt.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">At the commencement date, the right-of-use asset includes the amount of lease liability recognised, initial direct costs incurred, and lease</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">payments made at or before the commencement date less any lease incentives received. At the same date, the lease liability is measured at the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">present value of lease payments to be made over the lease term, discounted using the interest rate implicit in the lease or, if that rate cannot be</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">readily determined, the Group's incremental borrowing rate. The incremental borrowing rate is determined considering macro-economic factors</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">such as the specific interest rate curve based on the relevant currency and term, as well as specific factors contributing to Iveco Group\u2019s credit</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:349.03pt\">spread. The Group primarily uses the incremental borrowing rate as the discount rate for its lease liabilities.</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">After the commencement date, the right-of-use asset is measured at cost less any accumulated depreciation and any accumulated impairment<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses and adjusted for any remeasurement of the lease liability. The right-of-use asset is depreciated on a straight-line basis. If the lease</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">transfers ownership of the underlying asset to the Group by the end of the lease term or if the cost of the right-of-use asset reflects that the Group</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">will exercise a purchase option, Iveco Group depreciates the right-of-use asset from the commencement date to the end of the useful life of the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">underlying asset. Otherwise, the Group depreciates the right-of-use asset from the commencement date to the earlier of the end of the useful life</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">of the right-of-use asset or the end of the lease term. After the commencement date, the lease liability is increased to reflect the accretion of</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest, recognised within Financial expenses in the Income Statement, reduced for the lease payments made, and remeasured to reflect any</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2800 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:121.28pt\">reassessment or lease modifications.</span><span class=\"f charStyle-24b91321 ps16500\" style=\"width:2.05pt\"> </span></div><div class=\"ps16501 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Lessor accounting</span></div><div class=\"ps16502 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Lease contracts where Iveco Group acts as a lessor, can be classified as either an operating lease or finance lease. Leases where a significant</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16503 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">portion of the risks and rewards are retained by the lessor are classified as operating leases. Leases that transfer substantially all the risks and</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7188 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.55pt\">rewards incidental to ownership of an underlying asset to the lessee are classified as a finance leases.</span></div><div class=\"ps16504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Where Iveco Group is the lessor in a finance lease, the future minimum lease payments from lessees are classified as Receivables from financing</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">activities. Lease payments are recognised as repayment of the principal, and financial income remunerating the initial investment and the services<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:30.32pt\">provided.</span></div><div class=\"ps16507 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Where Iveco Group is the lessor in an operating lease, income from operating leases is recognised over the term of the lease on a straight-line</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16508 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">basis. Leased assets include vehicles leased to retail customers by the Group's leasing companies. They are stated at cost and depreciated at</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:128.71pt\">annual rates of between 20% and 33%.<span class=\"f ps13\"> </span></span></div><div class=\"ps16509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.51pt\">When leased assets are no longer leased and become held for sale, the Group reclassifies their carrying amount to Inventories.</span></div><div class=\"ps4323 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Borrowing costs</span></div><div class=\"ps16510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">Bo</span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:466.97pt\">rrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets (as defined under IAS 23 \u2013</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:54.63pt\">Borrowing Costs</span><span class=\"f charStyle-24b91321 ps16511\" style=\"width:421.26pt\">), which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are capitalised</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps16513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:243.83pt\">and amortized over the useful life of the class of assets to which they refer.</span></div><div class=\"ps4329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:177.82pt\">All other borrowing costs are expensed when incurred.</span><span class=\"f charStyle-24b91321 ps16514\" style=\"width:2.05pt\"> </span></div><div class=\"ps16515 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Impairment of assets</span></div><div class=\"ps16516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The Group reviews, at least annually, the recoverability of the carrying amount of intangible assets (including capitalised development costs) and</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">property, plant and equipment, in order to determine whether there is any indication that those assets have suffered an impairment loss. Goodwill</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and Intangible assets with indefinite useful lives are tested for impairment annually or more frequently, if there is an indication that an asset may</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps4333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.55pt\">be impaired.</span></div><div class=\"ps4334 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">If indicators of impairment are present, the carrying amount of the assets is reduced to its recoverable amount that is the higher of its fair value</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps4335 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">less disposal costs and its value in use. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the recoverable amount of the cash-generating unit to which the asset belongs. In assessing its value in use, the pre-tax estimated future cash</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps12480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.35pt\">the risks specific to the asset. An impairment loss is recognised when the recoverable amount is lower than the carrying amount.</span></div><div class=\"ps16519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Where a previous impairment loss for assets other than goodwill no longer exists or has decreased, the carrying amount of the asset or cash-</span></div><div class=\"ps16520 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">generating unit is increased up to the revised estimate of its recoverable amount, but not in excess of the carrying amount that would have been</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.14pt\">recorded had no impairment loss been recognised. A reversal of an impairment loss is recognised in profit or loss immediately.</span></div><div class=\"ps16522 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Financial instruments</span></div><div class=\"ps8661 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Presentation<span class=\"f ps13\"> </span></span></div><div class=\"ps8662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:450.32pt\">Financial instruments held by the Group are presented and measured in the financial statements as described in the following paragraphs.</span></div><div class=\"ps3088 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Investments and other non-current financial assets comprise investments in unconsolidated companies and other non-current financial assets</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.48pt\">(securities, and other non-current financial receivables).<span class=\"f ps13\"> </span></span></div><div class=\"ps16524 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Current financial assets include trade receivables, receivables from financing activities (retail financing, dealer financing, lease financing and other</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">current loans to third parties), current securities and other current financial assets (which include derivative financial instruments stated at fair</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.74pt\">value as assets), as well as cash and cash equivalents.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Current securities include short-term or marketable securities which represent temporary investments of available funds and do not satisfy the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.96pt\">requirements for being classified as cash equivalents.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial liabilities refer to debt, which includes asset-backed financing, and derivative liabilities (which include derivative financial instruments</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:219.98pt\">stated at fair value as liabilities), trade payables and other liabilities.</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Measurement</span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Investments in unconsolidated companies classified as non-current financial assets are accounted for as described in the paragraph \u201cBasis of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2847 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.52pt\">consolidation\u201d.</span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.99pt\">In accordance with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16526\" style=\"width:70.38pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16527\" style=\"width:310.66pt\">, financial assets are classified as measured at either amortized cost (\u201cAC\u201d), fair value through</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">other comprehensive income (\u201cFVTOCI\u201d) or fair value through profit or loss (\u201cFVTPL\u201d), depending on the business model for managing such<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">financial assets and the asset\u2019s contractual cash flow characteristics. Financial liabilities are classified as measured at amortized cost using the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">effective interest method.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial assets and current securities acquired through a regular way purchase are recognised on the basis of the settlement date and, on initial</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">recognition, are measured at fair value, including transaction costs where applicable. Subsequent measurement depends on the business model</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:225.82pt\">for managing the asset and the cash flow characteristics of the asset.</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">measured at amortized cost using the effective interest method. Receivables with maturities of over one year which bear no interest or an interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.06pt\">rate significantly lower than market rates are discounted using market rates.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows and for selling the financial assets, where the asset\u2019s cash flows represent solely</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">payments of principal and interests, are measured at fair value through other comprehensive income. Gains and losses on assets measured at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">fair value through other comprehensive income are recognised directly in other comprehensive income until the financial asset is disposed of or is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">determined to be impaired; when the asset is disposed of, the cumulative gains or losses, including those previously recognised in other</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">comprehensive income, are reclassified to profit or loss; when the asset is impaired, impairment losses are recognised to profit or loss. Interest</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:214.68pt\">income from these financial assets is included in financial income.</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">As a result of the Group's business model, trade receivables and receivables from financing activities are subsequently measured at amortized<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.18pt\">cost. The recognition of an impairment is based on expected credit losses.</span></div><div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div><div class=\"ps12338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Derivatives financial assets and liabilities are measured either at fair value through other comprehensive income (when in a hedging relationship)</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:267.39pt\">or at fair value through profit or loss (see \"Derivative financial instruments\" below).</span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets and liabilities hedged by derivative instruments are measured in accordance with hedge accounting principles applicable to fair</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps7982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">value hedges: gains and losses arising from remeasurement at fair value, due to changes in the respective hedged risk, are recognised in profit or</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.37pt\">loss and are offset by the effective portion of the loss or gain arising from remeasurement at fair value of the hedging instrument.</span></div><div class=\"ps2867 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Derivative financial instruments</span></div><div class=\"ps2869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Derivative financial instruments are used for hedging purposes, in order to reduce currency, interest rate and market price risks. In accordance</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.92pt\">with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16528\" style=\"width:70.12pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16529\" style=\"width:360.98pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the hedge, there is</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">formal designation and documentation of the hedging relationship and the entity\u2019s risk management objective and strategy for undertaking the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">hedge, there is an economic relationship between the hedging instrument and the hedged item, credit risk does not dominate the value changes</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">that result from the economic relationship, and the hedging ratio in the hedging relationship reflects the actual quantity of the hedging instruments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.59pt\">and the hedged item. Further details on qualifying criteria are included in Note </span><span class=\"f charStyle-24b91321 ps16530\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16531\" style=\"width:185.95pt\"> \u201cDerivative assets and derivative liabilities\u201d and Note </span><span class=\"f charStyle-24b91321 ps16532\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.35pt\">\u201cInformation on financial risks\u201d.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.75pt\">When derivative financial instruments qualify for hedge accounting, the following accounting treatment applies:</span></div><div class=\"ps6079 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:57.14pt\">fair value hedges</span><span class=\"f charStyle-24b91321 ps16533\" style=\"width:411.78pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to changes in fair value of a recognised</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">asset or liability that is attributable to a particular risk and could affect profit or loss, the gain or loss from remeasuring the hedging instrument at</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps1261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">fair value is recognised in profit or loss. The gain or loss on the hedged item attributable to the hedged risk adjusts the carrying amount of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:150.37pt\">hedged item and is recognised in profit or loss</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:58.73pt\">cash flow hedges</span><span class=\"f charStyle-24b91321 ps16534\" style=\"width:410.27pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to variability in future cash flows of a</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">recognised asset or liability or a highly probable forecasted transaction and could affect profit or loss, the effective portion of any gain or loss on</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the derivative financial instrument is recognised directly in other comprehensive income in the cash flow hedge reserve. The cumulative gain or</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">loss is removed from other comprehensive income and recognised in profit or loss at the same time as the economic effect arising from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">hedged item affects income. The gain or loss associated with a hedge or part of a hedge that has become ineffective is recognised in profit or</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.86pt\">loss immediately. When a hedging instrument or hedge relationship is terminated but the hedged transaction is still expected to occur, the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">cumulative gain or loss realised to the point of termination remains in other comprehensive income and is recognised in profit or loss at the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">same time as the underlying transaction occurs. If the hedged transaction is no longer probable, the cumulative unrealised gain or loss held in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:233.51pt\">other comprehensive income is recognised in profit or loss immediately.</span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">If hedge accounting cannot be applied, the gains or losses from the fair value measurement of derivative financial instruments are recognised</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.33pt\">immediately in profit or loss.</span></div><div class=\"ps545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Transfers of financial assets</span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The Group derecognises financial assets when the contractual rights to the cash flows arising from the assets are no longer held or if it transfers<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.15pt\">the financial activities, as follows:</span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">if the Group transfers substantially all the risks and rewards of ownership of the financial asset, it derecognises the financial asset and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:369.16pt\">recognises separately as assets or liabilities any possible rights and obligations created or retained in the transfer</span></div><div class=\"ps497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:444.58pt\">if the Group retains substantially all the risks and rewards of ownership of the financial asset, it continues to recognise the financial asset</span></div><div class=\"ps1276 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">if the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset, it determines whether it has</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.51pt\">retained control of the financial asset. In this case:</span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:461.74pt\">if the Group has not maintained control, it derecognises the financial asset and recognises separately as assets and liabilities any possible</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps575\" style=\"width:180.69pt\">rights and obligations created or retained in the transfer</span></div><div class=\"ps2857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:458.15pt\">if the Group has retained control, it continues to recognise the financial asset to the extent of its continuing involvement in the financial asset.</span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">On derecognition of a financial asset, the difference between the carrying amount of the asset and the consideration received or receivable for the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:162.67pt\">transfer of the asset is recognised in profit or loss.</span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Inventories</span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Inventories of raw materials, semi-finished products and finished goods (including assets leased out under operating lease) are stated at the lower<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">of cost or net realizable value. Cost is determined by the first-in-first-out (FIFO) method. Cost includes the direct costs of materials, labour and</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps2861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">indirect costs (variable and fixed). Provision is made for obsolete and slow-moving raw materials, finished goods, spare parts and other supplies</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">based on their expected future use and realizable value. Net realizable value is the estimated selling price in the ordinary course of business less</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.65pt\">the estimated costs of completion and the estimated costs for sale and distribution.</span></div><div class=\"ps16535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Assets and liabilities held for sale</span></div><div class=\"ps16536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Non-current assets are classified as held for sale if their carrying amounts will be principally recovered through a sale transaction rather than</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1294 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">through continuing use. This condition is regarded as met only when the sale is highly probable, with the sale expected to be completed within</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">one year from the date of classification, and the non-current asset (or the disposal group) is available for immediate sale in its present condition</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps4209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">subject only to terms that are usual and customary for sales of such asset (or disposal group). When the Group is committed to a sale plan</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps4210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">involving loss of control of a subsidiary, all of the assets and liabilities of that subsidiary are classified as held for sale when the criteria described</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2870 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.93pt\">above are met, regardless of whether the Group will retain a non-controlling interest in its former subsidiary after the sale.</span></div><div class=\"ps12342 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amounts and fair value less costs to</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8399 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:13.1pt\">sell.</span></div><div class=\"ps8405 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Employee benefits</span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension plans</span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">The present value of a defined benefit obligation and the related current service cost (and past service cost, where applicable) for defined benefit</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:293.8pt\">pension plans are determined on an actuarial basis using the projected unit credit method.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The net defined benefit liability that the Group recognises in the statement of financial position represents the present value of the defined benefit</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">obligation reduced by the fair value of any plan assets (deficit). In case of a surplus, a net defined benefit asset is recognised at the lower of the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8407 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.07pt\">surplus and the asset ceiling.</span></div><div class=\"ps16538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Remeasurements of the net defined benefit liability/asset (that comprise: a) actuarial gains and losses, b) return on plan assets, excluding</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">amounts included in net interest on the net defined benefit liability/asset, and c) any change in the effect of the asset ceiling, excluding amounts</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">included in net interest on the net defined benefit liability/asset) are recognised directly in other comprehensive income without reclassification to</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.23pt\">profit or loss in subsequent years.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Past service cost resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">significant reduction in the number of employees covered by a plan) and gain or loss on settlements (a transaction that eliminates all further legal<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">or constructive obligations for part or all of the benefits) are recognised in profit or loss in the period in which they occur (or, in case of past service</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:305.23pt\">costs, when the entity recognises related restructuring costs or termination benefits, if earlier).</span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">Net interest is calculated by applying the discount rate to the net defined benefit liability or asset and is recognised as Net financial income/</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">(expenses) in profit or loss. Current service cost and all other costs and income arising from the measurement of pension plan provisions are</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:146.7pt\">allocated to costs by function in profit or loss.<span class=\"f ps13\"> </span></span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Post-employment plans other than pensions</span></div><div class=\"ps542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The Group provides other post-employment defined benefits. The method of accounting and the frequency of valuations are similar to those used</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.6pt\">for defined benefit pension plans.</span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Defined contribution plans</span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:336.8pt\">Costs arising from defined contribution plans are recognised as an expense in profit or loss as incurred.</span></div><div class=\"ps5078 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Share-based compensation plans</span></div><div class=\"ps5475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group provides additional benefits to the key executive officers and select employees through equity compensation plans (stock grants). In</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.21pt\">accordance with IFRS 2 \u2013 </span><span class=\"f charStyle-50993fa8 ps16542\" style=\"width:74.31pt\">Share-based Payment</span><span class=\"f charStyle-24b91321 ps16543\" style=\"width:310.43pt\">, these plans represent a component of recipient remuneration. The compensation expense,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">corresponding to the fair value of the instruments at the grant date, is recognised in profit or loss on a straight-line basis over the requisite service</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">period for each separately vesting portion of an award, with the offsetting credit recognised directly in equity. Any subsequent changes to fair</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps6996 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:182.78pt\">value do not have any effect on the initial measurement.</span><span class=\"f charStyle-24b91321 ps16544\" style=\"width:2.05pt\"> </span></div><div class=\"ps3125 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Provisions</span></div><div class=\"ps3127 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group records provisions when it has an obligation, legal or constructive, to a third party, as a result from a past event, when it is probable</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.48pt\">that an outflow of Group resources will be required to satisfy the obligation and when a reliable estimate of the amount can be made.</span></div><div class=\"ps1583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:299.52pt\">Changes in estimates are reflected in profit or loss in the period in which the change occurs.</span></div><div class=\"ps16545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Revenue recognition</span></div><div class=\"ps16546 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Revenue is recognised when control of the vehicles, services or parts has been transferred and the Group\u2019s performance obligations to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1586 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">customers have been satisfied. Revenue is measured as the amount of consideration the Group expects to receive in exchange for transferring</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.78pt\">goods or providing services.</span></div><div class=\"ps16548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:428.61pt\">The timing of when the Group transfers the goods or services to the customer may differ from the timing of the customer\u2019s payment.</span></div><div class=\"ps16549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Revenues are stated net of discounts, allowances, settlement discounts and rebates, as well as costs for sales incentive programs, which are<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">determined on the basis of historical costs, country by country, and charged against profit for the period in which the corresponding sales are</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps4090 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.11pt\">recognised.</span></div><div class=\"ps16551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Group also enters into contracts with multiple performance obligations. For these contracts, the Group allocates revenue from the transaction</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1181 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">price to the distinct goods and services in the contract on a relative standalone selling price basis. To the extent the Group sells the goods or</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps4091 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">services separately in the same market, the standalone selling price is the observable price at which the Group sells the goods or services</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">separately. For all other goods or services, the Group estimates the standalone selling price considering all information, reasonably available</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.82pt\">(including market conditions, entity-specific factors and information about the customer or class of customer).</span></div><div class=\"ps4094 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Sales of goods<span class=\"f ps13\"> </span></span></div><div class=\"ps4139 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:446.62pt\">The Group has determined that the customers from the sale of vehicles and parts are generally dealers, distributors and retail customers.</span></div><div class=\"ps4096 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Transfer of control, and thus related revenue recognition, generally corresponds to when the vehicles and parts are made available to the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">customer. Therefore, the Group recognises revenue at a point in time, when control is transferred to the customer at a sale price that the Group</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps12483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.48pt\">expects to receive.</span></div><div class=\"ps16554 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">For all sales, no significant uncertainty exists surrounding the purchaser\u2019s obligation to pay for vehicles and parts. The Group records appropriate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">allowance for credit losses and anticipated returns as required. Fixed payment schedules exist for all sales, but payment terms vary by</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16556 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:117.6pt\">geographic market and product line.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The cost of incentives, if any, are estimated at the inception of a contract at the amount that is expected to be paid and is recognised as a</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">reduction to revenue at the time of the sale. If a vehicle contract transaction has multiple performance obligations, the cost of incentives is</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">allocated entirely to vehicle as the intent of the incentives is to encourage sales of vehicles. If the estimate of the incentive changes following the</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">sale to the customer, the change in estimate is recognised as an adjustment to revenue in the period of the change. Iveco Group grants sales</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is announced to dealers,</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction of revenue.</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Subsequent adjustments to sales incentive programs related to products/vehicles previously sold are recognised as an adjustment to revenues in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">the period the adjustment is determinable. The determination of sales allowances requires management to make estimates based upon historical</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">data, estimated future market demand for products, field inventory levels, announced incentive programs, competitive pricing and interest rates,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:65.16pt\">among other things.</span><span class=\"f charStyle-24b91321 ps16557\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">With reference to the sales to dealers accompanied by \u201cfloor plan\u201d agreements under which the Group offers wholesale financing including</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">\u201cinterest-free\u201d financing for a specified period of time (which also vary by geographic market and product line), two separate performance</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">obligations exist. The first performance obligation consists of the sale of the vehicle from Industrial Activities to the dealer. Concurrent with the</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2800 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">sale of the vehicle, Industrial Activities offers to the dealer wholesale financing through loans extended by Financial Services. Industrial Activities</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2801 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">compensates Financial Services for the cost of the interest-free period. This cost has been determined to represent a cash sale incentive on the</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">initial sale of the good, and therefore it should be recognised upfront as a reduction of net sales of Industrial Activities. The second performance</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">obligation consists of a credit facility extended by Financial Services to the dealer. The remuneration for this performance obligation is</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps3706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">represented by the compensation received from Industrial Activities for the period of the interest-free financing and by the interest charged to</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps3347 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.34pt\">dealer for the remaining period. This remuneration is recognised by Financial Services over the period of the outstanding exposure.</span></div><div class=\"ps3349 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">For parts sales, when the Group provides its customers with a right to return a transferred product, revenue and corresponding cost of sales are</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps4566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">recognised for parts that are not expected to be returned. The expected returns are estimated based on an analysis of historical experience. The</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">portion of revenue (and corresponding cost of sales) related to the parts that are expected to be returned is recognised at the end of the return</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">period. The amount received or receivable that is expected to be returned is recognised as a refund liability, representing the obligation to return</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">the customer\u2019s consideration. Furthermore, at the time of the initial sale, Iveco Group recognises a return asset for the right to recover the goods</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3712 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">returned by the customer. This asset is initially measured at the former carrying amount of the inventory. At each reporting date, both the refund</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">liability and the return asset are remeasured to record for any revisions to the expected level of returns, as well as any decreases in the value of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:72.13pt\">the returned products.</span></div><div class=\"ps2815 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Rendering of services</span></div><div class=\"ps2816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Revenues from services provided are primarily comprised of extended warranties and maintenance and repair services and are recognised over</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:320.45pt\">the contract period when the costs are incurred, that is when the claims are charged by the dealer.</span><span class=\"f charStyle-24b91321 ps16558\" style=\"width:2.05pt\"> </span></div><div class=\"ps3353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Amounts invoiced to customers for which Iveco Group receives consideration before the performance is satisfied are recognised as contract</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2819 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">liability. These services are either separately-priced or included in the selling price of the vehicle. In the second case, revenue for the services is</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">allocated based on the estimated stand-alone selling price. In the event that the costs expected to be incurred to satisfy the remaining</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps4281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:310.2pt\">performance obligations exceed the transaction price, an estimated contract loss is recognised.</span></div><div class=\"ps4585 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Shipping and other transportation activities performed as an agent are recognised on a net basis, which is netting the related freight cost against</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps4588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.52pt\">the freight revenue.</span></div><div class=\"ps2778 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Rents and other income on assets sold with a buy-back commitment</span></div><div class=\"ps2781 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Truck and Bus Business Units enters into transactions for the sale of vehicles to some customers with an obligation to repurchase (\u201cbuy-back</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2783 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">commitment\u201d) the vehicles at the end of a period (\u201cbuy-back period\u201d) at the customer\u2019s request. For these types of arrangements, at inception,</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps2784 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:357.35pt\">Iveco Group assesses whether a significant economic incentive exists for the customer to exercise the option.</span></div><div class=\"ps3265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">If Iveco Group determines that a significant economic incentive exists for the customer to exercise the buy-back option, the transaction is</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3266 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">accounted for as an operating lease. In such case, vehicles are accounted for as Property, plant and equipment because the agreements typically</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps2787 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">have a long-term buy-back period. The difference between the carrying value (corresponding to the manufacturing cost) and the estimated resale</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps2788 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">value (net of refurbishing costs) at the end of the buy-back period is depreciated on a straight-line basis over the same period. The initial sale</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps2789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">price received is recognised in \u201cOther liabilities\u201d and is comprised of the repurchase value of the vehicle, and the rents to be recognised in the</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps4295 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">future recorded as contract liability. These rents are determined at the inception of the contract as the difference between the initial sale price and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps4296 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">the repurchase price and are recognised as revenue on a straight-line basis over the term of the agreement. At the end of the agreement term,</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps6247 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">upon exercise of the option, the used vehicles are reclassified from Property, plant and equipment to Inventories. The proceeds from the sale of</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.21pt\">such vehicles are recognised as Revenues.</span></div><div class=\"ps8611 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">If Iveco Group determines that a significant economic incentive does not exist for the customer to exercise the buy-back option, the transaction is</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8612 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">treated as a sale with a variable consideration whose variable component is the buy-back provision accrual. The buy-back provision accrual is the</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps8613 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">difference between the repurchase price and the estimated market value of the used vehicle at the end of the buy-back period and is recorded</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">only when the repurchase price is greater than the estimated market value of the used vehicle. The buy-back provision accrual is estimated and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">recognised as a reduction of revenues at the time of the sale. Any subsequent change following such periodic reassessment is recognised as a</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps16561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:111.47pt\">reduction of revenues at that time.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Finance and interest income</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Finance and interest income on retail and other notes receivables and finance leases is recorded using the effective yield method. Deferred costs</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">on the origination of financing receivables are recognised as a reduction in finance revenue over the expected lives of the receivables using the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">effective yield method. When a financial asset becomes credit-impaired and is, therefore, regarded as \u201cStage 3\u201d, Iveco Group calculates interest</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">income by applying the effective interest rate to the net amortized cost of the financial asset. If the financial asset cures and is no longer credit-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">impaired, Iveco Group reverts to calculating interest income on a gross basis. Receivables are considered past due if the required principal and</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest payments have not been received as of the date such payments were due. Delinquency is reported on receivables greater than 30 days</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">past due. Charge-offs of principal amounts of receivables outstanding are deducted from the allowance at the point when it is determined to be</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:165.12pt\">probable that all amounts due will not be collected.</span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Rents and other income on operating leases</span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:306.08pt\">Income from operating leases is recognised over the term of the lease on a straight-line basis.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Cost of sales</span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Cost of sales comprises the cost of manufacturing products and the acquisition cost of purchased merchandise which has been sold. It includes</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">all directly attributable material and production costs and all production overheads. These include the depreciation of property, plant and</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">equipment and the amortisation of intangible assets relating to production and write-downs of inventories. Cost of sales also includes freight and</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:296.69pt\">insurance costs relating to deliveries to dealers and agency fees in the case of direct sales.</span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Cost of sales also includes provisions made to cover the estimated cost of product warranties at the time of sale to dealer networks or to the end</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1276 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.37pt\">customer.</span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Expenses which are directly attributable to the Financial Services business, including the interest expense related to the financing of Financial</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:351.56pt\">Services business as a whole and charges for risk provisions and write-downs, are reported in cost of sales.<span class=\"f ps13\"> </span></span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Research and development costs</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">This item includes research costs, development costs not eligible for capitalization and the amortisation of development costs recognised as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.66pt\">assets in accordance with IAS\u00a038.</span></div><div class=\"ps3136 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Government grants</span></div><div class=\"ps3137 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Government grants are recognised in the financial statements when there is reasonable assurance that the company concerned will comply with</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">the conditions for receiving such grants and that the grants themselves will be received. Government grants are recognised as income over the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps7004 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.15pt\">periods necessary to match them with the related costs which they are intended to offset.</span></div><div class=\"ps3329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The benefit of a government loan at a below-market rate of interest is treated as a government grant. The benefit of the below-market rate of</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">interest is measured as the difference between the initial carrying amount of the loan (fair value plus transaction costs) and the proceeds</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.46pt\">received, and is accounted for in accordance with the policies already used for the recognition of government grants.</span><span class=\"f charStyle-24b91321 ps16562\" style=\"width:2.05pt\"> </span></div><div class=\"ps16564 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Income taxes</span></div><div class=\"ps619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Income taxes include all taxes based upon the taxable profits of the Group. Taxes on income are recognised in profit or loss except to the extent</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">they relate to items recognised directly in equity or in other comprehensive income, in which case the related tax effects are recognised directly in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.8pt\">equity or in other comprehensive income.</span><span class=\"f charStyle-24b91321 ps10116\" style=\"width:2.05pt\"> </span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Provisions for income taxes arising on the future distribution of a subsidiary\u2019s undistributed profits are only made when there is a current intention</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:79.9pt\">to distribute such profits.</span><span class=\"f charStyle-24b91321 ps16566\" style=\"width:2.05pt\"> </span></div><div class=\"ps16567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Deferred taxes are provided using the full liability method. They are calculated on all temporary differences between the tax bases of assets or</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1299 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">liabilities and the corresponding carrying amounts in the Consolidated Financial Statements, except for those arising from non-tax-deductible</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps7033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">goodwill and investments in subsidiaries where it is possible to control the reversal of the basis differences and reversal will not take place in the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps8405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.47pt\">foreseeable future.</span></div><div class=\"ps7036 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Deferred tax assets relating to the carry-forward of unused tax losses and tax credits, as well as those arising from temporary differences, are</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">recognised to the extent it is probable future profits will be available against which they can be utilised. Current and deferred income tax assets</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">and liabilities are offset when the income taxes are levied by the same taxation authority and where there is a legally enforceable right of offset.</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3159 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Deferred tax assets and liabilities are measured at the enacted or substantively enacted tax rates of the relevant tax jurisdictions that are</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">expected to apply to taxable income during the period or periods in which the temporary differences reverse. The Group recognises tax liabilities</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">for uncertain tax treatments when tax risks arising from positions taken by the Group are considered probable, assuming the tax authorities have</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">full knowledge of all relevant information when making their examinations. In doing so, the Group evaluates whether to consider each uncertain</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">tax treatment separately or jointly consider multiple uncertain tax treatments, using the approach that better predicts the resolution of the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">uncertainty. The liabilities recognised correspond to the amounts expected to be paid. Other taxes not based on taxable profits, such as property</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:205.74pt\">taxes and taxes on capital, are included in operating expenses.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Dividends</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Dividends payable by the Group are reported as a change in equity in the period in which they are approved by the Company\u2019s shareholders at</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.68pt\">the Annual General Meeting of Shareholders (AGM).</span></div><div class=\"ps1558 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Earnings per share</span></div><div class=\"ps2844 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Basic earnings per share are calculated by dividing the Profit/(loss) attributable to owners of the parent by the weighted average number of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2846 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Common Shares outstanding during the year. Special voting shares are not included in the earnings per share calculation as they are not eligible</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">for dividends and have only limited economic rights. For diluted earnings per share, the weighted average number of Common Shares</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.21pt\">outstanding is adjusted assuming conversion of dilutive potential Common Shares.</span><span class=\"f charStyle-24b91321 ps16569\" style=\"width:2.05pt\"> </span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Use of estimates</span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">These Consolidated Financial Statements have been prepared in accordance with EU-IFRS which require Iveco Group to make judgments,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">estimates and assumptions affecting the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">amounts of income and expenses. The estimates and related assumptions are based on available information at the date of preparation of the</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.83pt\">financial statements, on historical experience and other relevant factors. Actual results may differ from the estimates.<span class=\"f ps13\"> </span></span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Estimates and assumptions are reviewed periodically, and the effects of any changes are recognised in the period in which the estimate is</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:26.22pt\">periods.</span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:255.28pt\">There are no key sources of estimation uncertainty and no critical judgements.</span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The following are the main judgments and assumptions concerning the future that Iveco Group has made in the process of applying its accounting</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:187.64pt\">policies to prepare its Consolidated Financial Statements.<span class=\"f ps13\"> </span></span></div><div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div><div class=\"ps1180 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for obsolete and slow-moving inventory</span></div><div class=\"ps4130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The allowance for obsolete and slow-moving inventory reflects management\u2019s estimate of the expected loss in value and has been determined on</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the basis of past experience and historical and expected future trends in the used vehicle market. A worsening of the economic and financial</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">situation could cause a further deterioration in conditions in the used vehicle market compared to that taken into consideration in calculating the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:163.9pt\">allowances recognised in the financial statements.</span></div><div class=\"ps3539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recoverability of non-current assets</span></div><div class=\"ps3540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Non-current assets include property, plant and equipment, intangible assets, investments and other non-current financial assets. The Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">reviews the carrying value of non-current assets held and used and that of assets to be disposed of when events and circumstances warrant such</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:29.49pt\">a review.</span><span class=\"f charStyle-24b91321 ps16572\" style=\"width:2.05pt\"> </span></div><div class=\"ps3543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The analysis of the recoverable amount of non-current assets is usually performed using estimates of future expected cash flows from the use or</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">disposal of the asset and an appropriate discount rate in order to calculate present value. If the carrying amount is deemed to be impaired, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Group recognises an impairment loss for the amount by which the carrying amount of the asset exceeds its estimated recoverable amount from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:340.94pt\">use or disposal determined by reference to the cash flows included in its most recent business forecasts.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.18pt\">In view of the present economic and financial situation, the Group made the following considerations in respect of its future prospects:</span></div><div class=\"ps16573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">when carrying out impairment testing of tangible and intangible assets, the Group took into account its expected performance in the upcoming</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps7043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:365.56pt\">years. Iveco Group extended such projections for subsequent years to appropriately cover the period of analysis</span><span class=\"f charStyle-24b91321 ps16574\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">should the assumptions underlying the forecast deteriorate further, the following is noted: the Group\u2019s tangible and intangible assets with a finite</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">useful life (mostly development costs) relate to models or products with high technological content in line with the latest environmental laws and</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">regulations, which consequently makes them competitive in the current economic environment, especially in the more mature economies in</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">which particular attention is placed on the eco-sustainability of those types of products. Consequently, despite the fact that the capital goods</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">sector is one of the markets which could be most affected by a potential crisis in the immediate term, management considers that is highly</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">probable that the life cycle of these products can be lengthened to extend over the period of time involved in a slower economic recovery,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:372.89pt\">allowing the Group to achieve sufficient cash flows to cover the investments, although over a longer period of time.</span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Residual values of assets leased out under operating lease arrangements or sold with a buy-back commitment</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group records assets rented to customers or leased to them under operating lease as tangible assets. Furthermore, new vehicle sales with</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">a buy-back commitment are not recognised as sales at the time of delivery but are accounted for as operating lease if it is probable that the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">vehicle will be bought back. Income from such operating lease is recognised on a straight-line basis over the term of the lease. Depreciation</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">expense for assets subject to operating lease is recognised on a straight-line basis over the lease term in amounts necessary to reduce the cost</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">of an asset to its estimated residual value at the end of the lease term. The estimated residual value of leased assets is calculated at the lease</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">commencement date on the basis of published industry information and historical experience and are reviewed quarterly. Realization of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">residual values is dependent on Iveco Group\u2019s future ability to market the assets under the then-prevailing market conditions. The Group</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">continually evaluates whether events and circumstances have occurred which impact the estimated residual values of the assets on operating</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">lease. The used vehicle market was carefully monitored to ensure that write-downs were properly determined. However, it cannot be excluded</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:294.56pt\">that additional write-downs may be required if market conditions should deteriorate further.</span></div><div class=\"ps551 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Sales allowances</span></div><div class=\"ps1223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Iveco Group grants sales incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">announced to dealers, Iveco Group records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">of revenue. The expense for new programs is accrued at the inception of the program. The amounts of incentives to be paid are estimated. The</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps1227 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">determination of sales allowances requires management to make estimates based upon historical data, estimated future market demand for</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:397.05pt\">products, field inventory levels, announced incentive programs, competitive pricing and interest rates, among other things.</span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Product warranties</span></div><div class=\"ps509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group makes provisions for estimated expenses related to product warranties at the time products are sold. Management establishes these</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">estimates based on historical information on the nature, frequency and average cost of warranty claims. The Group seeks to improve vehicle</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">quality and minimize warranty expenses arising from claims. Warranty costs may differ from those estimated if actual claim rates are higher or</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.61pt\">lower than historical rates.</span></div><div class=\"ps6399 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension and other post-employment benefits</span></div><div class=\"ps6401 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Group companies sponsor pension and other post-employment benefits in various countries, mainly in the United Kingdom, Germany, Italy, and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.14pt\">Switzerland.</span></div><div class=\"ps4207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Employee benefit liabilities, related assets, costs and net interest connected with them are measured on an actuarial basis which requires the use</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">of estimates and assumptions to determine the net defined benefit liability/asset for the Group. The actuarial method takes into consideration</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">parameters of a financial nature such as the discount rate and the rate of salary increases and takes into consideration the likelihood of potential</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps5259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">future events by using demographic parameters such as mortality rates and dismissal or retirement rates. The discount rates selected are based</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6076 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">on yields or yield curves of high-quality corporate bonds in the relevant market. Trends in healthcare costs are developed on the basis of historical</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">experience, the near-term outlook for costs and likely long-term trends. Rates of salary increases reflect the Group\u2019s long-term actual</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">expectations in the reference market and inflation trends. Changes in any of these assumptions may have an effect on future contributions to the</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps7610 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:19.67pt\">plans.</span></div><div class=\"ps1257 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The effects resulting from revising the estimates for the above parameters (\u201cre-measurements\u201d) are recognised directly in other comprehensive</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:408.51pt\">income without reclassification to profit or loss in subsequent years: see \u201cEmployee benefits\u201d section above for further details.</span></div><div class=\"ps528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Future changes in the yields of corporate bonds, other actuarial assumptions referred to above and returns on plan assets may impact the net</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.82pt\">liability/asset.</span></div><div class=\"ps2880 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recognition of deferred tax assets</span></div><div class=\"ps2881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.46pt\">At </span><span class=\"f charStyle-24b91321 ps16575\" style=\"width:63.58pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16576\" style=\"width:267.21pt\">, Iveco Group had net deferred tax assets, including tax loss carry forwards, of \u20ac</span><span class=\"f charStyle-24b91321 ps16577\" style=\"width:12.3pt\">758</span><span class=\"f charStyle-24b91321 ps16578\" style=\"width:61.96pt\"> million, of which \u20ac</span><span class=\"f charStyle-24b91321 ps16579\" style=\"width:12.3pt\">147</span><span class=\"f charStyle-24b91321 ps16580\" style=\"width:49.23pt\"> million are not</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:227.46pt\">recognised in the financial statements. The corresponding totals at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16581\" style=\"width:64.62pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16582\" style=\"width:26.09pt\"> were \u20ac</span><span class=\"f charStyle-24b91321 ps16583\" style=\"width:12.3pt\">895<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16584\" style=\"width:46.29pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16585\" style=\"width:12.3pt\">169</span><span class=\"f charStyle-24b91321 ps16586\" style=\"width:86.86pt\"> million. Management has</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recognised deferred tax assets it believes are probable to be recovered considering amounts from budgets and plans consistent with those used</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12345 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">for other purposes within Iveco Group, for example impairment testing, as discussed in the paragraph \u201cRecoverability of non-current assets\u201d</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps12346 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">above. Iveco Group believes the amount of recognised deferred tax assets is appropriate, despite the risk of actual future results potentially being</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps5492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">less than results included in these forecasts, considering many of the recognised net deferred tax assets relate to temporary differences and tax</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:452.84pt\">losses which, to a significant extent, may be recovered over an extended time period, but do not expire based on currently enacted tax law.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">As in all financial reporting periods, Iveco Group assessed the realizability of its various deferred tax assets, which related to multiple tax</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">jurisdictions in all regions of the world. Basically, considering all the jurisdictions in which Iveco Group operates, the only change in assessment</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">occurred with respect to the recognition of deferred tax assets in Germany and it is primarily attributable to the sale of Fire Fighting business,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">which improved future scenario in terms of tax profitability. In respect to all other losses accumulated by Group in prior periods, they were largely</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">driven by non-recurring events that impacted taxable income in the near-term, substantially all of Iveco Group\u2019s deferred tax assets have no<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2688 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">expiry date. Further, Iveco Group has a history of producing pre-tax losses in the bottom-end of economic cycles followed by generating pre-tax</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">profits during ensuing periods of economic expansion such that there is little history of its tax attributes expiring unutilised. Given the uncertainty</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">on evolution of certain macroeconomic dynamics, however, it is possible assessment changes could occur within the next twelve months, with</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.25pt\">those changes potentially having an impact on Iveco Group\u2019s results of operations.</span></div><div class=\"ps16593 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Contingent liabilities</span></div><div class=\"ps16594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group is the subject of legal proceedings and tax issues covering a range of matters, which are pending in various jurisdictions. Due to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">uncertainty inherent in such matters, it is difficult to predict the final outcome of such matters. The cases and claims against Iveco Group often</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16596 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">raise difficult and complex factual and legal issues, which are subject to many uncertainties, including but not limited to the facts and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">circumstances of each particular case and claim, the jurisdiction and the differences in applicable law. In the normal course of business</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">management consults with legal counsel and other experts on matters related to litigation and taxes. The Group accrues a liability when it is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16599 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">determined that an adverse outcome is probable, and the amount of the loss can be reasonably estimated. In the event an adverse outcome is</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.55pt\">possible, or an estimate is not determinable, the matter is disclosed. See Note 27 \"Commitments and contingencies\" for additional details.</span></div><div class=\"ps16601 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Climate related matters </span></div><div class=\"ps16602 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The Company has established specific functions and structures within its respective business units to monitor the relevant emerging policies and</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">regulatory developments at local and global level (especially in Europe, where regulatory pressure is greater). The resulting analyses are</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16604 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">incorporated into the Company\u2019s strategy to ensure full compliance with applicable laws. The shifts in consumer preferences and demand towards</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16605 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">sustainable transport solutions, driven by both an increase in climate-related awareness and more stringent regulations, may result in potential</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16606 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">risks for manufacturers that must adapt to the evolving market. To counter this, Iveco Group applies these shifts to the development of its product</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16607 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">portfolio to steer R&amp;D focus towards sustainable technologies (e.g., biofuels, electrified solutions and hydrogen) and ensure the resilience of its</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">business model. In particular, in 2025, R&amp;D investments mainly focused on zero-emission vehicles, electrification, multi-fuel energy solutions, and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16609 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">digitalization. To ensure the timely delivery of its strategy, the Company has established specific targets linked to the environmental performance</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16611 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:203.65pt\">of its manufacturing processes, logistics, and product portfolio.</span><span class=\"f charStyle-24b91321 ps16610\" style=\"width:2.05pt\"> </span></div><div class=\"ps16612 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Based on the analysis of climate-related risks and opportunities, Iveco Group defined a decarbonization strategy, which in turn has been</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16613 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">incorporated within, and regularly influences, the Group\u2019s Strategic Business Plan. To further address the potential impacts of climate change,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group has implemented relevant projects and a number of other specific climate-related topics and has defined long-term strategic targets</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:87.97pt\">that aim to reduce the CO</span><span class=\"f charStyle-d5c0f051 ps16615\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps16616\" style=\"width:385.25pt\"> emissions along the entire value chain (e.g., in manufacturing plants, in logistics processes, during the use of sold</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps16618 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.78pt\">products).</span></div><div class=\"ps16619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">There has been increasing interest in how climate change will impact the Group\u2019s business. Iveco Group recognises the importance of climate</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">change risk and promotes a responsible use of resources and a reduction of the environmental impact of production to mitigate climate change. In</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">this context, Iveco Group has adopted an environmental policy that applies to all Group locations and divisions and has set up a structure</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16622 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:331.05pt\">dedicated to control environmental pollution, waste, and water disposal as well as emission reduction.</span></div><div class=\"ps16623 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Group considers climate-related matters in estimates and assumptions, assessing the possible impacts due to both physical and transitional</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16624 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">risks. The Group is closely monitoring relevant changes and developments, such as new climate-related legislation, even though climate-related</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16625 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">risks might not currently have a significant impact on measurement. In particular, considering the financial statements information are presented</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16626 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">through historical values which, by their nature, do not fully capture future events, all assumptions and estimates underlying the preparation of the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16627 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">following items, identified as most directly impacted by climate-related matters, were subject to an analysis in order to identify and address the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16629 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:251.61pt\">new uncertainties related to climate changes which could affect the business:</span><span class=\"f charStyle-24b91321 ps16628\" style=\"width:2.05pt\"> </span></div><div class=\"ps16632 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:89.81pt\">going concern assessment</span><span class=\"f charStyle-24b91321 ps16630\" style=\"width:7.2pt\">: t</span><span class=\"f charStyle-24b91321 ps16631\" style=\"width:371.9pt\">he Group\u2019s assessment is that no material uncertainties exist about its ability to continue as a going concern,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16633 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">considering the uncertainties that may arise from climate-related factors related to introduction of legislation that could directly affect the</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps16635 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:225.76pt\">Group\u2019s business model, or giving rise to increased compliance costs</span><span class=\"f charStyle-24b91321 ps16634\" style=\"width:2.05pt\"> </span></div><div class=\"ps16637 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-ffd11920 ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:148.16pt\">useful lives of tangible and intangible assets:</span><span class=\"f charStyle-24b91321 ps16636\" style=\"width:320.83pt\"> the Group regularly reviews the expected useful lives of tangible and intangible assets, including</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps16638 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469.01pt\">capitalised development costs, considering in this assessment also the climate-related matters, such as climate-related legislation and</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">regulations that may restrict the use of assets. The analysis performed did not result in any adjustments of the useful lives in the current year.</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">See sections \u201cAccounting policies \u2013 Intangible assets; Property, plant and equipment\u201d; and \u201cUse of estimates - Recoverability of non-current</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16641 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:130.72pt\">assets\u201d of these Notes for further details</span></div><div class=\"ps16643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-ffd11920 ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:114.9pt\">impairment of non-current assets: t</span><span class=\"f charStyle-24b91321 ps16642\" style=\"width:354.1pt\">he Group reviews the carrying value of non-current assets when required by events and circumstances. For</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps16644 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">goodwill and intangible assets with indefinite useful lives such analysis is carried out at least annually. In assessing the recoverable amount of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">non-current assets, the Group also considered the impact of climate change risk on future cash flows. No financial impacts to the current year</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">impairment assessment were identified. See section \u201cUse of estimates - Recoverability of non-current assets\u201d and Note 12 \u201cIntangible assets\u201d of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16647 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:96.7pt\">these Notes for further details</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:33.18pt\">provisions</span><span class=\"f charStyle-24b91321 ps16648\" style=\"width:435.69pt\">: the Group assessed the impact of climate-related matters on provisions, for instance, additional levies or penalties related to</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">environmental requirements, contracts that may become onerous, or restructurings to achieve climate-related targets. This assessment did not</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">result in any further provisions to reflect in the Consolidated Financial Statements. See Note 23 \u201cOther provisions\u201d and Note 27 \u201cCommitments</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:121.28pt\">and contingencies\u201d for further details.</span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Furthermore, the Group provides additional benefits to key executive officers and select employees through equity incentive plans by means of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">performance awards (\u201cPSUs\u201d) and non-performance awards (\u201cRSUs\u201d). The PSUs vest subject to achievement of Company performance goals for</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">the performance period. One of the performance metrics foreseen in the equity incentive plan (2023-2025 LTIP Awards, 2024-2026 LTIP Awards</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:133.76pt\">and 2025-2027 LTIP Awards) is the CO</span><span class=\"f charStyle-d5c0f051 ps16649\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps16650\" style=\"width:339.56pt\"> emissions reduction. This could impact the future amount of the recognition of share-based payment</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:376.2pt\">expense in the income statement. See Note 21 \u201cEquity\u201d for further details on the Group share-based compensation.</span><span class=\"f charStyle-24b91321 ps16651\" style=\"width:2.05pt\"> </span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Referring to sustainable finance, in November 2023, Iveco Group signed a \u20ac450 million term loan facility with the European Investment Bank (the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">\u201cEIB\u201d) with an 8-year amortisation profile, which represented the first tranche of the \u20ac500 million total approved by the EIB. In July 2024, the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">second and last \u20ac50 million tranche has been executed with full drawing in October 2024. The resources made available by the EIB will enable</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group to develop innovative technologies and architectures in the field of electric propulsion and to increase efficiency, safety, driving</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">comfort and productivity by further developing solutions for autonomous driving, digitalisation and vehicle connectivity. See Note 24 \u201cDebt\u201d for</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:46.7pt\">further details.</span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">New standards and amendments effective from 1 January 2025</span></div><div class=\"ps3253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3b2bc29d ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:136.23pt\">On 15 August 2023, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16672\" style=\"width:330.55pt\">Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability</span><span class=\"f charStyle-24b91321 ps16673\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps3254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">clarifying how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps3255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">exchangeability is lacking, as well as requiring an entity to provide the disclosure that enables to understand the impact of a currency not being</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps3256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:377.53pt\">exchangeable. The amendments are effective for annual reporting periods beginning on or after 1 January 2025. </span><span class=\"f charStyle-24b91321 ps16674\" style=\"width:91.47pt\">These amendments had no</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps1388 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.05pt\">impact on these Consolidated Financial Statements.</span></div><div class=\"ps505 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Accounting standards, amendments and interpretations not yet applicable and not early adopted by the Group</span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.96pt\">The main accounting standards, amendments, and interpretations not yet applicable and not early adopted by the Group are the following:</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:128.92pt\">on 30 May 2024, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16744\" style=\"width:256.29pt\">Amendments to the Classification and Measurement of Financial Instruments</span><span class=\"f charStyle-24b91321 ps16745\" style=\"width:83.69pt\"> (Amendments to IFRS 9</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">and IFRS 7), to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:5.26pt\">- </span><span class=\"f charStyle-50993fa8 ps16746\" style=\"width:75.67pt\">Financial Instruments. </span><span class=\"f charStyle-24b91321 ps16747\" style=\"width:387.99pt\">In particular, these amendments clarify the classification of financial assets with environmental, social and corporate</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">governance (ESG) and similar features, the settlement of liabilities through electronic payment systems and introduce additional disclosure</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">requirements regarding investments in equity instruments designated at fair value through other comprehensive income and financial</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">instruments with contingent features. The amendments will be effective for annual reporting periods beginning on or after 1 January 2026. The</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:272.94pt\">Group does not expect any material impact from the adoption of these amendments</span></div><div class=\"ps5255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:118.31pt\">on 18 July 2024, the IASB issued </span><span class=\"f charStyle-50993fa8 ps16748\" style=\"width:228.37pt\">Annual Improvements to IFRS Accounting Standards \u2014 Volume 11</span><span class=\"f charStyle-24b91321 ps16749\" style=\"width:122.24pt\"> which contains amendments to five</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">standards as result of IASB\u2019s annual improvements project. The IASB uses the annual improvements process to make necessary, but non-</span></div><div class=\"ps517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">urgent, amendments to IFRS Accounting Standards that will not be included as part of another major project. The amended standards are:</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:16.79pt\">IFRS</span><span class=\"f charStyle-24b91321 ps16750\" style=\"width:2.41pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps16751\" style=\"width:11.37pt\">1 - </span><span class=\"f charStyle-50993fa8 ps16752\" style=\"width:216pt\">First-time Adoption of International Financial Reporting Standards</span><span class=\"f charStyle-24b91321 ps16753\" style=\"width:35.03pt\">, IFRS 7 - </span><span class=\"f charStyle-50993fa8 ps16754\" style=\"width:187.4pt\">Financial Instruments: Disclosures and its accompanying</span><span class=\"f charStyle-50993fa8 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:115.75pt\">Guidance on implementing IFRS 7</span><span class=\"f charStyle-24b91321 ps16755\" style=\"width:36.67pt\">, IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16756\" style=\"width:70.82pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16757\" style=\"width:40.77pt\">, IFRS 10 - </span><span class=\"f charStyle-50993fa8 ps16758\" style=\"width:115.44pt\">Consolidated Financial Statements</span><span class=\"f charStyle-24b91321 ps16759\" style=\"width:46.89pt\">, and IAS 7 - </span><span class=\"f charStyle-50993fa8 ps16760\" style=\"width:42.58pt\">Statement of</span><span class=\"f charStyle-50993fa8 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:39.25pt\">Cash Flows</span><span class=\"f charStyle-24b91321 ps16761\" style=\"width:429.64pt\">. The amendments are effective on or after 1 January 2026 and earlier application is permitted. The Group does not expect any</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:182.34pt\">material impact from the adoption of these amendments</span></div><div class=\"ps5809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:144.83pt\">on 18 December 2024, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16762\" style=\"width:292.23pt\">Amendments to IFRS 9 and IFRS 7 - Contracts Referencing Nature-dependent Electricity</span><span class=\"f charStyle-24b91321 ps16763\" style=\"width:31.78pt\">, to clarify</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">the application of the \"own-use\" requirements for in-scope contracts, permitting hedge accounting if these contracts are used as hedging</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps5811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">instruments and adding new disclosure requirements. The amendments are effective for annual periods beginning on or after 1 January 2026,</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps3265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:397.45pt\">with earlier application permitted. The Group does not expect any material impact from the adoption of these amendments</span></div><div class=\"ps5815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:155.09pt\">on 9 April 2024, the IASB issued IFRS 18 - </span><span class=\"f charStyle-50993fa8 ps16764\" style=\"width:171.76pt\">Presentation and Disclosure in Financial Statemen</span><span class=\"f charStyle-24b91321 ps16765\" style=\"width:91.16pt\">ts which replaces IAS 1 - </span><span class=\"f charStyle-50993fa8 ps16766\" style=\"width:50.92pt\">Presentation of</span><span class=\"f charStyle-50993fa8 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:69.96pt\">Financial Statements</span><span class=\"f charStyle-24b91321 ps16767\" style=\"width:399.04pt\">, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. In</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps3268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Furthermore, the IASB has made minor amendments to IAS 7 and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">IAS 33. IFRS 18 introduces new requirements to the structure of the statement of profit or loss, requires disclosures on management-defined</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">performance measures (MPMs) in the notes to the financial statements, and enhances principles on aggregation and disaggregation which</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps7355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">apply to the primary financial statements and notes in general. IFRS 18 and the amendments to the other standards are effective for reporting</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps4297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:410.53pt\">periods beginning on or after 1 January 2027, but earlier application is permitted. IFRS 18 requires a retrospective application.</span></div><div class=\"ps6381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Furthermore, at the date of these Consolidated Financial Statements, the European Union has not yet completed its endorsement process for the</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps12811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">amendments and improvements, reported below, for which the Group is currently evaluating the impact of the adoption on its Consolidated</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:118.4pt\">Financial Statements or disclosures:</span></div><div class=\"ps6384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:144.97pt\">on 9 May 2024, the IASB issued IFRS 19 -</span><span class=\"f charStyle-50993fa8 ps16768\" style=\"width:182.78pt\"> Subsidiaries without Public Accountability: Disclosures</span><span class=\"f charStyle-24b91321 ps16769\" style=\"width:141.24pt\">, which permits eligible subsidiaries to use</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps12089 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">IFRS Accounting Standards with reduced disclosures better suited to the needs of the users of their financial statements, as well as to keep</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps12090 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">only one set of accounting records to meet the needs of both their parent company and the users of their financial statements. The standard is</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16770 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:230.27pt\">effective on or after 1 January 2027 and earlier application is permitted</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:234.95pt\">on 13 November 2025, the IASB issued the Amendments to IAS 21 </span><span class=\"f charStyle-50993fa8 ps16771\" style=\"width:233.93pt\">The Effects of Changes in Foreign Exchange Rates: Translation to a</span><span class=\"f charStyle-50993fa8 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:139.49pt\">Hyperinflationary Presentation Currency, </span><span class=\"f charStyle-24b91321 ps16772\" style=\"width:49.01pt\">which require </span><span class=\"f charStyle-24b91321 ps16773\" style=\"width:280.49pt\">translation from a non-hyperinflationary functional currency into a hyperinflationary</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">presentation currency at the closing rate. An entity whose functional currency and presentation currency are the currency of a hyperinflationary</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">economy restates the comparative amounts of a foreign operation, whose functional currency is that of a non-hyperinflationary economy, by</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:263.55pt\">applying the general price index to the foreign operation\u2019s comparative figures. </span><span class=\"f charStyle-24b91321 ps16774\" style=\"width:205.3pt\">The amendments are effective for reporting periods beginning</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:198.29pt\">on or after 1 January 2027, with earlier application permitted.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-29a3054c ps18\">COMPOSITION AND PRINCIPAL CHANGES</span></div><div class=\"ps907 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">Unless otherwise stated, 2025 and 2024 income statement data shown in the following Notes refers to Continuing Operations only.</span></div><div class=\"ps6264 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">28. Segment reporting </span></div><div class=\"ps1253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The segment information disclosed in these Consolidated Financial Statements reflects the identifiable reporting segments of the Company and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the financial information that the Chief Operating Decision Maker (CODM) reviews to assess performance and make decisions about resource</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.66pt\">allocation. The segments are organised based on products and services provided by Iveco Group.</span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">32. Related party transactions</span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:96.38pt\">In accordance with IAS 24 \u2013 <span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps21299\" style=\"width:85.64pt\">Related Party Disclosures</span><span class=\"f charStyle-24b91321 ps21300\" style=\"width:293.93pt\">, Iveco Group\u2019s related parties are companies and persons capable of exercising control,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:192.04pt\">joint control or significant influence over the Group. As of </span><span class=\"f charStyle-24b91321 ps21301\" style=\"width:63.74pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21302\" style=\"width:17.44pt\"> and </span><span class=\"f charStyle-24b91321 ps21303\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21304\" style=\"width:186.4pt\">, related parties included Iveco Group\u2019s parent company</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps6996 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:15.16pt\">Exor</span><span class=\"f charStyle-24b91321 ps21305\" style=\"width:16.74pt\"> N.V.</span><span class=\"f charStyle-24b91321 ps21306\" style=\"width:78.35pt\"> (which is controlled by </span><span class=\"f charStyle-24b91321 ps21307\" style=\"width:69.94pt\">Giovanni Agnelli B.V.</span><span class=\"f charStyle-24b91321 ps21308\" style=\"width:4.85pt\">) </span><span class=\"f charStyle-24b91321 ps21309\" style=\"width:290.97pt\">and its subsidiaries and affiliates, including CNH, Stellantis N.V. and its subsidiaries and</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">affiliates (Stellantis), and Iveco Group's unconsolidated subsidiaries, associates or joint ventures. In addition, the members of the Board of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440pt\">Directors and managers of Iveco Group with strategic responsibility and members of their families were also considered related parties.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-497": {
   "value": "<div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Consolidated Statement of Cash Flows is presented using the indirect method. Starting from 2025, changes in receivables from financing</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">activities, previously included in the Cash flows from/(used in) investing activities, have been included in the Cash flows from/(used in) operating</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:461.37pt\">activities to improve comparability with Iveco Group peers. Figures for the year ended 31 December 2024 have been reclassified consistently.</span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Consolidated Statement of Cash Flows is presented using the indirect method. Starting from 2025, changes in receivables from financing</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">activities, previously included in the Cash flows from/(used in) investing activities, have been included in the Cash flows from/(used in) operating</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:461.37pt\">activities to improve comparability with Iveco Group peers. Figures for the year ended 31 December 2024 have been reclassified consistently.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-498": {
   "value": "<div class=\"ps1273 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Basis of consolidation</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Subsidiaries<span class=\"f ps13\"> </span></span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Subsidiaries are entities over which the Group has control. Control is achieved when the Group is exposed, or has rights, to variable returns from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.39pt\">its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.86pt\">When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:194.23pt\">assessing whether it has power over an investee, including:</span></div><div class=\"ps1278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:230.72pt\">the contractual arrangement with the other vote holders of the investee</span></div><div class=\"ps6997 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.05pt\">rights arising from other contractual arrangements</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:168pt\">the Group\u2019s voting rights and potential voting rights.</span></div><div class=\"ps8466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">three elements of control. The financial statements of subsidiaries are included in the Consolidated Financial Statements from the date that</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">control commences until the date that control ceases. Non-controlling interests in the net assets of consolidated subsidiaries and non-controlling</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps4114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">interests in the profit or loss of consolidated subsidiaries are presented separately from the interests of the owners of the parent in the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">consolidated statement of financial position and income statement respectively. Losses applicable to non-controlling interests which exceed the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps13165 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.06pt\">non-controlling interests in the subsidiary\u2019s equity are debited to non-controlling interests.</span></div><div class=\"ps2862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Changes in the Group's ownership interests in subsidiaries that do not result in the loss of control are accounted for as equity transactions. The</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">carrying amounts of the equity attributable to owners of the parent and non-controlling interests are adjusted to reflect the changes in their relative</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps4203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">interests in the subsidiaries. Any difference between the book value of the non-controlling interests and the fair value of the relevant consideration</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps4206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.94pt\">is recognised directly in the equity attributable to the owners of the parent.</span></div><div class=\"ps5482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">If the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">of the fair value of the relevant consideration and the fair value of any retained interest and (ii) the carrying amount of the assets (including</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">goodwill) and liabilities of the subsidiary and any non-controlling interests. Any profits or losses recognised in other comprehensive income in</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps6404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">respect of the subsidiary are accounted for as if the subsidiary had been sold (i.e. are reclassified to profit or loss or transferred directly to retained</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.87pt\">earnings depending on the applicable IFRS).</span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Subsidiaries that are either dormant or generate a negligible volume of business, are not consolidated. Their impact on the Group\u2019s assets,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:312.95pt\">liabilities, financial position and profit/(loss) attributable to the owners of the parent is immaterial.</span></div><div class=\"ps629 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Joint ventures</span></div><div class=\"ps631 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12344 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">activities require unanimous consent of the parties sharing control. Investments in joint ventures are accounted for using the equity method from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:248.34pt\">the date that joint control commences until the date that joint control ceases.</span></div><div class=\"ps16394 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Associates</span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:323.53pt\">Associates are enterprises over which the Group has significant influence. As defined in IAS 28 \u2013 </span><span class=\"f charStyle-50993fa8 ps16395\" style=\"width:85.89pt\">Investments in Associates</span><span class=\"f charStyle-50993fa8 ps16396\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-50993fa8 ps16397\" style=\"width:47.45pt\">Joint Ventures</span><span class=\"f charStyle-24b91321 ps16377\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">those policies. Investments in associates are accounted for using the equity method from the date that significant influence commences until the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">date that significant influence ceases. When the Group\u2019s share of losses of an associate, if any, exceeds the carrying amount of the associate in</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">the Group\u2019s statement of financial position, the carrying amount is reduced to nil and recognition of further losses is discontinued except to the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7240 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:238.93pt\">extent that the Group has incurred obligations in respect of the associate.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments in other companies<span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Investments in other companies are measured at fair value. With reference to equity investments for which there is no quoted market price in an</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">active market and there is insufficient financial information in order to determine fair value, cost is used as an estimate of fair value, as permitted</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.93pt\">by IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16398\" style=\"width:71.45pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps7920\" style=\"width:359.65pt\">. The Group may irrevocably elect to present subsequent changes in the investment\u2019s fair value in other</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">comprehensive income upon the initial recognition of an equity investment that is not held to sell. This election is made on an investment-by-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">investment basis. Dividends received from these investments are included in Other income/(expenses) from investments unless they are basically</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:398.68pt\">a repayment of the initial investment (in case of investments measured at fair value through other comprehensive income).</span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions eliminated on consolidation</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">All significant intragroup balances and transactions and any unrealised gains and losses arising from intragroup transactions are eliminated in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">preparing the consolidated financial statements. Unrealised gains and losses arising from transactions with associates and joint ventures are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:206.12pt\">eliminated to the extent of the Group\u2019s interest in those entities.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Foreign currency transactions</span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Transactions in foreign currencies are recorded at the foreign exchange rate prevailing at the date of the transaction. Monetary assets and</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate prevailing at that date. Exchange</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">differences arising on the settlement of monetary items or on reporting monetary items at rates different from those at which they were initially</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321\"><span class=\"ps18\" style=\"width:304.82pt\">recorded during the period or in previous financial statements, are recognised in profit or loss.<span style=\"display:inline-block;height:6.55pt;width:19.18pt\"></span></span></span></div><div class=\"ps3323 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Consolidation of foreign entities</span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">All assets and liabilities of subsidiaries with a functional currency other than the euro are translated using the exchange rates in effect at the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">balance sheet date. Income and expenses are translated at the average exchange rate for the period. Translation differences resulting from the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">application of this method are classified as equity until the disposal of the investment. Average rates of exchange are used to translate the cash</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1280 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:268.38pt\">flows of foreign subsidiaries in preparing the consolidated statement of cash flows.</span></div><div class=\"ps1171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The goodwill, assets acquired and liabilities assumed arising from the acquisition of entities with a functional currency other than the euro are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">recognised in the functional currency and translated at the exchange rate at the acquisition date. These balances are subsequently retranslated at</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.94pt\">the exchange rate at the balance sheet date.</span></div><div class=\"ps4113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.98pt\">The Group applies IAS 29 - </span><span class=\"f charStyle-50993fa8 ps16399\" style=\"width:166.61pt\">Financial reporting in hyperinflationary economies</span><span class=\"f charStyle-24b91321 ps16400\" style=\"width:211.34pt\"> for its subsidiaries that prepare their financial statements in a</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">functional currency of a hyperinflationary economy. According to this standard, at the reporting date, the amount of non-monetary assets and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps8395 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">liabilities is redetermined using a general price index before being translated into euro. The financial statements of these subsidiaries are then</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1286 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.65pt\">translated at the closing spot rate.</span></div><div class=\"ps1288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:459.34pt\">The principal exchange rates used to translate into euros the financial statements prepared in currencies other than the euro were as follows:</span></div><div class=\"ps16438 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:178.5pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16402 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps15308 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16404 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps9995 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">U.S. dollar<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16405 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.130<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16406 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.175<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16407 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.082<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Pound sterling<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16409 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.857<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15310 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16410 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.847<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.829<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Swiss franc<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16412 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.937<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15314 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.931<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16413 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16414 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.941<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Brazilian real<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16415 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.306<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15317 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.469<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16416 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">5.830<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16417 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Polish Zloty<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16418 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.240<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16419 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.227<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16420 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.307<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16421 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.273<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Czech Koruna<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16422 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.688<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16423 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16424 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16425 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Argentine peso</span><span class=\"f charStyle-a5ada9bf ps16426\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16428 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16429 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16431 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16432 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Turkish lira</span><span class=\"f charStyle-a5ada9bf ps16433\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16434 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16435 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16436 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16437 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16439 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7\"><span class=\"ps18\" style=\"width:7.01pt\">(1)<span style=\"display:inline-block;height:5.09pt;width:1.99pt\"></span></span><span class=\"ps903\" style=\"width:467.1pt\">From 1 July 2018, Argentina\u2019s economy was considered to be hyperinflationary. After the same date, transactions for entities with the Argentine peso as the functional currency were</span></span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps16440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.83pt\">translated using the closing spot rate. Starting from 1 January 2025, this entity changed its functional currency from the Argentine peso to the U.S. dollar, as a consequence, IAS 29 is</span><span class=\"f charStyle-5ad4a1b7 ps2675\" style=\"width:1.59pt\"> </span></div><div class=\"ps16441 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:123.97pt\">no longer applicable in Argentina since that date.</span></div><div class=\"ps16442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:476.07pt\">(2) As of 30 June 2022, the Company applied the hyperinflationary accounting in T\u00fcrkiye, with effect from 1 January 2022. After 1 January 2022, according to IAS 29, transactions for</span><span class=\"f charStyle-5ad4a1b7 ps356\" style=\"width:1.59pt\"> </span></div><div class=\"ps16443 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:246.63pt\">entities with the Turkish lira as the functional currency were translated using the closing spot rate.</span></div><div class=\"ps16775 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-29a3054c ps18\">SCOPE OF CONSOLIDATION</span></div><div class=\"ps8687 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:196.1pt\">The Consolidated Financial Statements of the Group as of <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16776\" style=\"width:63.66pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16777\" style=\"width:216.16pt\"> include the Company and 86 consolidated subsidiaries (of which<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps8688 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:137.67pt\">12 classified as Discontinued Operations).</span><span class=\"f charStyle-24b91321 ps16778\" style=\"width:2.05pt\"> </span></div><div class=\"ps6483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.48pt\">At </span><span class=\"f charStyle-24b91321 ps11830\" style=\"width:63.62pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps11831\" style=\"width:402.84pt\">, excluded from consolidation are 3 subsidiaries that are either dormant or generate a negligible volume of business: their</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps7745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">proportion of the Group\u2019s assets, liabilities, financial position, and earnings is immaterial. All such subsidiaries are accounted for using the cost</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps8691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:332.4pt\">method and represent in aggregate less than 0.01 percent of Group revenues, equity and total assets.</span></div><div class=\"ps1325 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:346.25pt\">A list of the companies included in the scope of the Consolidated Financial Statements is included in Note </span><span class=\"f charStyle-24b91321 ps16779\" style=\"width:8.2pt\">35</span><span class=\"f charStyle-24b91321 ps16780\" style=\"width:2.05pt\">.</span></div><div class=\"ps3249 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">35. Companies included in the scope of the Consolidated Financial Statements </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:224.68pt\">The main legal entities comprising the Iveco Group at 31 December <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21489\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21490\" style=\"width:234.92pt\">, including major subsidiaries, joint ventures and associates, included in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.71pt\">Continuing Operations are provided below:</span><span class=\"f charStyle-24b91321 ps21491\" style=\"width:2.05pt\"> </span></div><div class=\"ps21544 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps8948 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6658 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Altra S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21493 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18556 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5115 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Amce-Automotive Manufacturing Co.Ethiopia Share Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21494 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ethiopia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21495 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">69.99%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps827 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Dolphin N2 Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9856 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19920 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2340 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">EVCO GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21496 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19117 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3832 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies (Chongqing) Co., Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21497 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21498 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18682 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies Management (Shanghai) Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21499 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21500 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1816 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies of North America, Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21501 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21502 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT - Powertrain Technologies France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21503 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21504 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21505 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21506 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21507 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21508 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Industrial S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21509 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21510 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9615 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Motorenforschung AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21511 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21512 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21513 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Heuliez Bus S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21514 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21515 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2575 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IAV-Industrie-Anlagen-Verpachtung GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21516 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21517 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21518 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21519 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21520 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2440 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services UK Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21521 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21522 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps195 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Nordics A/S<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21523 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Denmark<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21524 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15292 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IDV Group N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21525 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21526 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21527 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (China) Commercial Vehicle Sales Co. Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21528 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21529 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10492 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (Schweiz) AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21530 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21531 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9641 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Arac Sanayi VE Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21532 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21533 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10863 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Austria GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21536 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Austria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21537 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18476 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Bayern GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21538 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21539 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21540 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Belgium N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21541 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Belgium<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21542 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO CAPITAL BULGARIA EAD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Bulgaria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1768\"><div><div class=\"ps301 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Slovakia s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1769\"><div><div class=\"ps301 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1770\"><div><div class=\"ps301 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Solutions S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21551 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21552 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Czech Republic A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21553 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21554 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4982 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Deutschland AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21555 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21556 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1811 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Espana S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21557 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21558 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1019 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Est S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21559 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21560 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21561 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21562 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Group Korea LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21563 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Korea<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21564 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21565 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Services (Thailand) Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21566 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Thailand<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21567 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Switzerland SA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1658 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Investitions GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21573 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21574 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21575 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21576 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2435 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nederland B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21577 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21578 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15288 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21579 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21580 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps187 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord-Ost Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21581 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21582 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1734 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Norge A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21583 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Norway<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21584 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21585 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Otomotiv Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21586 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21587 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21588 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21589 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21590 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Pension Trustee Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Poland Sp. z o.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Poland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21595 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Portugal-Comercio de Veiculos Industriais S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21596 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Portugal<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21597 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21598 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Provence S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21599 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21600 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21601 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Retail Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21602 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21603 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10536 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Romania S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21604 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21605 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21606 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21607 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21608 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21609 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO SA (PTY) LTD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21610 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Africa<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21611 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11122 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Slovakia, s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21612 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21613 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10901 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Sud-West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21614 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21615 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Centrum s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21617 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21618 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21619 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21620 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21621 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16257 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Trucks Australia Pty. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21622 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Australia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21623 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Ukraine LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21625 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ukraine<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21626 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21627 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21628 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21629 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21630 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVG BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21631 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21632 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21633 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Liegenschaftsverwaltung Weisweil GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21634 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21635 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15549 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Mediterranea de Camiones S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21636 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21637 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16271 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Officine Brennero S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21638 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21639 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">OOO Iveco Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1107 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">SAIC Fiat Powertrain Hongyan Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21640 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21641 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">60.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps80 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Seddon Atkinson Vehicles Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21642 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21643 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps12183 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Soci\u00e9t\u00e9 Charolaise de Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21644 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21645 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6015 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Service S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21646 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21647 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11000 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Zona Franca Alari Sepauto S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21648 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21649 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">51.87%</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CIFINS S.p.A.</span><span class=\"f charStyle-a5ada9bf ps21651\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Orecchia S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8801 ss1772\"><div><div class=\"ps2120 ss797\"><span class=\"f charStyle-db2d9ea7 ps22\">SUBSIDIARIES VALUED AT FVTPL</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8804 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL INDIA PRIVATE LIMITED<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21652 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">India<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21653 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps9624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Blitz S19-499 GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21654 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21655 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21656 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">TORINO INMOBILIARIA, C.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21657 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Venezuela<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21658 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10835 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CNH Industrial Capital Europe S.A.S.</span><span class=\"f charStyle-a5ada9bf ps21659\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">GATE Mobility B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC SOLUTIONS EUROPE S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5355 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21660 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21661 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21662 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19313 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">CODEFIS Societ\u00e0 consortile per azioni<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21663 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21664 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">28.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21665 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Sotra S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21666 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ivory Coast<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21667 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">39.80%</span></div></div></div></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21668 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Trucks &amp; Bus Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21669 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Libya<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21670 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">25.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21671 ss1773\"><div><div class=\"ps9632 ss797\"><span class=\"f charStyle-81df793a ps22\">OTHER COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10617 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Naveco (Nanjing IVECO Motor Co.) Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21672 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21673 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">19.90%</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:236.1pt\">(1) After the Demerger CIFINS S.p.A. is owned 50.00% by Iveco Group and 50.00% by CNH.</span></div><div class=\"ps21675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:266.7pt\">(2) This percentage represents the interest held by Iveco Group through its 50% interest in CIFINS S.p.A.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.82pt\">The subsidiaries included in Discontinued Operations at 31 December 2025 are as follows:</span></div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:228pt\"></td><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1774\"><div><div class=\"ps2314 ss13\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps310 ss1775\"><div><div class=\"ps2314 ss1504\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps6766 ss1776\"><div><div class=\"ps2314 ss379\"><span class=\"f charStyle-81df793a ps22\">Percentage Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps21677 ss1777\"><div><div class=\"ps9632 ss13\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">Astra Veicoli Industriali S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21678 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21679 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Brasil Ltda.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21680 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19266 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Defence Vehicles Espa\u00f1a S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21681 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21682 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles France S.A.S.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21683 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21684 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3948 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles Italia S.p.A.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21685 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21686 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps13505 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES ROMANIA S.R.L.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21687 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21688 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4989 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES UK LTD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21689 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21690 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8203 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Deutschland GmbH</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21691 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-3769e72f ps22\">Germany</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21692 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Group S.r.l.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21693 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21694 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Nederland B.V.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21695 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21696 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV USA Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21697 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21698 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">Italwatt S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21699 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21700 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps159 ss1783\"><div><div class=\"ps9140 ss13\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss13\"><span class=\"f charStyle-81df793a ps22\">EQUITY METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16130 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21701 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21702 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-499": {
   "value": "<div class=\"ps1535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Subsidiaries<span class=\"f ps13\"> </span></span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Subsidiaries are entities over which the Group has control. Control is achieved when the Group is exposed, or has rights, to variable returns from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.39pt\">its involvement with the investee and has the ability to affect those returns through its power over the investee.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.86pt\">When the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:194.23pt\">assessing whether it has power over an investee, including:</span></div><div class=\"ps1278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:230.72pt\">the contractual arrangement with the other vote holders of the investee</span></div><div class=\"ps6997 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.05pt\">rights arising from other contractual arrangements</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:168pt\">the Group\u2019s voting rights and potential voting rights.</span></div><div class=\"ps8466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">three elements of control. The financial statements of subsidiaries are included in the Consolidated Financial Statements from the date that</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">control commences until the date that control ceases. Non-controlling interests in the net assets of consolidated subsidiaries and non-controlling</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps4114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">interests in the profit or loss of consolidated subsidiaries are presented separately from the interests of the owners of the parent in the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">consolidated statement of financial position and income statement respectively. Losses applicable to non-controlling interests which exceed the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps13165 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.06pt\">non-controlling interests in the subsidiary\u2019s equity are debited to non-controlling interests.</span></div><div class=\"ps2862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Changes in the Group's ownership interests in subsidiaries that do not result in the loss of control are accounted for as equity transactions. The</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">carrying amounts of the equity attributable to owners of the parent and non-controlling interests are adjusted to reflect the changes in their relative</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps4203 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">interests in the subsidiaries. Any difference between the book value of the non-controlling interests and the fair value of the relevant consideration</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps4206 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.94pt\">is recognised directly in the equity attributable to the owners of the parent.</span></div><div class=\"ps5482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">If the Group loses control of a subsidiary, a gain or loss is recognised in profit or loss and is calculated as the difference between (i) the aggregate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">of the fair value of the relevant consideration and the fair value of any retained interest and (ii) the carrying amount of the assets (including</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6403 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">goodwill) and liabilities of the subsidiary and any non-controlling interests. Any profits or losses recognised in other comprehensive income in</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps6404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">respect of the subsidiary are accounted for as if the subsidiary had been sold (i.e. are reclassified to profit or loss or transferred directly to retained</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.87pt\">earnings depending on the applicable IFRS).</span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Subsidiaries that are either dormant or generate a negligible volume of business, are not consolidated. Their impact on the Group\u2019s assets,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:312.95pt\">liabilities, financial position and profit/(loss) attributable to the owners of the parent is immaterial.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-501": {
   "value": "<div class=\"ps629 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Joint ventures</span></div><div class=\"ps631 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12344 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">activities require unanimous consent of the parties sharing control. Investments in joint ventures are accounted for using the equity method from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:248.34pt\">the date that joint control commences until the date that joint control ceases.</span></div><div class=\"ps16394 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Associates</span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:323.53pt\">Associates are enterprises over which the Group has significant influence. As defined in IAS 28 \u2013 </span><span class=\"f charStyle-50993fa8 ps16395\" style=\"width:85.89pt\">Investments in Associates</span><span class=\"f charStyle-50993fa8 ps16396\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-50993fa8 ps16397\" style=\"width:47.45pt\">Joint Ventures</span><span class=\"f charStyle-24b91321 ps16377\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">those policies. Investments in associates are accounted for using the equity method from the date that significant influence commences until the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">date that significant influence ceases. When the Group\u2019s share of losses of an associate, if any, exceeds the carrying amount of the associate in</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">the Group\u2019s statement of financial position, the carrying amount is reduced to nil and recognition of further losses is discontinued except to the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7240 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:238.93pt\">extent that the Group has incurred obligations in respect of the associate.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-500": {
   "value": "<div class=\"ps629 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Joint ventures</span></div><div class=\"ps631 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12344 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">arrangement. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">activities require unanimous consent of the parties sharing control. Investments in joint ventures are accounted for using the equity method from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2879 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:248.34pt\">the date that joint control commences until the date that joint control ceases.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-502": {
   "value": "<div class=\"ps16394 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Associates</span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:323.53pt\">Associates are enterprises over which the Group has significant influence. As defined in IAS 28 \u2013 </span><span class=\"f charStyle-50993fa8 ps16395\" style=\"width:85.89pt\">Investments in Associates</span><span class=\"f charStyle-50993fa8 ps16396\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-50993fa8 ps16397\" style=\"width:47.45pt\">Joint Ventures</span><span class=\"f charStyle-24b91321 ps16377\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">those policies. Investments in associates are accounted for using the equity method from the date that significant influence commences until the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">date that significant influence ceases. When the Group\u2019s share of losses of an associate, if any, exceeds the carrying amount of the associate in</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">the Group\u2019s statement of financial position, the carrying amount is reduced to nil and recognition of further losses is discontinued except to the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7240 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:238.93pt\">extent that the Group has incurred obligations in respect of the associate.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-505": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments in other companies<span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Investments in other companies are measured at fair value. With reference to equity investments for which there is no quoted market price in an</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">active market and there is insufficient financial information in order to determine fair value, cost is used as an estimate of fair value, as permitted</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.93pt\">by IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16398\" style=\"width:71.45pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps7920\" style=\"width:359.65pt\">. The Group may irrevocably elect to present subsequent changes in the investment\u2019s fair value in other</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">comprehensive income upon the initial recognition of an equity investment that is not held to sell. This election is made on an investment-by-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">investment basis. Dividends received from these investments are included in Other income/(expenses) from investments unless they are basically</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:398.68pt\">a repayment of the initial investment (in case of investments measured at fair value through other comprehensive income).</span></div><div class=\"ps16522 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Financial instruments</span></div><div class=\"ps8661 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Presentation<span class=\"f ps13\"> </span></span></div><div class=\"ps8662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:450.32pt\">Financial instruments held by the Group are presented and measured in the financial statements as described in the following paragraphs.</span></div><div class=\"ps3088 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Investments and other non-current financial assets comprise investments in unconsolidated companies and other non-current financial assets</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.48pt\">(securities, and other non-current financial receivables).<span class=\"f ps13\"> </span></span></div><div class=\"ps16524 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Current financial assets include trade receivables, receivables from financing activities (retail financing, dealer financing, lease financing and other</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">current loans to third parties), current securities and other current financial assets (which include derivative financial instruments stated at fair</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.74pt\">value as assets), as well as cash and cash equivalents.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Current securities include short-term or marketable securities which represent temporary investments of available funds and do not satisfy the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.96pt\">requirements for being classified as cash equivalents.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial liabilities refer to debt, which includes asset-backed financing, and derivative liabilities (which include derivative financial instruments</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:219.98pt\">stated at fair value as liabilities), trade payables and other liabilities.</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Measurement</span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Investments in unconsolidated companies classified as non-current financial assets are accounted for as described in the paragraph \u201cBasis of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2847 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.52pt\">consolidation\u201d.</span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.99pt\">In accordance with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16526\" style=\"width:70.38pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16527\" style=\"width:310.66pt\">, financial assets are classified as measured at either amortized cost (\u201cAC\u201d), fair value through</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">other comprehensive income (\u201cFVTOCI\u201d) or fair value through profit or loss (\u201cFVTPL\u201d), depending on the business model for managing such<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">financial assets and the asset\u2019s contractual cash flow characteristics. Financial liabilities are classified as measured at amortized cost using the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">effective interest method.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial assets and current securities acquired through a regular way purchase are recognised on the basis of the settlement date and, on initial</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">recognition, are measured at fair value, including transaction costs where applicable. Subsequent measurement depends on the business model</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:225.82pt\">for managing the asset and the cash flow characteristics of the asset.</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">measured at amortized cost using the effective interest method. Receivables with maturities of over one year which bear no interest or an interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.06pt\">rate significantly lower than market rates are discounted using market rates.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows and for selling the financial assets, where the asset\u2019s cash flows represent solely</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">payments of principal and interests, are measured at fair value through other comprehensive income. Gains and losses on assets measured at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">fair value through other comprehensive income are recognised directly in other comprehensive income until the financial asset is disposed of or is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">determined to be impaired; when the asset is disposed of, the cumulative gains or losses, including those previously recognised in other</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">comprehensive income, are reclassified to profit or loss; when the asset is impaired, impairment losses are recognised to profit or loss. Interest</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:214.68pt\">income from these financial assets is included in financial income.</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">As a result of the Group's business model, trade receivables and receivables from financing activities are subsequently measured at amortized<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.18pt\">cost. The recognition of an impairment is based on expected credit losses.</span></div><div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div><div class=\"ps12338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Derivatives financial assets and liabilities are measured either at fair value through other comprehensive income (when in a hedging relationship)</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:267.39pt\">or at fair value through profit or loss (see \"Derivative financial instruments\" below).</span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets and liabilities hedged by derivative instruments are measured in accordance with hedge accounting principles applicable to fair</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps7982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">value hedges: gains and losses arising from remeasurement at fair value, due to changes in the respective hedged risk, are recognised in profit or</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.37pt\">loss and are offset by the effective portion of the loss or gain arising from remeasurement at fair value of the hedging instrument.</span></div><div class=\"ps2867 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Derivative financial instruments</span></div><div class=\"ps2869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Derivative financial instruments are used for hedging purposes, in order to reduce currency, interest rate and market price risks. In accordance</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.92pt\">with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16528\" style=\"width:70.12pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16529\" style=\"width:360.98pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the hedge, there is</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">formal designation and documentation of the hedging relationship and the entity\u2019s risk management objective and strategy for undertaking the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">hedge, there is an economic relationship between the hedging instrument and the hedged item, credit risk does not dominate the value changes</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">that result from the economic relationship, and the hedging ratio in the hedging relationship reflects the actual quantity of the hedging instruments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.59pt\">and the hedged item. Further details on qualifying criteria are included in Note </span><span class=\"f charStyle-24b91321 ps16530\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16531\" style=\"width:185.95pt\"> \u201cDerivative assets and derivative liabilities\u201d and Note </span><span class=\"f charStyle-24b91321 ps16532\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.35pt\">\u201cInformation on financial risks\u201d.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.75pt\">When derivative financial instruments qualify for hedge accounting, the following accounting treatment applies:</span></div><div class=\"ps6079 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:57.14pt\">fair value hedges</span><span class=\"f charStyle-24b91321 ps16533\" style=\"width:411.78pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to changes in fair value of a recognised</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">asset or liability that is attributable to a particular risk and could affect profit or loss, the gain or loss from remeasuring the hedging instrument at</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps1261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">fair value is recognised in profit or loss. The gain or loss on the hedged item attributable to the hedged risk adjusts the carrying amount of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:150.37pt\">hedged item and is recognised in profit or loss</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:58.73pt\">cash flow hedges</span><span class=\"f charStyle-24b91321 ps16534\" style=\"width:410.27pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to variability in future cash flows of a</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">recognised asset or liability or a highly probable forecasted transaction and could affect profit or loss, the effective portion of any gain or loss on</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the derivative financial instrument is recognised directly in other comprehensive income in the cash flow hedge reserve. The cumulative gain or</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">loss is removed from other comprehensive income and recognised in profit or loss at the same time as the economic effect arising from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">hedged item affects income. The gain or loss associated with a hedge or part of a hedge that has become ineffective is recognised in profit or</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.86pt\">loss immediately. When a hedging instrument or hedge relationship is terminated but the hedged transaction is still expected to occur, the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">cumulative gain or loss realised to the point of termination remains in other comprehensive income and is recognised in profit or loss at the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">same time as the underlying transaction occurs. If the hedged transaction is no longer probable, the cumulative unrealised gain or loss held in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:233.51pt\">other comprehensive income is recognised in profit or loss immediately.</span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">If hedge accounting cannot be applied, the gains or losses from the fair value measurement of derivative financial instruments are recognised</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.33pt\">immediately in profit or loss.</span></div><div class=\"ps545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Transfers of financial assets</span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The Group derecognises financial assets when the contractual rights to the cash flows arising from the assets are no longer held or if it transfers<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.15pt\">the financial activities, as follows:</span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">if the Group transfers substantially all the risks and rewards of ownership of the financial asset, it derecognises the financial asset and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:369.16pt\">recognises separately as assets or liabilities any possible rights and obligations created or retained in the transfer</span></div><div class=\"ps497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:444.58pt\">if the Group retains substantially all the risks and rewards of ownership of the financial asset, it continues to recognise the financial asset</span></div><div class=\"ps1276 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">if the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset, it determines whether it has</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.51pt\">retained control of the financial asset. In this case:</span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:461.74pt\">if the Group has not maintained control, it derecognises the financial asset and recognises separately as assets and liabilities any possible</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps575\" style=\"width:180.69pt\">rights and obligations created or retained in the transfer</span></div><div class=\"ps2857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:458.15pt\">if the Group has retained control, it continues to recognise the financial asset to the extent of its continuing involvement in the financial asset.</span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">On derecognition of a financial asset, the difference between the carrying amount of the asset and the consideration received or receivable for the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:162.67pt\">transfer of the asset is recognised in profit or loss.</span></div><div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-504": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments in other companies<span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Investments in other companies are measured at fair value. With reference to equity investments for which there is no quoted market price in an</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">active market and there is insufficient financial information in order to determine fair value, cost is used as an estimate of fair value, as permitted</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.93pt\">by IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16398\" style=\"width:71.45pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps7920\" style=\"width:359.65pt\">. The Group may irrevocably elect to present subsequent changes in the investment\u2019s fair value in other</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">comprehensive income upon the initial recognition of an equity investment that is not held to sell. This election is made on an investment-by-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">investment basis. Dividends received from these investments are included in Other income/(expenses) from investments unless they are basically</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:398.68pt\">a repayment of the initial investment (in case of investments measured at fair value through other comprehensive income).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-503": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments in other companies<span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Investments in other companies are measured at fair value. With reference to equity investments for which there is no quoted market price in an</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">active market and there is insufficient financial information in order to determine fair value, cost is used as an estimate of fair value, as permitted</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.93pt\">by IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16398\" style=\"width:71.45pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps7920\" style=\"width:359.65pt\">. The Group may irrevocably elect to present subsequent changes in the investment\u2019s fair value in other</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">comprehensive income upon the initial recognition of an equity investment that is not held to sell. This election is made on an investment-by-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">investment basis. Dividends received from these investments are included in Other income/(expenses) from investments unless they are basically</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:398.68pt\">a repayment of the initial investment (in case of investments measured at fair value through other comprehensive income).</span></div><div class=\"ps16522 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Financial instruments</span></div><div class=\"ps8661 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Presentation<span class=\"f ps13\"> </span></span></div><div class=\"ps8662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:450.32pt\">Financial instruments held by the Group are presented and measured in the financial statements as described in the following paragraphs.</span></div><div class=\"ps3088 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Investments and other non-current financial assets comprise investments in unconsolidated companies and other non-current financial assets</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.48pt\">(securities, and other non-current financial receivables).<span class=\"f ps13\"> </span></span></div><div class=\"ps16524 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Current financial assets include trade receivables, receivables from financing activities (retail financing, dealer financing, lease financing and other</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">current loans to third parties), current securities and other current financial assets (which include derivative financial instruments stated at fair</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.74pt\">value as assets), as well as cash and cash equivalents.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Current securities include short-term or marketable securities which represent temporary investments of available funds and do not satisfy the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.96pt\">requirements for being classified as cash equivalents.</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Measurement</span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Investments in unconsolidated companies classified as non-current financial assets are accounted for as described in the paragraph \u201cBasis of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2847 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.52pt\">consolidation\u201d.</span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.99pt\">In accordance with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16526\" style=\"width:70.38pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16527\" style=\"width:310.66pt\">, financial assets are classified as measured at either amortized cost (\u201cAC\u201d), fair value through</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">other comprehensive income (\u201cFVTOCI\u201d) or fair value through profit or loss (\u201cFVTPL\u201d), depending on the business model for managing such<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">financial assets and the asset\u2019s contractual cash flow characteristics. Financial liabilities are classified as measured at amortized cost using the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">effective interest method.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial assets and current securities acquired through a regular way purchase are recognised on the basis of the settlement date and, on initial</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">recognition, are measured at fair value, including transaction costs where applicable. Subsequent measurement depends on the business model</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:225.82pt\">for managing the asset and the cash flow characteristics of the asset.</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">measured at amortized cost using the effective interest method. Receivables with maturities of over one year which bear no interest or an interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.06pt\">rate significantly lower than market rates are discounted using market rates.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows and for selling the financial assets, where the asset\u2019s cash flows represent solely</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">payments of principal and interests, are measured at fair value through other comprehensive income. Gains and losses on assets measured at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">fair value through other comprehensive income are recognised directly in other comprehensive income until the financial asset is disposed of or is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">determined to be impaired; when the asset is disposed of, the cumulative gains or losses, including those previously recognised in other</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">comprehensive income, are reclassified to profit or loss; when the asset is impaired, impairment losses are recognised to profit or loss. Interest</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:214.68pt\">income from these financial assets is included in financial income.</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">As a result of the Group's business model, trade receivables and receivables from financing activities are subsequently measured at amortized<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.18pt\">cost. The recognition of an impairment is based on expected credit losses.</span></div><div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div><div class=\"ps545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Transfers of financial assets</span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The Group derecognises financial assets when the contractual rights to the cash flows arising from the assets are no longer held or if it transfers<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.15pt\">the financial activities, as follows:</span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">if the Group transfers substantially all the risks and rewards of ownership of the financial asset, it derecognises the financial asset and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:369.16pt\">recognises separately as assets or liabilities any possible rights and obligations created or retained in the transfer</span></div><div class=\"ps497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:444.58pt\">if the Group retains substantially all the risks and rewards of ownership of the financial asset, it continues to recognise the financial asset</span></div><div class=\"ps1276 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">if the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset, it determines whether it has</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.51pt\">retained control of the financial asset. In this case:</span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:461.74pt\">if the Group has not maintained control, it derecognises the financial asset and recognises separately as assets and liabilities any possible</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps575\" style=\"width:180.69pt\">rights and obligations created or retained in the transfer</span></div><div class=\"ps2857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:458.15pt\">if the Group has retained control, it continues to recognise the financial asset to the extent of its continuing involvement in the financial asset.</span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">On derecognition of a financial asset, the difference between the carrying amount of the asset and the consideration received or receivable for the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:162.67pt\">transfer of the asset is recognised in profit or loss.</span></div><div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-506": {
   "value": "<div class=\"ps3658 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Foreign currency transactions</span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Transactions in foreign currencies are recorded at the foreign exchange rate prevailing at the date of the transaction. Monetary assets and</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate prevailing at that date. Exchange</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">differences arising on the settlement of monetary items or on reporting monetary items at rates different from those at which they were initially</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321\"><span class=\"ps18\" style=\"width:304.82pt\">recorded during the period or in previous financial statements, are recognised in profit or loss.<span style=\"display:inline-block;height:6.55pt;width:19.18pt\"></span></span></span></div><div class=\"ps3323 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Consolidation of foreign entities</span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">All assets and liabilities of subsidiaries with a functional currency other than the euro are translated using the exchange rates in effect at the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">balance sheet date. Income and expenses are translated at the average exchange rate for the period. Translation differences resulting from the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">application of this method are classified as equity until the disposal of the investment. Average rates of exchange are used to translate the cash</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1280 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:268.38pt\">flows of foreign subsidiaries in preparing the consolidated statement of cash flows.</span></div><div class=\"ps1171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The goodwill, assets acquired and liabilities assumed arising from the acquisition of entities with a functional currency other than the euro are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">recognised in the functional currency and translated at the exchange rate at the acquisition date. These balances are subsequently retranslated at</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.94pt\">the exchange rate at the balance sheet date.</span></div><div class=\"ps4113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.98pt\">The Group applies IAS 29 - </span><span class=\"f charStyle-50993fa8 ps16399\" style=\"width:166.61pt\">Financial reporting in hyperinflationary economies</span><span class=\"f charStyle-24b91321 ps16400\" style=\"width:211.34pt\"> for its subsidiaries that prepare their financial statements in a</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">functional currency of a hyperinflationary economy. According to this standard, at the reporting date, the amount of non-monetary assets and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps8395 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">liabilities is redetermined using a general price index before being translated into euro. The financial statements of these subsidiaries are then</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1286 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.65pt\">translated at the closing spot rate.</span></div><div class=\"ps1288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:459.34pt\">The principal exchange rates used to translate into euros the financial statements prepared in currencies other than the euro were as follows:</span></div><div class=\"ps16438 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:178.5pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16402 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps15308 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16404 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps9995 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">U.S. dollar<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16405 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.130<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16406 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.175<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16407 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.082<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Pound sterling<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16409 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.857<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15310 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16410 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.847<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.829<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Swiss franc<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16412 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.937<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15314 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.931<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16413 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16414 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.941<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Brazilian real<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16415 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.306<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15317 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.469<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16416 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">5.830<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16417 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Polish Zloty<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16418 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.240<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16419 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.227<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16420 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.307<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16421 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.273<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Czech Koruna<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16422 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.688<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16423 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16424 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16425 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Argentine peso</span><span class=\"f charStyle-a5ada9bf ps16426\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16428 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16429 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16431 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16432 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Turkish lira</span><span class=\"f charStyle-a5ada9bf ps16433\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16434 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16435 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16436 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16437 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16439 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7\"><span class=\"ps18\" style=\"width:7.01pt\">(1)<span style=\"display:inline-block;height:5.09pt;width:1.99pt\"></span></span><span class=\"ps903\" style=\"width:467.1pt\">From 1 July 2018, Argentina\u2019s economy was considered to be hyperinflationary. After the same date, transactions for entities with the Argentine peso as the functional currency were</span></span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps16440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.83pt\">translated using the closing spot rate. Starting from 1 January 2025, this entity changed its functional currency from the Argentine peso to the U.S. dollar, as a consequence, IAS 29 is</span><span class=\"f charStyle-5ad4a1b7 ps2675\" style=\"width:1.59pt\"> </span></div><div class=\"ps16441 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:123.97pt\">no longer applicable in Argentina since that date.</span></div><div class=\"ps16442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:476.07pt\">(2) As of 30 June 2022, the Company applied the hyperinflationary accounting in T\u00fcrkiye, with effect from 1 January 2022. After 1 January 2022, according to IAS 29, transactions for</span><span class=\"f charStyle-5ad4a1b7 ps356\" style=\"width:1.59pt\"> </span></div><div class=\"ps16443 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:246.63pt\">entities with the Turkish lira as the functional currency were translated using the closing spot rate.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-507": {
   "value": "<div class=\"ps4113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.98pt\">The Group applies IAS 29 - </span><span class=\"f charStyle-50993fa8 ps16399\" style=\"width:166.61pt\">Financial reporting in hyperinflationary economies</span><span class=\"f charStyle-24b91321 ps16400\" style=\"width:211.34pt\"> for its subsidiaries that prepare their financial statements in a</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">functional currency of a hyperinflationary economy. According to this standard, at the reporting date, the amount of non-monetary assets and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps8395 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">liabilities is redetermined using a general price index before being translated into euro. The financial statements of these subsidiaries are then</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1286 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.65pt\">translated at the closing spot rate.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHyperinflationaryReportingExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-509": {
   "value": "<div class=\"ps1288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:459.34pt\">The principal exchange rates used to translate into euros the financial statements prepared in currencies other than the euro were as follows:</span></div><div class=\"ps16438 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:178.5pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16402 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps15308 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16404 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps9995 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">U.S. dollar<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16405 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.130<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16406 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.175<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16407 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.082<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Pound sterling<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16409 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.857<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15310 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16410 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.847<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.829<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Swiss franc<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16412 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.937<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15314 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.931<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16413 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16414 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.941<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Brazilian real<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16415 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.306<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15317 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.469<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16416 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">5.830<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16417 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Polish Zloty<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16418 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.240<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16419 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.227<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16420 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.307<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16421 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.273<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Czech Koruna<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16422 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.688<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16423 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16424 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16425 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Argentine peso</span><span class=\"f charStyle-a5ada9bf ps16426\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16428 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16429 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16431 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16432 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Turkish lira</span><span class=\"f charStyle-a5ada9bf ps16433\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16434 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16435 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16436 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16437 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16439 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7\"><span class=\"ps18\" style=\"width:7.01pt\">(1)<span style=\"display:inline-block;height:5.09pt;width:1.99pt\"></span></span><span class=\"ps903\" style=\"width:467.1pt\">From 1 July 2018, Argentina\u2019s economy was considered to be hyperinflationary. After the same date, transactions for entities with the Argentine peso as the functional currency were</span></span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps16440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.83pt\">translated using the closing spot rate. Starting from 1 January 2025, this entity changed its functional currency from the Argentine peso to the U.S. dollar, as a consequence, IAS 29 is</span><span class=\"f charStyle-5ad4a1b7 ps2675\" style=\"width:1.59pt\"> </span></div><div class=\"ps16441 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:123.97pt\">no longer applicable in Argentina since that date.</span></div><div class=\"ps16442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:476.07pt\">(2) As of 30 June 2022, the Company applied the hyperinflationary accounting in T\u00fcrkiye, with effect from 1 January 2022. After 1 January 2022, according to IAS 29, transactions for</span><span class=\"f charStyle-5ad4a1b7 ps356\" style=\"width:1.59pt\"> </span></div><div class=\"ps16443 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:246.63pt\">entities with the Turkish lira as the functional currency were translated using the closing spot rate.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-508": {
   "value": "<div class=\"ps1288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:459.34pt\">The principal exchange rates used to translate into euros the financial statements prepared in currencies other than the euro were as follows:</span></div><div class=\"ps16438 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:178.5pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16402 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps15308 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16404 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16401\">Average 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps9995 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">U.S. dollar<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16405 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.130<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16406 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.175<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16407 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.082<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1.039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Pound sterling<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16409 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.857<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15310 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16410 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.847<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.829<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Swiss franc<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16412 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.937<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15314 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.931<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16413 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16414 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">0.941<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Brazilian real<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16415 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.306<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15317 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.469<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16416 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">5.830<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16417 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">6.435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Polish Zloty<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16418 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.240<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16419 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.227<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16420 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.307<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16421 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9683\">4.273<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-bd419927 ps22\">Czech Koruna<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16422 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.688<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16423 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">24.237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16424 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16425 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">25.185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Argentine peso</span><span class=\"f charStyle-a5ada9bf ps16426\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16428 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16429 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16431 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16432 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps16430\">1,070.806<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1299\"><div><div class=\"ps313 ss1298\"><span class=\"f charStyle-3769e72f ps22\">Turkish lira</span><span class=\"f charStyle-a5ada9bf ps16433\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16434 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16435 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">50.331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16436 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16437 ss673\"><div><div class=\"ps315 ss667\"><span class=\"f charStyle-bd419927 ps9704\">36.769<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16439 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7\"><span class=\"ps18\" style=\"width:7.01pt\">(1)<span style=\"display:inline-block;height:5.09pt;width:1.99pt\"></span></span><span class=\"ps903\" style=\"width:467.1pt\">From 1 July 2018, Argentina\u2019s economy was considered to be hyperinflationary. After the same date, transactions for entities with the Argentine peso as the functional currency were</span></span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps16440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.83pt\">translated using the closing spot rate. Starting from 1 January 2025, this entity changed its functional currency from the Argentine peso to the U.S. dollar, as a consequence, IAS 29 is</span><span class=\"f charStyle-5ad4a1b7 ps2675\" style=\"width:1.59pt\"> </span></div><div class=\"ps16441 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:123.97pt\">no longer applicable in Argentina since that date.</span></div><div class=\"ps16442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:476.07pt\">(2) As of 30 June 2022, the Company applied the hyperinflationary accounting in T\u00fcrkiye, with effect from 1 January 2022. After 1 January 2022, according to IAS 29, transactions for</span><span class=\"f charStyle-5ad4a1b7 ps356\" style=\"width:1.59pt\"> </span></div><div class=\"ps16443 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:246.63pt\">entities with the Turkish lira as the functional currency were translated using the closing spot rate.</span></div><div class=\"ps16444 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Business combinations</span></div><div class=\"ps16445 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:316.36pt\">Business combinations are accounted for by applying the acquisition method. Under this method:<span class=\"f ps13\"> </span></span></div><div class=\"ps16446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">the consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16447 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">values of the assets transferred and liabilities assumed by the Group and the equity interests issued in exchange for control of the acquiree.<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16448 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:251.13pt\">Acquisition-related costs are generally recognised in profit or loss as incurred</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">at the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fair value at that date, except for</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">deferred tax assets and liabilities, assets and liabilities relating to employee benefit arrangements, liabilities or equity instruments relating to</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">payment arrangements of the acquire, assets (or disposal groups) that are classified as held for sale, which are measured in accordance with</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:69.26pt\">the relevant standard</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.9pt\">goodwill is measured as the excess of the aggregate of the consideration transferred in the business combination, the amount of any non-</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">controlling interest in the acquiree and the fair value of the acquirer's previously held equity interest in the acquiree (if any) over the net of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">acquisition-date amounts of the identifiable assets acquired and the liabilities assumed. If the net of the acquisition-date amounts of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">identifiable assets acquired and liabilities assumed exceeds the aggregate of the consideration transferred, the amount of any non-controlling</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">interest in the acquiree and the fair value of the acquirer's previously held interest in the acquiree (if any), the excess is recognised immediately</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:161.84pt\">in profit or loss as a gain from a bargain purchase<span class=\"f ps13\"> </span></span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">non-controlling interest is initially measured either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree's</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:363.47pt\">identifiable net assets. The selection of the measurement method is made on a transaction-by-transaction basis</span></div><div class=\"ps1378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">any contingent consideration arrangement in the business combination is measured at its acquisition-date fair value and included as part of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">consideration transferred in the business combination in order to determine goodwill. Changes in the fair value of the contingent consideration</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">that qualify as measurement period adjustments are recognised retrospectively, with corresponding adjustments to goodwill. Measurement</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">period adjustments are adjustments that arise from additional information obtained during the \u2018measurement period\u2019 (which may not exceed one</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">year from the acquisition date) about facts and circumstances that existed as of the acquisition date. Any changes in fair value after the</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.43pt\">measurement period are recognised in profit or loss.</span></div><div class=\"ps1387 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">When a business combination is achieved in stages, the Group's previously held equity interest in the acquiree is remeasured at its acquisition-</span></div><div class=\"ps4258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">date fair value and the resulting gain or loss, if any, is recognised in profit or loss. Changes in the equity interest in the acquiree that have been</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:454.79pt\">recognised in Other comprehensive income in prior reporting periods are reclassified to profit or loss as if the interest had been disposed of.</span></div><div class=\"ps1390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">reports provisional amounts for the items for which the accounting is incomplete in the Consolidated Financial Statements. Those provisional</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">amounts are adjusted during the above-mentioned measurement period to reflect new information obtained about facts and circumstances that</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div>existed at the acquisition date which, if known, would have affected the amounts recognised at that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-510": {
   "value": "<div class=\"ps16444 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Business combinations</span></div><div class=\"ps16445 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:316.36pt\">Business combinations are accounted for by applying the acquisition method. Under this method:<span class=\"f ps13\"> </span></span></div><div class=\"ps16446 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">the consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16447 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">values of the assets transferred and liabilities assumed by the Group and the equity interests issued in exchange for control of the acquiree.<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16448 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:251.13pt\">Acquisition-related costs are generally recognised in profit or loss as incurred</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">at the acquisition date, the identifiable assets acquired and the liabilities assumed are recognised at their fair value at that date, except for</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">deferred tax assets and liabilities, assets and liabilities relating to employee benefit arrangements, liabilities or equity instruments relating to</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">share-based payment arrangements of the acquiree or share-based payment arrangements of the Group entered into to replace share-based</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">payment arrangements of the acquire, assets (or disposal groups) that are classified as held for sale, which are measured in accordance with</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:69.26pt\">the relevant standard</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.9pt\">goodwill is measured as the excess of the aggregate of the consideration transferred in the business combination, the amount of any non-</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">controlling interest in the acquiree and the fair value of the acquirer's previously held equity interest in the acquiree (if any) over the net of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">acquisition-date amounts of the identifiable assets acquired and the liabilities assumed. If the net of the acquisition-date amounts of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">identifiable assets acquired and liabilities assumed exceeds the aggregate of the consideration transferred, the amount of any non-controlling</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">interest in the acquiree and the fair value of the acquirer's previously held interest in the acquiree (if any), the excess is recognised immediately</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:161.84pt\">in profit or loss as a gain from a bargain purchase<span class=\"f ps13\"> </span></span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">non-controlling interest is initially measured either at fair value or at the non-controlling interest\u2019s proportionate share of the acquiree's</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:363.47pt\">identifiable net assets. The selection of the measurement method is made on a transaction-by-transaction basis</span></div><div class=\"ps1378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">any contingent consideration arrangement in the business combination is measured at its acquisition-date fair value and included as part of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">consideration transferred in the business combination in order to determine goodwill. Changes in the fair value of the contingent consideration</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">that qualify as measurement period adjustments are recognised retrospectively, with corresponding adjustments to goodwill. Measurement</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">period adjustments are adjustments that arise from additional information obtained during the \u2018measurement period\u2019 (which may not exceed one</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">year from the acquisition date) about facts and circumstances that existed as of the acquisition date. Any changes in fair value after the</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.43pt\">measurement period are recognised in profit or loss.</span></div><div class=\"ps1387 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">When a business combination is achieved in stages, the Group's previously held equity interest in the acquiree is remeasured at its acquisition-</span></div><div class=\"ps4258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">date fair value and the resulting gain or loss, if any, is recognised in profit or loss. Changes in the equity interest in the acquiree that have been</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:454.79pt\">recognised in Other comprehensive income in prior reporting periods are reclassified to profit or loss as if the interest had been disposed of.</span></div><div class=\"ps1390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">reports provisional amounts for the items for which the accounting is incomplete in the Consolidated Financial Statements. Those provisional</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4409 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">amounts are adjusted during the above-mentioned measurement period to reflect new information obtained about facts and circumstances that</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div>existed at the acquisition date which, if known, would have affected the amounts recognised at that date.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-511": {
   "value": "<span class=\"f charStyle-24b91321 ps671\" style=\"width:468.9pt\">goodwill is measured as the excess of the aggregate of the consideration transferred in the business combination, the amount of any non-</span><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">controlling interest in the acquiree and the fair value of the acquirer's previously held equity interest in the acquiree (if any) over the net of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">acquisition-date amounts of the identifiable assets acquired and the liabilities assumed. If the net of the acquisition-date amounts of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">identifiable assets acquired and liabilities assumed exceeds the aggregate of the consideration transferred, the amount of any non-controlling</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">interest in the acquiree and the fair value of the acquirer's previously held interest in the acquiree (if any), the excess is recognised immediately</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:161.84pt\">in profit or loss as a gain from a bargain purchase<span class=\"f ps13\"> </span></span></div><div class=\"ps3157 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Goodwill</span></div><div class=\"ps16453 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Goodwill is not amortized but is tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16454 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:337.97pt\">impaired. After initial recognition, goodwill is measured at cost less any accumulated impairment losses.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-512": {
   "value": "<span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">any contingent consideration arrangement in the business combination is measured at its acquisition-date fair value and included as part of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">consideration transferred in the business combination in order to determine goodwill. Changes in the fair value of the contingent consideration</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">that qualify as measurement period adjustments are recognised retrospectively, with corresponding adjustments to goodwill. Measurement</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">period adjustments are adjustments that arise from additional information obtained during the \u2018measurement period\u2019 (which may not exceed one</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">year from the acquisition date) about facts and circumstances that existed as of the acquisition date. Any changes in fair value after the</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.43pt\">measurement period are recognised in profit or loss.</span></div><div class=\"ps16593 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Contingent liabilities</span></div><div class=\"ps16594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group is the subject of legal proceedings and tax issues covering a range of matters, which are pending in various jurisdictions. Due to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">uncertainty inherent in such matters, it is difficult to predict the final outcome of such matters. The cases and claims against Iveco Group often</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16596 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">raise difficult and complex factual and legal issues, which are subject to many uncertainties, including but not limited to the facts and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">circumstances of each particular case and claim, the jurisdiction and the differences in applicable law. In the normal course of business</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">management consults with legal counsel and other experts on matters related to litigation and taxes. The Group accrues a liability when it is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16599 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">determined that an adverse outcome is probable, and the amount of the loss can be reasonably estimated. In the event an adverse outcome is</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.55pt\">possible, or an estimate is not determinable, the matter is disclosed. See Note 27 \"Commitments and contingencies\" for additional details.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-513": {
   "value": "<div class=\"ps5543 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Fair value measurement</span></div><div class=\"ps5544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Some of the Group\u2019s assets and liabilities are measured at fair value at the balance sheet date. Fair value is the price that would be received to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:392.11pt\">sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.</span></div><div class=\"ps513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">In estimating the fair value of an asset or a liability, the Group uses valuation techniques that are appropriate in the circumstances and for which</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps514 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">inputs. Additional information about fair value, fair value hierarchy, valuation techniques and inputs used in determining the fair value of assets</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:107.37pt\">and liabilities is provided in Note </span><span class=\"f charStyle-24b91321 ps16449\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16450\" style=\"width:21.74pt\">, Note </span><span class=\"f charStyle-24b91321 ps16451\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps16452\" style=\"width:330.38pt\"> and, where required, in the individual notes relating to the assets and liabilities whose fair value were</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.92pt\">determined.</span></div><div class=\"ps519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">In addition, fair value measurements are categorised within the fair value hierarchy, described as follows, based on the degree to which the inputs</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:406.49pt\">to the fair value measurements are observable and the significance of the inputs to the fair value measurement in its entirety:</span></div><div class=\"ps1252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:450.74pt\">Level 1 \u2014 quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date</span></div><div class=\"ps1253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">Level 2 \u2014 inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (as prices) or</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps6265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:145.82pt\">indirectly (derived from prices) on the market</span></div><div class=\"ps7610 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:207.79pt\">Level 3 \u2014 inputs that are not based on observable market data.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-514": {
   "value": "<div class=\"ps2874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Intangible assets</span></div><div class=\"ps3157 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Goodwill</span></div><div class=\"ps16453 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Goodwill is not amortized but is tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16454 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:337.97pt\">impaired. After initial recognition, goodwill is measured at cost less any accumulated impairment losses.</span></div><div class=\"ps16455 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps16456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Development costs for vehicle production project (trucks, buses, defence vehicles and engines) are recognised as an asset if and only if both of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">the following conditions are met: a) development costs can be measured reliably, b) the technical feasibility of the product, volumes and pricing</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">support the view that the development expenditure will generate future economic benefits, and c) the intention to complete the intangible asset, as</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">well as d) the availability of adequate technical, financial and other resources for this purpose. Capitalised development costs include all direct</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">and indirect costs that may be directly attributed to the development process. Capitalised development costs are amortized on a systematic basis</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps647 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.14pt\">from the start of production of the related product over the product\u2019s estimated average life, as follows:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:358.5pt\"></td><td style=\"padding:0;width:120pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss1301\"><div><div class=\"ps961 ss1300\"><span class=\"f charStyle-81df793a ps16462\">N\u00b0 of years<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Trucks, buses and defence vehicles<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16464 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">4-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Engines<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16465 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">2-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:177.85pt\">All other development costs are expensed as incurred.</span></div><div class=\"ps16467 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Intangible assets with indefinite useful lives</span></div><div class=\"ps16468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Intangible assets with indefinite useful lives principally consist of acquired trademarks which have no legal, regulatory, contractual, competitive,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16469 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">economic, or other factor that limits their useful life.\u00a0Intangible assets with an indefinite useful life are not amortized but are tested for impairment</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12110 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.88pt\">annually or more frequently whenever there is an indication that the asset may be impaired.</span></div><div class=\"ps12747 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other intangible assets</span></div><div class=\"ps12113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:380.6pt\">Other purchased and internally-generated intangible assets are recognised as assets in accordance with IAS\u00a038\u00a0\u2013\u00a0</span><span class=\"f charStyle-50993fa8 ps16470\" style=\"width:56.63pt\">Intangible Assets<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16471\" style=\"width:38.71pt\">, where it is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:433.99pt\">probable that the use of the asset will generate future economic benefits and where the costs of the asset can be determined reliably.<span class=\"f ps13\"> </span></span></div><div class=\"ps16472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Such assets are measured at purchase or manufacturing cost and amortized on a straight-line basis over their estimated useful lives, if these</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.53pt\">assets have finite useful lives.</span></div><div class=\"ps16474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Other intangible assets acquired as part of the acquisition of a business are capitalised separately from goodwill if their fair value can be</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:60.21pt\">measured reliably.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-516": {
   "value": "<div class=\"ps16455 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps16456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Development costs for vehicle production project (trucks, buses, defence vehicles and engines) are recognised as an asset if and only if both of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">the following conditions are met: a) development costs can be measured reliably, b) the technical feasibility of the product, volumes and pricing</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">support the view that the development expenditure will generate future economic benefits, and c) the intention to complete the intangible asset, as</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">well as d) the availability of adequate technical, financial and other resources for this purpose. Capitalised development costs include all direct</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">and indirect costs that may be directly attributed to the development process. Capitalised development costs are amortized on a systematic basis</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps647 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.14pt\">from the start of production of the related product over the product\u2019s estimated average life, as follows:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:358.5pt\"></td><td style=\"padding:0;width:120pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss1301\"><div><div class=\"ps961 ss1300\"><span class=\"f charStyle-81df793a ps16462\">N\u00b0 of years<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Trucks, buses and defence vehicles<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16464 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">4-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Engines<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16465 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">2-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:177.85pt\">All other development costs are expensed as incurred.</span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Research and development costs</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">This item includes research costs, development costs not eligible for capitalization and the amortisation of development costs recognised as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.66pt\">assets in accordance with IAS\u00a038.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-515": {
   "value": "<div class=\"ps16455 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps16456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Development costs for vehicle production project (trucks, buses, defence vehicles and engines) are recognised as an asset if and only if both of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16457 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">the following conditions are met: a) development costs can be measured reliably, b) the technical feasibility of the product, volumes and pricing</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16458 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">support the view that the development expenditure will generate future economic benefits, and c) the intention to complete the intangible asset, as</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16459 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">well as d) the availability of adequate technical, financial and other resources for this purpose. Capitalised development costs include all direct</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">and indirect costs that may be directly attributed to the development process. Capitalised development costs are amortized on a systematic basis</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps647 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.14pt\">from the start of production of the related product over the product\u2019s estimated average life, as follows:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:358.5pt\"></td><td style=\"padding:0;width:120pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss1301\"><div><div class=\"ps961 ss1300\"><span class=\"f charStyle-81df793a ps16462\">N\u00b0 of years<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Trucks, buses and defence vehicles<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16464 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">4-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1303\"><div><div class=\"ps313 ss1302\"><span class=\"f charStyle-bd419927 ps22\">Engines<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16465 ss349\"><div><div class=\"ps313 ss121\"><span class=\"f charStyle-bd419927 ps16463\">2-10<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:177.85pt\">All other development costs are expensed as incurred.</span></div><div class=\"ps16467 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Intangible assets with indefinite useful lives</span></div><div class=\"ps16468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Intangible assets with indefinite useful lives principally consist of acquired trademarks which have no legal, regulatory, contractual, competitive,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16469 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">economic, or other factor that limits their useful life.\u00a0Intangible assets with an indefinite useful life are not amortized but are tested for impairment</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12110 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.88pt\">annually or more frequently whenever there is an indication that the asset may be impaired.</span></div><div class=\"ps12747 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other intangible assets</span></div><div class=\"ps12113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:380.6pt\">Other purchased and internally-generated intangible assets are recognised as assets in accordance with IAS\u00a038\u00a0\u2013\u00a0</span><span class=\"f charStyle-50993fa8 ps16470\" style=\"width:56.63pt\">Intangible Assets<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16471\" style=\"width:38.71pt\">, where it is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:433.99pt\">probable that the use of the asset will generate future economic benefits and where the costs of the asset can be determined reliably.<span class=\"f ps13\"> </span></span></div><div class=\"ps16472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Such assets are measured at purchase or manufacturing cost and amortized on a straight-line basis over their estimated useful lives, if these</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.53pt\">assets have finite useful lives.</span></div><div class=\"ps16474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Other intangible assets acquired as part of the acquisition of a business are capitalised separately from goodwill if their fair value can be</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:60.21pt\">measured reliably.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-517": {
   "value": "<div class=\"ps16476 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Property, plant and equipment</span></div><div class=\"ps16477 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Cost<span class=\"f ps13\"> </span></span></div><div class=\"ps16478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.38pt\">Property, plant and equipment are stated at cost, less accumulated depreciation and accumulated impairment.</span></div><div class=\"ps16479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Subsequent expenditures and the cost of replacing parts of an asset are capitalised only if they increase the future economic benefits embodied</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">in that asset. All other expenditures are expensed as incurred. When such replacement costs are capitalised, the carrying amount of the parts that</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16481 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:138.47pt\">are replaced is recognised in profit or loss.</span></div><div class=\"ps12426 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Property, plant and equipment also include assets sold with a buy-back commitment, which are recognised under the method described in the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.21pt\">paragraph \u201cRevenue recognition\u201d.<span class=\"f ps13\"> </span></span></div><div class=\"ps16483 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Depreciation</span></div><div class=\"ps16484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:372.86pt\">Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows:</span></div><div class=\"ps16491 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:363pt\"></td><td style=\"padding:0;width:112.5pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss217\"><div><div class=\"ps313 ss9\"><span class=\"f charStyle-81df793a ps16485\">Depreciation rates<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Buildings<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16487 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16486\">3% - 10%<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Plant, machinery and equipment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16488 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16486\">8% - 25%<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Other assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16490 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16489\">12% - 30%<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:78.69pt\">Land is not depreciated.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-518": {
   "value": "<div class=\"ps16483 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Depreciation</span></div><div class=\"ps16484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:372.86pt\">Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows:</span></div><div class=\"ps16491 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:363pt\"></td><td style=\"padding:0;width:112.5pt\"></td></tr><tr style=\"height:14.25pt\"><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-left:1pt solid #ffffff;border-right:1pt solid #ffffff;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss217\"><div><div class=\"ps313 ss9\"><span class=\"f charStyle-81df793a ps16485\">Depreciation rates<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Buildings<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-right:1pt solid #ffffff;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16487 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16486\">3% - 10%<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Plant, machinery and equipment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16488 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16486\">8% - 25%<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1305\"><div><div class=\"ps313 ss1304\"><span class=\"f charStyle-bd419927 ps22\">Other assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16490 ss1307\"><div><div class=\"ps313 ss1306\"><span class=\"f charStyle-bd419927 ps16489\">12% - 30%<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:78.69pt\">Land is not depreciated.</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">After the commencement date, the right-of-use asset is measured at cost less any accumulated depreciation and any accumulated impairment<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses and adjusted for any remeasurement of the lease liability. The right-of-use asset is depreciated on a straight-line basis. If the lease</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">transfers ownership of the underlying asset to the Group by the end of the lease term or if the cost of the right-of-use asset reflects that the Group</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">will exercise a purchase option, Iveco Group depreciates the right-of-use asset from the commencement date to the end of the useful life of the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">underlying asset. Otherwise, the Group depreciates the right-of-use asset from the commencement date to the earlier of the end of the useful life</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">of the right-of-use asset or the end of the lease term. After the commencement date, the lease liability is increased to reflect the accretion of</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest, recognised within Financial expenses in the Income Statement, reduced for the lease payments made, and remeasured to reflect any</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:121.28pt\">reassessment or lease modifications.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-519": {
   "value": "<div class=\"ps16492 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Lease accounting policy</span></div><div class=\"ps16493 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Lessee accounting</span></div><div class=\"ps16494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">A lease is a contract that conveys the right to control the use of an identified asset (the leased asset) for a period of time in exchange for<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16495 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">consideration. The lease term determined by the Group comprises the non-cancellable period of lease contract together with both periods</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps7536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and periods covered by an option to terminate</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps7537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the lease if the lessee is reasonably certain not to exercise that option. For real estate leases, this assessment is based on an analysis by</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">management of all relevant facts and circumstances including the leased asset\u2019s purpose, the economic and practical potential for replacing and</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps7539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.76pt\">any plans that the Group has in place for the future use of the asset. The Group combines lease and non-lease components.</span></div><div class=\"ps16496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">For leases with terms not exceeding twelve months (short-term leases) and for leases of low-value assets, Iveco Group recognises the lease</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:423.73pt\">payments associated with those leases on a straight-line basis over the lease term as operating expense in the income statement.</span></div><div class=\"ps16498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">For all other leases, at the commencement date (i.e., the date the underlying asset is available for use), Iveco Group recognises a right-of-use</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16499 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:335.54pt\">asset, classified within Property, plant and equipment, and a lease liability, classified within Other Debt.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">At the commencement date, the right-of-use asset includes the amount of lease liability recognised, initial direct costs incurred, and lease</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">payments made at or before the commencement date less any lease incentives received. At the same date, the lease liability is measured at the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">present value of lease payments to be made over the lease term, discounted using the interest rate implicit in the lease or, if that rate cannot be</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">readily determined, the Group's incremental borrowing rate. The incremental borrowing rate is determined considering macro-economic factors</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">such as the specific interest rate curve based on the relevant currency and term, as well as specific factors contributing to Iveco Group\u2019s credit</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:349.03pt\">spread. The Group primarily uses the incremental borrowing rate as the discount rate for its lease liabilities.</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">After the commencement date, the right-of-use asset is measured at cost less any accumulated depreciation and any accumulated impairment<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses and adjusted for any remeasurement of the lease liability. The right-of-use asset is depreciated on a straight-line basis. If the lease</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">transfers ownership of the underlying asset to the Group by the end of the lease term or if the cost of the right-of-use asset reflects that the Group</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">will exercise a purchase option, Iveco Group depreciates the right-of-use asset from the commencement date to the end of the useful life of the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">underlying asset. Otherwise, the Group depreciates the right-of-use asset from the commencement date to the earlier of the end of the useful life</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">of the right-of-use asset or the end of the lease term. After the commencement date, the lease liability is increased to reflect the accretion of</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest, recognised within Financial expenses in the Income Statement, reduced for the lease payments made, and remeasured to reflect any</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2800 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:121.28pt\">reassessment or lease modifications.</span><span class=\"f charStyle-24b91321 ps16500\" style=\"width:2.05pt\"> </span></div><div class=\"ps16501 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Lessor accounting</span></div><div class=\"ps16502 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Lease contracts where Iveco Group acts as a lessor, can be classified as either an operating lease or finance lease. Leases where a significant</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16503 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">portion of the risks and rewards are retained by the lessor are classified as operating leases. Leases that transfer substantially all the risks and</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7188 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.55pt\">rewards incidental to ownership of an underlying asset to the lessee are classified as a finance leases.</span></div><div class=\"ps16504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Where Iveco Group is the lessor in a finance lease, the future minimum lease payments from lessees are classified as Receivables from financing</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">activities. Lease payments are recognised as repayment of the principal, and financial income remunerating the initial investment and the services<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:30.32pt\">provided.</span></div><div class=\"ps16507 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Where Iveco Group is the lessor in an operating lease, income from operating leases is recognised over the term of the lease on a straight-line</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16508 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">basis. Leased assets include vehicles leased to retail customers by the Group's leasing companies. They are stated at cost and depreciated at</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:128.71pt\">annual rates of between 20% and 33%.<span class=\"f ps13\"> </span></span></div><div class=\"ps16509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.51pt\">When leased assets are no longer leased and become held for sale, the Group reclassifies their carrying amount to Inventories.</span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Residual values of assets leased out under operating lease arrangements or sold with a buy-back commitment</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group records assets rented to customers or leased to them under operating lease as tangible assets. Furthermore, new vehicle sales with</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">a buy-back commitment are not recognised as sales at the time of delivery but are accounted for as operating lease if it is probable that the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">vehicle will be bought back. Income from such operating lease is recognised on a straight-line basis over the term of the lease. Depreciation</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">expense for assets subject to operating lease is recognised on a straight-line basis over the lease term in amounts necessary to reduce the cost</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">of an asset to its estimated residual value at the end of the lease term. The estimated residual value of leased assets is calculated at the lease</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">commencement date on the basis of published industry information and historical experience and are reviewed quarterly. Realization of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">residual values is dependent on Iveco Group\u2019s future ability to market the assets under the then-prevailing market conditions. The Group</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">continually evaluates whether events and circumstances have occurred which impact the estimated residual values of the assets on operating</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">lease. The used vehicle market was carefully monitored to ensure that write-downs were properly determined. However, it cannot be excluded</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:294.56pt\">that additional write-downs may be required if market conditions should deteriorate further.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-520": {
   "value": "<div class=\"ps4323 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Borrowing costs</span></div><div class=\"ps16510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">Bo</span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:466.97pt\">rrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets (as defined under IAS 23 \u2013</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:54.63pt\">Borrowing Costs</span><span class=\"f charStyle-24b91321 ps16511\" style=\"width:421.26pt\">), which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are capitalised</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps16513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:243.83pt\">and amortized over the useful life of the class of assets to which they refer.</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:177.82pt\">All other borrowing costs are expensed when incurred.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-522": {
   "value": "<div class=\"ps16515 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Impairment of assets</span></div><div class=\"ps16516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The Group reviews, at least annually, the recoverability of the carrying amount of intangible assets (including capitalised development costs) and</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">property, plant and equipment, in order to determine whether there is any indication that those assets have suffered an impairment loss. Goodwill</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and Intangible assets with indefinite useful lives are tested for impairment annually or more frequently, if there is an indication that an asset may</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps4333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.55pt\">be impaired.</span></div><div class=\"ps4334 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">If indicators of impairment are present, the carrying amount of the assets is reduced to its recoverable amount that is the higher of its fair value</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps4335 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">less disposal costs and its value in use. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the recoverable amount of the cash-generating unit to which the asset belongs. In assessing its value in use, the pre-tax estimated future cash</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps12480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.35pt\">the risks specific to the asset. An impairment loss is recognised when the recoverable amount is lower than the carrying amount.</span></div><div class=\"ps16519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Where a previous impairment loss for assets other than goodwill no longer exists or has decreased, the carrying amount of the asset or cash-</span></div><div class=\"ps16520 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">generating unit is increased up to the revised estimate of its recoverable amount, but not in excess of the carrying amount that would have been</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.14pt\">recorded had no impairment loss been recognised. A reversal of an impairment loss is recognised in profit or loss immediately.</span></div><div class=\"ps3539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recoverability of non-current assets</span></div><div class=\"ps3540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Non-current assets include property, plant and equipment, intangible assets, investments and other non-current financial assets. The Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">reviews the carrying value of non-current assets held and used and that of assets to be disposed of when events and circumstances warrant such</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:29.49pt\">a review.</span><span class=\"f charStyle-24b91321 ps16572\" style=\"width:2.05pt\"> </span></div><div class=\"ps3543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The analysis of the recoverable amount of non-current assets is usually performed using estimates of future expected cash flows from the use or</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">disposal of the asset and an appropriate discount rate in order to calculate present value. If the carrying amount is deemed to be impaired, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Group recognises an impairment loss for the amount by which the carrying amount of the asset exceeds its estimated recoverable amount from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:340.94pt\">use or disposal determined by reference to the cash flows included in its most recent business forecasts.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.18pt\">In view of the present economic and financial situation, the Group made the following considerations in respect of its future prospects:</span></div><div class=\"ps16573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">when carrying out impairment testing of tangible and intangible assets, the Group took into account its expected performance in the upcoming</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps7043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:365.56pt\">years. Iveco Group extended such projections for subsequent years to appropriately cover the period of analysis</span><span class=\"f charStyle-24b91321 ps16574\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">should the assumptions underlying the forecast deteriorate further, the following is noted: the Group\u2019s tangible and intangible assets with a finite</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">useful life (mostly development costs) relate to models or products with high technological content in line with the latest environmental laws and</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">regulations, which consequently makes them competitive in the current economic environment, especially in the more mature economies in</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">which particular attention is placed on the eco-sustainability of those types of products. Consequently, despite the fact that the capital goods</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">sector is one of the markets which could be most affected by a potential crisis in the immediate term, management considers that is highly</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">probable that the life cycle of these products can be lengthened to extend over the period of time involved in a slower economic recovery,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:372.89pt\">allowing the Group to achieve sufficient cash flows to cover the investments, although over a longer period of time.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-521": {
   "value": "<div class=\"ps16515 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Impairment of assets</span></div><div class=\"ps16516 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The Group reviews, at least annually, the recoverability of the carrying amount of intangible assets (including capitalised development costs) and</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">property, plant and equipment, in order to determine whether there is any indication that those assets have suffered an impairment loss. Goodwill</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and Intangible assets with indefinite useful lives are tested for impairment annually or more frequently, if there is an indication that an asset may</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps4333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.55pt\">be impaired.</span></div><div class=\"ps4334 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">If indicators of impairment are present, the carrying amount of the assets is reduced to its recoverable amount that is the higher of its fair value</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps4335 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">less disposal costs and its value in use. Where it is not possible to estimate the recoverable amount of an individual asset, the Group estimates</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the recoverable amount of the cash-generating unit to which the asset belongs. In assessing its value in use, the pre-tax estimated future cash</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps12480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.35pt\">the risks specific to the asset. An impairment loss is recognised when the recoverable amount is lower than the carrying amount.</span></div><div class=\"ps16519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Where a previous impairment loss for assets other than goodwill no longer exists or has decreased, the carrying amount of the asset or cash-</span></div><div class=\"ps16520 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">generating unit is increased up to the revised estimate of its recoverable amount, but not in excess of the carrying amount that would have been</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.14pt\">recorded had no impairment loss been recognised. A reversal of an impairment loss is recognised in profit or loss immediately.</span></div><div class=\"ps3539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recoverability of non-current assets</span></div><div class=\"ps3540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Non-current assets include property, plant and equipment, intangible assets, investments and other non-current financial assets. The Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">reviews the carrying value of non-current assets held and used and that of assets to be disposed of when events and circumstances warrant such</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:29.49pt\">a review.</span><span class=\"f charStyle-24b91321 ps16572\" style=\"width:2.05pt\"> </span></div><div class=\"ps3543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The analysis of the recoverable amount of non-current assets is usually performed using estimates of future expected cash flows from the use or</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">disposal of the asset and an appropriate discount rate in order to calculate present value. If the carrying amount is deemed to be impaired, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Group recognises an impairment loss for the amount by which the carrying amount of the asset exceeds its estimated recoverable amount from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:340.94pt\">use or disposal determined by reference to the cash flows included in its most recent business forecasts.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.18pt\">In view of the present economic and financial situation, the Group made the following considerations in respect of its future prospects:</span></div><div class=\"ps16573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">when carrying out impairment testing of tangible and intangible assets, the Group took into account its expected performance in the upcoming</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps7043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:365.56pt\">years. Iveco Group extended such projections for subsequent years to appropriately cover the period of analysis</span><span class=\"f charStyle-24b91321 ps16574\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">should the assumptions underlying the forecast deteriorate further, the following is noted: the Group\u2019s tangible and intangible assets with a finite</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">useful life (mostly development costs) relate to models or products with high technological content in line with the latest environmental laws and</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">regulations, which consequently makes them competitive in the current economic environment, especially in the more mature economies in</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">which particular attention is placed on the eco-sustainability of those types of products. Consequently, despite the fact that the capital goods</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">sector is one of the markets which could be most affected by a potential crisis in the immediate term, management considers that is highly</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">probable that the life cycle of these products can be lengthened to extend over the period of time involved in a slower economic recovery,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:372.89pt\">allowing the Group to achieve sufficient cash flows to cover the investments, although over a longer period of time.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-524": {
   "value": "<div class=\"ps8661 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Presentation<span class=\"f ps13\"> </span></span></div><div class=\"ps8662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:450.32pt\">Financial instruments held by the Group are presented and measured in the financial statements as described in the following paragraphs.</span></div><div class=\"ps3088 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Investments and other non-current financial assets comprise investments in unconsolidated companies and other non-current financial assets</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.48pt\">(securities, and other non-current financial receivables).<span class=\"f ps13\"> </span></span></div><div class=\"ps16524 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Current financial assets include trade receivables, receivables from financing activities (retail financing, dealer financing, lease financing and other</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">current loans to third parties), current securities and other current financial assets (which include derivative financial instruments stated at fair</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.74pt\">value as assets), as well as cash and cash equivalents.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Current securities include short-term or marketable securities which represent temporary investments of available funds and do not satisfy the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.96pt\">requirements for being classified as cash equivalents.</span></div><div class=\"ps12338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Derivatives financial assets and liabilities are measured either at fair value through other comprehensive income (when in a hedging relationship)</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:267.39pt\">or at fair value through profit or loss (see \"Derivative financial instruments\" below).</span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets and liabilities hedged by derivative instruments are measured in accordance with hedge accounting principles applicable to fair</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps7982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">value hedges: gains and losses arising from remeasurement at fair value, due to changes in the respective hedged risk, are recognised in profit or</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.37pt\">loss and are offset by the effective portion of the loss or gain arising from remeasurement at fair value of the hedging instrument.</span></div><div class=\"ps2867 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Derivative financial instruments</span></div><div class=\"ps2869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Derivative financial instruments are used for hedging purposes, in order to reduce currency, interest rate and market price risks. In accordance</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.92pt\">with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16528\" style=\"width:70.12pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16529\" style=\"width:360.98pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the hedge, there is</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">formal designation and documentation of the hedging relationship and the entity\u2019s risk management objective and strategy for undertaking the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">hedge, there is an economic relationship between the hedging instrument and the hedged item, credit risk does not dominate the value changes</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">that result from the economic relationship, and the hedging ratio in the hedging relationship reflects the actual quantity of the hedging instruments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.59pt\">and the hedged item. Further details on qualifying criteria are included in Note </span><span class=\"f charStyle-24b91321 ps16530\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16531\" style=\"width:185.95pt\"> \u201cDerivative assets and derivative liabilities\u201d and Note </span><span class=\"f charStyle-24b91321 ps16532\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.35pt\">\u201cInformation on financial risks\u201d.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.75pt\">When derivative financial instruments qualify for hedge accounting, the following accounting treatment applies:</span></div><div class=\"ps6079 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:57.14pt\">fair value hedges</span><span class=\"f charStyle-24b91321 ps16533\" style=\"width:411.78pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to changes in fair value of a recognised</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">asset or liability that is attributable to a particular risk and could affect profit or loss, the gain or loss from remeasuring the hedging instrument at</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps1261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">fair value is recognised in profit or loss. The gain or loss on the hedged item attributable to the hedged risk adjusts the carrying amount of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:150.37pt\">hedged item and is recognised in profit or loss</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:58.73pt\">cash flow hedges</span><span class=\"f charStyle-24b91321 ps16534\" style=\"width:410.27pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to variability in future cash flows of a</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">recognised asset or liability or a highly probable forecasted transaction and could affect profit or loss, the effective portion of any gain or loss on</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the derivative financial instrument is recognised directly in other comprehensive income in the cash flow hedge reserve. The cumulative gain or</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">loss is removed from other comprehensive income and recognised in profit or loss at the same time as the economic effect arising from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">hedged item affects income. The gain or loss associated with a hedge or part of a hedge that has become ineffective is recognised in profit or</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.86pt\">loss immediately. When a hedging instrument or hedge relationship is terminated but the hedged transaction is still expected to occur, the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">cumulative gain or loss realised to the point of termination remains in other comprehensive income and is recognised in profit or loss at the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">same time as the underlying transaction occurs. If the hedged transaction is no longer probable, the cumulative unrealised gain or loss held in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:233.51pt\">other comprehensive income is recognised in profit or loss immediately.</span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">If hedge accounting cannot be applied, the gains or losses from the fair value measurement of derivative financial instruments are recognised</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.33pt\">immediately in profit or loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-523": {
   "value": "<div class=\"ps8661 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Presentation<span class=\"f ps13\"> </span></span></div><div class=\"ps8662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:450.32pt\">Financial instruments held by the Group are presented and measured in the financial statements as described in the following paragraphs.</span></div><div class=\"ps3088 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Investments and other non-current financial assets comprise investments in unconsolidated companies and other non-current financial assets</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.48pt\">(securities, and other non-current financial receivables).<span class=\"f ps13\"> </span></span></div><div class=\"ps16524 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Current financial assets include trade receivables, receivables from financing activities (retail financing, dealer financing, lease financing and other</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">current loans to third parties), current securities and other current financial assets (which include derivative financial instruments stated at fair</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps12674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.74pt\">value as assets), as well as cash and cash equivalents.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Current securities include short-term or marketable securities which represent temporary investments of available funds and do not satisfy the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.96pt\">requirements for being classified as cash equivalents.</span></div><div class=\"ps12338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Derivatives financial assets and liabilities are measured either at fair value through other comprehensive income (when in a hedging relationship)</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:267.39pt\">or at fair value through profit or loss (see \"Derivative financial instruments\" below).</span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets and liabilities hedged by derivative instruments are measured in accordance with hedge accounting principles applicable to fair</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps7982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">value hedges: gains and losses arising from remeasurement at fair value, due to changes in the respective hedged risk, are recognised in profit or</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.37pt\">loss and are offset by the effective portion of the loss or gain arising from remeasurement at fair value of the hedging instrument.</span></div><div class=\"ps2867 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Derivative financial instruments</span></div><div class=\"ps2869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Derivative financial instruments are used for hedging purposes, in order to reduce currency, interest rate and market price risks. In accordance</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.92pt\">with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16528\" style=\"width:70.12pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16529\" style=\"width:360.98pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the hedge, there is</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">formal designation and documentation of the hedging relationship and the entity\u2019s risk management objective and strategy for undertaking the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">hedge, there is an economic relationship between the hedging instrument and the hedged item, credit risk does not dominate the value changes</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">that result from the economic relationship, and the hedging ratio in the hedging relationship reflects the actual quantity of the hedging instruments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.59pt\">and the hedged item. Further details on qualifying criteria are included in Note </span><span class=\"f charStyle-24b91321 ps16530\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16531\" style=\"width:185.95pt\"> \u201cDerivative assets and derivative liabilities\u201d and Note </span><span class=\"f charStyle-24b91321 ps16532\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.35pt\">\u201cInformation on financial risks\u201d.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.75pt\">When derivative financial instruments qualify for hedge accounting, the following accounting treatment applies:</span></div><div class=\"ps6079 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:57.14pt\">fair value hedges</span><span class=\"f charStyle-24b91321 ps16533\" style=\"width:411.78pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to changes in fair value of a recognised</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">asset or liability that is attributable to a particular risk and could affect profit or loss, the gain or loss from remeasuring the hedging instrument at</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps1261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">fair value is recognised in profit or loss. The gain or loss on the hedged item attributable to the hedged risk adjusts the carrying amount of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:150.37pt\">hedged item and is recognised in profit or loss</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:58.73pt\">cash flow hedges</span><span class=\"f charStyle-24b91321 ps16534\" style=\"width:410.27pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to variability in future cash flows of a</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">recognised asset or liability or a highly probable forecasted transaction and could affect profit or loss, the effective portion of any gain or loss on</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the derivative financial instrument is recognised directly in other comprehensive income in the cash flow hedge reserve. The cumulative gain or</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">loss is removed from other comprehensive income and recognised in profit or loss at the same time as the economic effect arising from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">hedged item affects income. The gain or loss associated with a hedge or part of a hedge that has become ineffective is recognised in profit or</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.86pt\">loss immediately. When a hedging instrument or hedge relationship is terminated but the hedged transaction is still expected to occur, the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">cumulative gain or loss realised to the point of termination remains in other comprehensive income and is recognised in profit or loss at the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">same time as the underlying transaction occurs. If the hedged transaction is no longer probable, the cumulative unrealised gain or loss held in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:233.51pt\">other comprehensive income is recognised in profit or loss immediately.</span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">If hedge accounting cannot be applied, the gains or losses from the fair value measurement of derivative financial instruments are recognised</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.33pt\">immediately in profit or loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-527": {
   "value": "<div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial liabilities refer to debt, which includes asset-backed financing, and derivative liabilities (which include derivative financial instruments</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:219.98pt\">stated at fair value as liabilities), trade payables and other liabilities.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-526": {
   "value": "<div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial liabilities refer to debt, which includes asset-backed financing, and derivative liabilities (which include derivative financial instruments</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:219.98pt\">stated at fair value as liabilities), trade payables and other liabilities.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-525": {
   "value": "<div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial liabilities refer to debt, which includes asset-backed financing, and derivative liabilities (which include derivative financial instruments</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:219.98pt\">stated at fair value as liabilities), trade payables and other liabilities.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-530": {
   "value": "<div class=\"ps1560 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Measurement</span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Investments in unconsolidated companies classified as non-current financial assets are accounted for as described in the paragraph \u201cBasis of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2847 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.52pt\">consolidation\u201d.</span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.99pt\">In accordance with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16526\" style=\"width:70.38pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16527\" style=\"width:310.66pt\">, financial assets are classified as measured at either amortized cost (\u201cAC\u201d), fair value through</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">other comprehensive income (\u201cFVTOCI\u201d) or fair value through profit or loss (\u201cFVTPL\u201d), depending on the business model for managing such<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">financial assets and the asset\u2019s contractual cash flow characteristics. Financial liabilities are classified as measured at amortized cost using the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">effective interest method.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial assets and current securities acquired through a regular way purchase are recognised on the basis of the settlement date and, on initial</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">recognition, are measured at fair value, including transaction costs where applicable. Subsequent measurement depends on the business model</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:225.82pt\">for managing the asset and the cash flow characteristics of the asset.</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">measured at amortized cost using the effective interest method. Receivables with maturities of over one year which bear no interest or an interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.06pt\">rate significantly lower than market rates are discounted using market rates.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows and for selling the financial assets, where the asset\u2019s cash flows represent solely</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">payments of principal and interests, are measured at fair value through other comprehensive income. Gains and losses on assets measured at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">fair value through other comprehensive income are recognised directly in other comprehensive income until the financial asset is disposed of or is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">determined to be impaired; when the asset is disposed of, the cumulative gains or losses, including those previously recognised in other</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">comprehensive income, are reclassified to profit or loss; when the asset is impaired, impairment losses are recognised to profit or loss. Interest</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:214.68pt\">income from these financial assets is included in financial income.</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">As a result of the Group's business model, trade receivables and receivables from financing activities are subsequently measured at amortized<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.18pt\">cost. The recognition of an impairment is based on expected credit losses.</span></div><div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsDesignatedAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-529": {
   "value": "<div class=\"ps1560 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Measurement</span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Investments in unconsolidated companies classified as non-current financial assets are accounted for as described in the paragraph \u201cBasis of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2847 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.52pt\">consolidation\u201d.</span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.99pt\">In accordance with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16526\" style=\"width:70.38pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16527\" style=\"width:310.66pt\">, financial assets are classified as measured at either amortized cost (\u201cAC\u201d), fair value through</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">other comprehensive income (\u201cFVTOCI\u201d) or fair value through profit or loss (\u201cFVTPL\u201d), depending on the business model for managing such<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">financial assets and the asset\u2019s contractual cash flow characteristics. Financial liabilities are classified as measured at amortized cost using the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">effective interest method.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial assets and current securities acquired through a regular way purchase are recognised on the basis of the settlement date and, on initial</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">recognition, are measured at fair value, including transaction costs where applicable. Subsequent measurement depends on the business model</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:225.82pt\">for managing the asset and the cash flow characteristics of the asset.</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">measured at amortized cost using the effective interest method. Receivables with maturities of over one year which bear no interest or an interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.06pt\">rate significantly lower than market rates are discounted using market rates.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows and for selling the financial assets, where the asset\u2019s cash flows represent solely</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">payments of principal and interests, are measured at fair value through other comprehensive income. Gains and losses on assets measured at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">fair value through other comprehensive income are recognised directly in other comprehensive income until the financial asset is disposed of or is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">determined to be impaired; when the asset is disposed of, the cumulative gains or losses, including those previously recognised in other</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">comprehensive income, are reclassified to profit or loss; when the asset is impaired, impairment losses are recognised to profit or loss. Interest</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:214.68pt\">income from these financial assets is included in financial income.</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">As a result of the Group's business model, trade receivables and receivables from financing activities are subsequently measured at amortized<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.18pt\">cost. The recognition of an impairment is based on expected credit losses.</span></div><div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-528": {
   "value": "<div class=\"ps1560 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Measurement</span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Investments in unconsolidated companies classified as non-current financial assets are accounted for as described in the paragraph \u201cBasis of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2847 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.52pt\">consolidation\u201d.</span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.99pt\">In accordance with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16526\" style=\"width:70.38pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16527\" style=\"width:310.66pt\">, financial assets are classified as measured at either amortized cost (\u201cAC\u201d), fair value through</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">other comprehensive income (\u201cFVTOCI\u201d) or fair value through profit or loss (\u201cFVTPL\u201d), depending on the business model for managing such<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">financial assets and the asset\u2019s contractual cash flow characteristics. Financial liabilities are classified as measured at amortized cost using the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">effective interest method.</span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Financial assets and current securities acquired through a regular way purchase are recognised on the basis of the settlement date and, on initial</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">recognition, are measured at fair value, including transaction costs where applicable. Subsequent measurement depends on the business model</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:225.82pt\">for managing the asset and the cash flow characteristics of the asset.</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">measured at amortized cost using the effective interest method. Receivables with maturities of over one year which bear no interest or an interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.06pt\">rate significantly lower than market rates are discounted using market rates.</span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assets that are held for collection of contractual cash flows and for selling the financial assets, where the asset\u2019s cash flows represent solely</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">payments of principal and interests, are measured at fair value through other comprehensive income. Gains and losses on assets measured at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">fair value through other comprehensive income are recognised directly in other comprehensive income until the financial asset is disposed of or is</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">determined to be impaired; when the asset is disposed of, the cumulative gains or losses, including those previously recognised in other</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">comprehensive income, are reclassified to profit or loss; when the asset is impaired, impairment losses are recognised to profit or loss. Interest</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:214.68pt\">income from these financial assets is included in financial income.</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">As a result of the Group's business model, trade receivables and receivables from financing activities are subsequently measured at amortized<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.18pt\">cost. The recognition of an impairment is based on expected credit losses.</span></div><div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-532": {
   "value": "<div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-531": {
   "value": "<div class=\"ps1284 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Cash and cash equivalents include cash at banks, units in liquidity funds, other money market securities and other cash equivalents. Cash and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">cash equivalents are subject to an insignificant risk of changes in value. Money market securities consist of investments in high-quality, short-<span class=\"f ps13\"> </span></span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">term, diversified financial instruments that can generally be liquidated on demand and are measured at FVTPL. Cash at banks and Other cash</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.06pt\">equivalents are measured at amortized cost.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-533": {
   "value": "<div class=\"ps12338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Derivatives financial assets and liabilities are measured either at fair value through other comprehensive income (when in a hedging relationship)</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7979 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:267.39pt\">or at fair value through profit or loss (see \"Derivative financial instruments\" below).</span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets and liabilities hedged by derivative instruments are measured in accordance with hedge accounting principles applicable to fair</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps7982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">value hedges: gains and losses arising from remeasurement at fair value, due to changes in the respective hedged risk, are recognised in profit or</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7983 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.37pt\">loss and are offset by the effective portion of the loss or gain arising from remeasurement at fair value of the hedging instrument.</span></div><div class=\"ps2867 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Derivative financial instruments</span></div><div class=\"ps2869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Derivative financial instruments are used for hedging purposes, in order to reduce currency, interest rate and market price risks. In accordance</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:44.92pt\">with IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16528\" style=\"width:70.12pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16529\" style=\"width:360.98pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the hedge, there is</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">formal designation and documentation of the hedging relationship and the entity\u2019s risk management objective and strategy for undertaking the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">hedge, there is an economic relationship between the hedging instrument and the hedged item, credit risk does not dominate the value changes</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">that result from the economic relationship, and the hedging ratio in the hedging relationship reflects the actual quantity of the hedging instruments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.59pt\">and the hedged item. Further details on qualifying criteria are included in Note </span><span class=\"f charStyle-24b91321 ps16530\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps16531\" style=\"width:185.95pt\"> \u201cDerivative assets and derivative liabilities\u201d and Note </span><span class=\"f charStyle-24b91321 ps16532\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.35pt\">\u201cInformation on financial risks\u201d.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:359.75pt\">When derivative financial instruments qualify for hedge accounting, the following accounting treatment applies:</span></div><div class=\"ps6079 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:57.14pt\">fair value hedges</span><span class=\"f charStyle-24b91321 ps16533\" style=\"width:411.78pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to changes in fair value of a recognised</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">asset or liability that is attributable to a particular risk and could affect profit or loss, the gain or loss from remeasuring the hedging instrument at</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps1261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">fair value is recognised in profit or loss. The gain or loss on the hedged item attributable to the hedged risk adjusts the carrying amount of the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:150.37pt\">hedged item and is recognised in profit or loss</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-94965b2e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:58.73pt\">cash flow hedges</span><span class=\"f charStyle-24b91321 ps16534\" style=\"width:410.27pt\"> \u2013 where a derivative financial instrument is designated as a hedge of the exposure to variability in future cash flows of a</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">recognised asset or liability or a highly probable forecasted transaction and could affect profit or loss, the effective portion of any gain or loss on</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the derivative financial instrument is recognised directly in other comprehensive income in the cash flow hedge reserve. The cumulative gain or</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">loss is removed from other comprehensive income and recognised in profit or loss at the same time as the economic effect arising from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">hedged item affects income. The gain or loss associated with a hedge or part of a hedge that has become ineffective is recognised in profit or</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.86pt\">loss immediately. When a hedging instrument or hedge relationship is terminated but the hedged transaction is still expected to occur, the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">cumulative gain or loss realised to the point of termination remains in other comprehensive income and is recognised in profit or loss at the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">same time as the underlying transaction occurs. If the hedged transaction is no longer probable, the cumulative unrealised gain or loss held in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:233.51pt\">other comprehensive income is recognised in profit or loss immediately.</span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">If hedge accounting cannot be applied, the gains or losses from the fair value measurement of derivative financial instruments are recognised</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.33pt\">immediately in profit or loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-534": {
   "value": "<div class=\"ps545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Transfers of financial assets</span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The Group derecognises financial assets when the contractual rights to the cash flows arising from the assets are no longer held or if it transfers<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.15pt\">the financial activities, as follows:</span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">if the Group transfers substantially all the risks and rewards of ownership of the financial asset, it derecognises the financial asset and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:369.16pt\">recognises separately as assets or liabilities any possible rights and obligations created or retained in the transfer</span></div><div class=\"ps497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:444.58pt\">if the Group retains substantially all the risks and rewards of ownership of the financial asset, it continues to recognise the financial asset</span></div><div class=\"ps1276 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">if the Group neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset, it determines whether it has</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:163.51pt\">retained control of the financial asset. In this case:</span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:461.74pt\">if the Group has not maintained control, it derecognises the financial asset and recognises separately as assets and liabilities any possible</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps504 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps575\" style=\"width:180.69pt\">rights and obligations created or retained in the transfer</span></div><div class=\"ps2857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps1187\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps575\" style=\"width:458.15pt\">if the Group has retained control, it continues to recognise the financial asset to the extent of its continuing involvement in the financial asset.</span></div><div class=\"ps1281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">On derecognition of a financial asset, the difference between the carrying amount of the asset and the consideration received or receivable for the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1282 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:162.67pt\">transfer of the asset is recognised in profit or loss.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-535": {
   "value": "<div class=\"ps1174 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Inventories</span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Inventories of raw materials, semi-finished products and finished goods (including assets leased out under operating lease) are stated at the lower<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">of cost or net realizable value. Cost is determined by the first-in-first-out (FIFO) method. Cost includes the direct costs of materials, labour and</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps2861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">indirect costs (variable and fixed). Provision is made for obsolete and slow-moving raw materials, finished goods, spare parts and other supplies</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">based on their expected future use and realizable value. Net realizable value is the estimated selling price in the ordinary course of business less</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.65pt\">the estimated costs of completion and the estimated costs for sale and distribution.</span></div><div class=\"ps1180 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for obsolete and slow-moving inventory</span></div><div class=\"ps4130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The allowance for obsolete and slow-moving inventory reflects management\u2019s estimate of the expected loss in value and has been determined on</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the basis of past experience and historical and expected future trends in the used vehicle market. A worsening of the economic and financial</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">situation could cause a further deterioration in conditions in the used vehicle market compared to that taken into consideration in calculating the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:163.9pt\">allowances recognised in the financial statements.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-537": {
   "value": "<div class=\"ps16535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Assets and liabilities held for sale</span></div><div class=\"ps16536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Non-current assets are classified as held for sale if their carrying amounts will be principally recovered through a sale transaction rather than</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1294 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">through continuing use. This condition is regarded as met only when the sale is highly probable, with the sale expected to be completed within</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">one year from the date of classification, and the non-current asset (or the disposal group) is available for immediate sale in its present condition</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps4209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">subject only to terms that are usual and customary for sales of such asset (or disposal group). When the Group is committed to a sale plan</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps4210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">involving loss of control of a subsidiary, all of the assets and liabilities of that subsidiary are classified as held for sale when the criteria described</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2870 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.93pt\">above are met, regardless of whether the Group will retain a non-controlling interest in its former subsidiary after the sale.</span></div><div class=\"ps12342 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amounts and fair value less costs to</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8399 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:13.1pt\">sell.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-536": {
   "value": "<div class=\"ps16535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Assets and liabilities held for sale</span></div><div class=\"ps16536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Non-current assets are classified as held for sale if their carrying amounts will be principally recovered through a sale transaction rather than</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1294 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">through continuing use. This condition is regarded as met only when the sale is highly probable, with the sale expected to be completed within</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">one year from the date of classification, and the non-current asset (or the disposal group) is available for immediate sale in its present condition</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps4209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">subject only to terms that are usual and customary for sales of such asset (or disposal group). When the Group is committed to a sale plan</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps4210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">involving loss of control of a subsidiary, all of the assets and liabilities of that subsidiary are classified as held for sale when the criteria described</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2870 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.93pt\">above are met, regardless of whether the Group will retain a non-controlling interest in its former subsidiary after the sale.</span></div><div class=\"ps12342 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">Non-current assets and disposal groups classified as held for sale are measured at the lower of their carrying amounts and fair value less costs to</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps8399 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:13.1pt\">sell.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-538": {
   "value": "<div class=\"ps8405 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Employee benefits</span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension plans</span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">The present value of a defined benefit obligation and the related current service cost (and past service cost, where applicable) for defined benefit</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:293.8pt\">pension plans are determined on an actuarial basis using the projected unit credit method.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The net defined benefit liability that the Group recognises in the statement of financial position represents the present value of the defined benefit</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">obligation reduced by the fair value of any plan assets (deficit). In case of a surplus, a net defined benefit asset is recognised at the lower of the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8407 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.07pt\">surplus and the asset ceiling.</span></div><div class=\"ps16538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Remeasurements of the net defined benefit liability/asset (that comprise: a) actuarial gains and losses, b) return on plan assets, excluding</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">amounts included in net interest on the net defined benefit liability/asset, and c) any change in the effect of the asset ceiling, excluding amounts</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">included in net interest on the net defined benefit liability/asset) are recognised directly in other comprehensive income without reclassification to</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.23pt\">profit or loss in subsequent years.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Past service cost resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">significant reduction in the number of employees covered by a plan) and gain or loss on settlements (a transaction that eliminates all further legal<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">or constructive obligations for part or all of the benefits) are recognised in profit or loss in the period in which they occur (or, in case of past service</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:305.23pt\">costs, when the entity recognises related restructuring costs or termination benefits, if earlier).</span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">Net interest is calculated by applying the discount rate to the net defined benefit liability or asset and is recognised as Net financial income/</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">(expenses) in profit or loss. Current service cost and all other costs and income arising from the measurement of pension plan provisions are</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:146.7pt\">allocated to costs by function in profit or loss.<span class=\"f ps13\"> </span></span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Post-employment plans other than pensions</span></div><div class=\"ps542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The Group provides other post-employment defined benefits. The method of accounting and the frequency of valuations are similar to those used</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.6pt\">for defined benefit pension plans.</span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Defined contribution plans</span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:336.8pt\">Costs arising from defined contribution plans are recognised as an expense in profit or loss as incurred.</span></div><div class=\"ps5078 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Share-based compensation plans</span></div><div class=\"ps5475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group provides additional benefits to the key executive officers and select employees through equity compensation plans (stock grants). In</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.21pt\">accordance with IFRS 2 \u2013 </span><span class=\"f charStyle-50993fa8 ps16542\" style=\"width:74.31pt\">Share-based Payment</span><span class=\"f charStyle-24b91321 ps16543\" style=\"width:310.43pt\">, these plans represent a component of recipient remuneration. The compensation expense,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">corresponding to the fair value of the instruments at the grant date, is recognised in profit or loss on a straight-line basis over the requisite service</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">period for each separately vesting portion of an award, with the offsetting credit recognised directly in equity. Any subsequent changes to fair</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps6996 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:182.78pt\">value do not have any effect on the initial measurement.</span><span class=\"f charStyle-24b91321 ps16544\" style=\"width:2.05pt\"> </span></div><div class=\"ps6399 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension and other post-employment benefits</span></div><div class=\"ps6401 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Group companies sponsor pension and other post-employment benefits in various countries, mainly in the United Kingdom, Germany, Italy, and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.14pt\">Switzerland.</span></div><div class=\"ps4207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Employee benefit liabilities, related assets, costs and net interest connected with them are measured on an actuarial basis which requires the use</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">of estimates and assumptions to determine the net defined benefit liability/asset for the Group. The actuarial method takes into consideration</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">parameters of a financial nature such as the discount rate and the rate of salary increases and takes into consideration the likelihood of potential</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps5259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">future events by using demographic parameters such as mortality rates and dismissal or retirement rates. The discount rates selected are based</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6076 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">on yields or yield curves of high-quality corporate bonds in the relevant market. Trends in healthcare costs are developed on the basis of historical</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">experience, the near-term outlook for costs and likely long-term trends. Rates of salary increases reflect the Group\u2019s long-term actual</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">expectations in the reference market and inflation trends. Changes in any of these assumptions may have an effect on future contributions to the</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps7610 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:19.67pt\">plans.</span></div><div class=\"ps1257 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The effects resulting from revising the estimates for the above parameters (\u201cre-measurements\u201d) are recognised directly in other comprehensive</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:408.51pt\">income without reclassification to profit or loss in subsequent years: see \u201cEmployee benefits\u201d section above for further details.</span></div><div class=\"ps528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Future changes in the yields of corporate bonds, other actuarial assumptions referred to above and returns on plan assets may impact the net</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.82pt\">liability/asset.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-539": {
   "value": "<div class=\"ps5078 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Share-based compensation plans</span></div><div class=\"ps5475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group provides additional benefits to the key executive officers and select employees through equity compensation plans (stock grants). In</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.21pt\">accordance with IFRS 2 \u2013 </span><span class=\"f charStyle-50993fa8 ps16542\" style=\"width:74.31pt\">Share-based Payment</span><span class=\"f charStyle-24b91321 ps16543\" style=\"width:310.43pt\">, these plans represent a component of recipient remuneration. The compensation expense,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">corresponding to the fair value of the instruments at the grant date, is recognised in profit or loss on a straight-line basis over the requisite service</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">period for each separately vesting portion of an award, with the offsetting credit recognised directly in equity. Any subsequent changes to fair</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:182.78pt\">value do not have any effect on the initial measurement.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-540": {
   "value": "<div class=\"ps3125 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Provisions</span></div><div class=\"ps3127 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The Group records provisions when it has an obligation, legal or constructive, to a third party, as a result from a past event, when it is probable</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1582 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.48pt\">that an outflow of Group resources will be required to satisfy the obligation and when a reliable estimate of the amount can be made.</span></div><div class=\"ps1583 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:299.52pt\">Changes in estimates are reflected in profit or loss in the period in which the change occurs.</span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Product warranties</span></div><div class=\"ps509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group makes provisions for estimated expenses related to product warranties at the time products are sold. Management establishes these</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">estimates based on historical information on the nature, frequency and average cost of warranty claims. The Group seeks to improve vehicle</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">quality and minimize warranty expenses arising from claims. Warranty costs may differ from those estimated if actual claim rates are higher or</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.61pt\">lower than historical rates.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-541": {
   "value": "<div class=\"ps16545 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Revenue recognition</span></div><div class=\"ps16546 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Revenue is recognised when control of the vehicles, services or parts has been transferred and the Group\u2019s performance obligations to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1586 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">customers have been satisfied. Revenue is measured as the amount of consideration the Group expects to receive in exchange for transferring</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.78pt\">goods or providing services.</span></div><div class=\"ps16548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:428.61pt\">The timing of when the Group transfers the goods or services to the customer may differ from the timing of the customer\u2019s payment.</span></div><div class=\"ps16549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Revenues are stated net of discounts, allowances, settlement discounts and rebates, as well as costs for sales incentive programs, which are<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">determined on the basis of historical costs, country by country, and charged against profit for the period in which the corresponding sales are</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps4090 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.11pt\">recognised.</span></div><div class=\"ps16551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Group also enters into contracts with multiple performance obligations. For these contracts, the Group allocates revenue from the transaction</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1181 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">price to the distinct goods and services in the contract on a relative standalone selling price basis. To the extent the Group sells the goods or</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps4091 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">services separately in the same market, the standalone selling price is the observable price at which the Group sells the goods or services</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">separately. For all other goods or services, the Group estimates the standalone selling price considering all information, reasonably available</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.82pt\">(including market conditions, entity-specific factors and information about the customer or class of customer).</span></div><div class=\"ps4094 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Sales of goods<span class=\"f ps13\"> </span></span></div><div class=\"ps4139 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:446.62pt\">The Group has determined that the customers from the sale of vehicles and parts are generally dealers, distributors and retail customers.</span></div><div class=\"ps4096 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Transfer of control, and thus related revenue recognition, generally corresponds to when the vehicles and parts are made available to the</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">customer. Therefore, the Group recognises revenue at a point in time, when control is transferred to the customer at a sale price that the Group</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps12483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.48pt\">expects to receive.</span></div><div class=\"ps16554 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">For all sales, no significant uncertainty exists surrounding the purchaser\u2019s obligation to pay for vehicles and parts. The Group records appropriate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">allowance for credit losses and anticipated returns as required. Fixed payment schedules exist for all sales, but payment terms vary by</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16556 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:117.6pt\">geographic market and product line.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The cost of incentives, if any, are estimated at the inception of a contract at the amount that is expected to be paid and is recognised as a</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">reduction to revenue at the time of the sale. If a vehicle contract transaction has multiple performance obligations, the cost of incentives is</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">allocated entirely to vehicle as the intent of the incentives is to encourage sales of vehicles. If the estimate of the incentive changes following the</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">sale to the customer, the change in estimate is recognised as an adjustment to revenue in the period of the change. Iveco Group grants sales</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is announced to dealers,</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction of revenue.</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Subsequent adjustments to sales incentive programs related to products/vehicles previously sold are recognised as an adjustment to revenues in</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">the period the adjustment is determinable. The determination of sales allowances requires management to make estimates based upon historical</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">data, estimated future market demand for products, field inventory levels, announced incentive programs, competitive pricing and interest rates,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:65.16pt\">among other things.</span><span class=\"f charStyle-24b91321 ps16557\" style=\"width:2.05pt\"> </span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">With reference to the sales to dealers accompanied by \u201cfloor plan\u201d agreements under which the Group offers wholesale financing including</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">\u201cinterest-free\u201d financing for a specified period of time (which also vary by geographic market and product line), two separate performance</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps2799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">obligations exist. The first performance obligation consists of the sale of the vehicle from Industrial Activities to the dealer. Concurrent with the</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2800 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">sale of the vehicle, Industrial Activities offers to the dealer wholesale financing through loans extended by Financial Services. Industrial Activities</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2801 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">compensates Financial Services for the cost of the interest-free period. This cost has been determined to represent a cash sale incentive on the</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">initial sale of the good, and therefore it should be recognised upfront as a reduction of net sales of Industrial Activities. The second performance</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">obligation consists of a credit facility extended by Financial Services to the dealer. The remuneration for this performance obligation is</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps3706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">represented by the compensation received from Industrial Activities for the period of the interest-free financing and by the interest charged to</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps3347 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.34pt\">dealer for the remaining period. This remuneration is recognised by Financial Services over the period of the outstanding exposure.</span></div><div class=\"ps3349 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">For parts sales, when the Group provides its customers with a right to return a transferred product, revenue and corresponding cost of sales are</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps4566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">recognised for parts that are not expected to be returned. The expected returns are estimated based on an analysis of historical experience. The</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5243 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">portion of revenue (and corresponding cost of sales) related to the parts that are expected to be returned is recognised at the end of the return</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">period. The amount received or receivable that is expected to be returned is recognised as a refund liability, representing the obligation to return</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">the customer\u2019s consideration. Furthermore, at the time of the initial sale, Iveco Group recognises a return asset for the right to recover the goods</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3712 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">returned by the customer. This asset is initially measured at the former carrying amount of the inventory. At each reporting date, both the refund</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">liability and the return asset are remeasured to record for any revisions to the expected level of returns, as well as any decreases in the value of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:72.13pt\">the returned products.</span></div><div class=\"ps2815 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Rendering of services</span></div><div class=\"ps2816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Revenues from services provided are primarily comprised of extended warranties and maintenance and repair services and are recognised over</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:320.45pt\">the contract period when the costs are incurred, that is when the claims are charged by the dealer.</span><span class=\"f charStyle-24b91321 ps16558\" style=\"width:2.05pt\"> </span></div><div class=\"ps3353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Amounts invoiced to customers for which Iveco Group receives consideration before the performance is satisfied are recognised as contract</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2819 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">liability. These services are either separately-priced or included in the selling price of the vehicle. In the second case, revenue for the services is</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps2820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">allocated based on the estimated stand-alone selling price. In the event that the costs expected to be incurred to satisfy the remaining</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps4281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:310.2pt\">performance obligations exceed the transaction price, an estimated contract loss is recognised.</span></div><div class=\"ps4585 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Shipping and other transportation activities performed as an agent are recognised on a net basis, which is netting the related freight cost against</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps4588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.52pt\">the freight revenue.</span></div><div class=\"ps2778 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Rents and other income on assets sold with a buy-back commitment</span></div><div class=\"ps2781 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Truck and Bus Business Units enters into transactions for the sale of vehicles to some customers with an obligation to repurchase (\u201cbuy-back</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2783 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">commitment\u201d) the vehicles at the end of a period (\u201cbuy-back period\u201d) at the customer\u2019s request. For these types of arrangements, at inception,</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps2784 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:357.35pt\">Iveco Group assesses whether a significant economic incentive exists for the customer to exercise the option.</span></div><div class=\"ps3265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">If Iveco Group determines that a significant economic incentive exists for the customer to exercise the buy-back option, the transaction is</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3266 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">accounted for as an operating lease. In such case, vehicles are accounted for as Property, plant and equipment because the agreements typically</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps2787 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">have a long-term buy-back period. The difference between the carrying value (corresponding to the manufacturing cost) and the estimated resale</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps2788 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">value (net of refurbishing costs) at the end of the buy-back period is depreciated on a straight-line basis over the same period. The initial sale</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps2789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">price received is recognised in \u201cOther liabilities\u201d and is comprised of the repurchase value of the vehicle, and the rents to be recognised in the</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps4295 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">future recorded as contract liability. These rents are determined at the inception of the contract as the difference between the initial sale price and</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps4296 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">the repurchase price and are recognised as revenue on a straight-line basis over the term of the agreement. At the end of the agreement term,</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps6247 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">upon exercise of the option, the used vehicles are reclassified from Property, plant and equipment to Inventories. The proceeds from the sale of</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.21pt\">such vehicles are recognised as Revenues.</span></div><div class=\"ps8611 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">If Iveco Group determines that a significant economic incentive does not exist for the customer to exercise the buy-back option, the transaction is</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8612 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">treated as a sale with a variable consideration whose variable component is the buy-back provision accrual. The buy-back provision accrual is the</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps8613 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">difference between the repurchase price and the estimated market value of the used vehicle at the end of the buy-back period and is recorded</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">only when the repurchase price is greater than the estimated market value of the used vehicle. The buy-back provision accrual is estimated and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">recognised as a reduction of revenues at the time of the sale. Any subsequent change following such periodic reassessment is recognised as a</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps16561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:111.47pt\">reduction of revenues at that time.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Finance and interest income</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Finance and interest income on retail and other notes receivables and finance leases is recorded using the effective yield method. Deferred costs</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">on the origination of financing receivables are recognised as a reduction in finance revenue over the expected lives of the receivables using the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">effective yield method. When a financial asset becomes credit-impaired and is, therefore, regarded as \u201cStage 3\u201d, Iveco Group calculates interest</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">income by applying the effective interest rate to the net amortized cost of the financial asset. If the financial asset cures and is no longer credit-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">impaired, Iveco Group reverts to calculating interest income on a gross basis. Receivables are considered past due if the required principal and</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest payments have not been received as of the date such payments were due. Delinquency is reported on receivables greater than 30 days</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">past due. Charge-offs of principal amounts of receivables outstanding are deducted from the allowance at the point when it is determined to be</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:165.12pt\">probable that all amounts due will not be collected.</span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Rents and other income on operating leases</span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:306.08pt\">Income from operating leases is recognised over the term of the lease on a straight-line basis.</span></div><div class=\"ps551 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Sales allowances</span></div><div class=\"ps1223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Iveco Group grants sales incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">announced to dealers, Iveco Group records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">of revenue. The expense for new programs is accrued at the inception of the program. The amounts of incentives to be paid are estimated. The</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps1227 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">determination of sales allowances requires management to make estimates based upon historical data, estimated future market demand for</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:397.05pt\">products, field inventory levels, announced incentive programs, competitive pricing and interest rates, among other things.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-542": {
   "value": "<div class=\"ps16549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Revenues are stated net of discounts, allowances, settlement discounts and rebates, as well as costs for sales incentive programs, which are<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">determined on the basis of historical costs, country by country, and charged against profit for the period in which the corresponding sales are</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps4090 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.11pt\">recognised.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-543": {
   "value": "<div class=\"ps2816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Revenues from services provided are primarily comprised of extended warranties and maintenance and repair services and are recognised over</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:320.45pt\">the contract period when the costs are incurred, that is when the claims are charged by the dealer.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepairsAndMaintenanceExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-544": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Finance and interest income</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Finance and interest income on retail and other notes receivables and finance leases is recorded using the effective yield method. Deferred costs</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">on the origination of financing receivables are recognised as a reduction in finance revenue over the expected lives of the receivables using the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">effective yield method. When a financial asset becomes credit-impaired and is, therefore, regarded as \u201cStage 3\u201d, Iveco Group calculates interest</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">income by applying the effective interest rate to the net amortized cost of the financial asset. If the financial asset cures and is no longer credit-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">impaired, Iveco Group reverts to calculating interest income on a gross basis. Receivables are considered past due if the required principal and</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest payments have not been received as of the date such payments were due. Delinquency is reported on receivables greater than 30 days</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">past due. Charge-offs of principal amounts of receivables outstanding are deducted from the allowance at the point when it is determined to be</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:165.12pt\">probable that all amounts due will not be collected.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-545": {
   "value": "<div class=\"ps3658 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Cost of sales</span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Cost of sales comprises the cost of manufacturing products and the acquisition cost of purchased merchandise which has been sold. It includes</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">all directly attributable material and production costs and all production overheads. These include the depreciation of property, plant and</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">equipment and the amortisation of intangible assets relating to production and write-downs of inventories. Cost of sales also includes freight and</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:296.69pt\">insurance costs relating to deliveries to dealers and agency fees in the case of direct sales.</span></div><div class=\"ps2854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Cost of sales also includes provisions made to cover the estimated cost of product warranties at the time of sale to dealer networks or to the end</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1276 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.37pt\">customer.</span></div><div class=\"ps1277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Expenses which are directly attributable to the Financial Services business, including the interest expense related to the financing of Financial</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps2856 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:351.56pt\">Services business as a whole and charges for risk provisions and write-downs, are reported in cost of sales.<span class=\"f ps13\"> </span></span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Research and development costs</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">This item includes research costs, development costs not eligible for capitalization and the amortisation of development costs recognised as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.66pt\">assets in accordance with IAS\u00a038.</span></div><div class=\"ps16564 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Income taxes</span></div><div class=\"ps619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Income taxes include all taxes based upon the taxable profits of the Group. Taxes on income are recognised in profit or loss except to the extent</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">they relate to items recognised directly in equity or in other comprehensive income, in which case the related tax effects are recognised directly in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.8pt\">equity or in other comprehensive income.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-546": {
   "value": "<div class=\"ps3136 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Government grants</span></div><div class=\"ps3137 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Government grants are recognised in the financial statements when there is reasonable assurance that the company concerned will comply with</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">the conditions for receiving such grants and that the grants themselves will be received. Government grants are recognised as income over the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps7004 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.15pt\">periods necessary to match them with the related costs which they are intended to offset.</span></div><div class=\"ps3329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The benefit of a government loan at a below-market rate of interest is treated as a government grant. The benefit of the below-market rate of</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">interest is measured as the difference between the initial carrying amount of the loan (fair value plus transaction costs) and the proceeds</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.46pt\">received, and is accounted for in accordance with the policies already used for the recognition of government grants.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-548": {
   "value": "<div class=\"ps16564 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Income taxes</span></div><div class=\"ps619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Income taxes include all taxes based upon the taxable profits of the Group. Taxes on income are recognised in profit or loss except to the extent</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">they relate to items recognised directly in equity or in other comprehensive income, in which case the related tax effects are recognised directly in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.8pt\">equity or in other comprehensive income.</span><span class=\"f charStyle-24b91321 ps10116\" style=\"width:2.05pt\"> </span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Provisions for income taxes arising on the future distribution of a subsidiary\u2019s undistributed profits are only made when there is a current intention</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:79.9pt\">to distribute such profits.</span><span class=\"f charStyle-24b91321 ps16566\" style=\"width:2.05pt\"> </span></div><div class=\"ps16567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Deferred taxes are provided using the full liability method. They are calculated on all temporary differences between the tax bases of assets or</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1299 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">liabilities and the corresponding carrying amounts in the Consolidated Financial Statements, except for those arising from non-tax-deductible</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps7033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">goodwill and investments in subsidiaries where it is possible to control the reversal of the basis differences and reversal will not take place in the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps8405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.47pt\">foreseeable future.</span></div><div class=\"ps7036 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Deferred tax assets relating to the carry-forward of unused tax losses and tax credits, as well as those arising from temporary differences, are</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">recognised to the extent it is probable future profits will be available against which they can be utilised. Current and deferred income tax assets</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">and liabilities are offset when the income taxes are levied by the same taxation authority and where there is a legally enforceable right of offset.</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3159 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Deferred tax assets and liabilities are measured at the enacted or substantively enacted tax rates of the relevant tax jurisdictions that are</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">expected to apply to taxable income during the period or periods in which the temporary differences reverse. The Group recognises tax liabilities</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">for uncertain tax treatments when tax risks arising from positions taken by the Group are considered probable, assuming the tax authorities have</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">full knowledge of all relevant information when making their examinations. In doing so, the Group evaluates whether to consider each uncertain</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">tax treatment separately or jointly consider multiple uncertain tax treatments, using the approach that better predicts the resolution of the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">uncertainty. The liabilities recognised correspond to the amounts expected to be paid. Other taxes not based on taxable profits, such as property</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:205.74pt\">taxes and taxes on capital, are included in operating expenses.</span></div><div class=\"ps2880 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recognition of deferred tax assets</span></div><div class=\"ps2881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.46pt\">At </span><span class=\"f charStyle-24b91321 ps16575\" style=\"width:63.58pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16576\" style=\"width:267.21pt\">, Iveco Group had net deferred tax assets, including tax loss carry forwards, of \u20ac</span><span class=\"f charStyle-24b91321 ps16577\" style=\"width:12.3pt\">758</span><span class=\"f charStyle-24b91321 ps16578\" style=\"width:61.96pt\"> million, of which \u20ac</span><span class=\"f charStyle-24b91321 ps16579\" style=\"width:12.3pt\">147</span><span class=\"f charStyle-24b91321 ps16580\" style=\"width:49.23pt\"> million are not</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:227.46pt\">recognised in the financial statements. The corresponding totals at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16581\" style=\"width:64.62pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16582\" style=\"width:26.09pt\"> were \u20ac</span><span class=\"f charStyle-24b91321 ps16583\" style=\"width:12.3pt\">895<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16584\" style=\"width:46.29pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16585\" style=\"width:12.3pt\">169</span><span class=\"f charStyle-24b91321 ps16586\" style=\"width:86.86pt\"> million. Management has</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recognised deferred tax assets it believes are probable to be recovered considering amounts from budgets and plans consistent with those used</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12345 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">for other purposes within Iveco Group, for example impairment testing, as discussed in the paragraph \u201cRecoverability of non-current assets\u201d</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps12346 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">above. Iveco Group believes the amount of recognised deferred tax assets is appropriate, despite the risk of actual future results potentially being</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps5492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">less than results included in these forecasts, considering many of the recognised net deferred tax assets relate to temporary differences and tax</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:452.84pt\">losses which, to a significant extent, may be recovered over an extended time period, but do not expire based on currently enacted tax law.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">As in all financial reporting periods, Iveco Group assessed the realizability of its various deferred tax assets, which related to multiple tax</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">jurisdictions in all regions of the world. Basically, considering all the jurisdictions in which Iveco Group operates, the only change in assessment</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">occurred with respect to the recognition of deferred tax assets in Germany and it is primarily attributable to the sale of Fire Fighting business,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">which improved future scenario in terms of tax profitability. In respect to all other losses accumulated by Group in prior periods, they were largely</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">driven by non-recurring events that impacted taxable income in the near-term, substantially all of Iveco Group\u2019s deferred tax assets have no<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2688 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">expiry date. Further, Iveco Group has a history of producing pre-tax losses in the bottom-end of economic cycles followed by generating pre-tax</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">profits during ensuing periods of economic expansion such that there is little history of its tax attributes expiring unutilised. Given the uncertainty</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">on evolution of certain macroeconomic dynamics, however, it is possible assessment changes could occur within the next twelve months, with</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.25pt\">those changes potentially having an impact on Iveco Group\u2019s results of operations.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-547": {
   "value": "<div class=\"ps16564 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Income taxes</span></div><div class=\"ps619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Income taxes include all taxes based upon the taxable profits of the Group. Taxes on income are recognised in profit or loss except to the extent</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">they relate to items recognised directly in equity or in other comprehensive income, in which case the related tax effects are recognised directly in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.8pt\">equity or in other comprehensive income.</span><span class=\"f charStyle-24b91321 ps10116\" style=\"width:2.05pt\"> </span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Provisions for income taxes arising on the future distribution of a subsidiary\u2019s undistributed profits are only made when there is a current intention</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:79.9pt\">to distribute such profits.</span><span class=\"f charStyle-24b91321 ps16566\" style=\"width:2.05pt\"> </span></div><div class=\"ps16567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Deferred taxes are provided using the full liability method. They are calculated on all temporary differences between the tax bases of assets or</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1299 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">liabilities and the corresponding carrying amounts in the Consolidated Financial Statements, except for those arising from non-tax-deductible</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps7033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">goodwill and investments in subsidiaries where it is possible to control the reversal of the basis differences and reversal will not take place in the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps8405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.47pt\">foreseeable future.</span></div><div class=\"ps7036 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Deferred tax assets relating to the carry-forward of unused tax losses and tax credits, as well as those arising from temporary differences, are</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">recognised to the extent it is probable future profits will be available against which they can be utilised. Current and deferred income tax assets</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">and liabilities are offset when the income taxes are levied by the same taxation authority and where there is a legally enforceable right of offset.</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3159 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Deferred tax assets and liabilities are measured at the enacted or substantively enacted tax rates of the relevant tax jurisdictions that are</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">expected to apply to taxable income during the period or periods in which the temporary differences reverse. The Group recognises tax liabilities</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">for uncertain tax treatments when tax risks arising from positions taken by the Group are considered probable, assuming the tax authorities have</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">full knowledge of all relevant information when making their examinations. In doing so, the Group evaluates whether to consider each uncertain</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">tax treatment separately or jointly consider multiple uncertain tax treatments, using the approach that better predicts the resolution of the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">uncertainty. The liabilities recognised correspond to the amounts expected to be paid. Other taxes not based on taxable profits, such as property</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:205.74pt\">taxes and taxes on capital, are included in operating expenses.</span></div><div class=\"ps2880 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recognition of deferred tax assets</span></div><div class=\"ps2881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.46pt\">At </span><span class=\"f charStyle-24b91321 ps16575\" style=\"width:63.58pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16576\" style=\"width:267.21pt\">, Iveco Group had net deferred tax assets, including tax loss carry forwards, of \u20ac</span><span class=\"f charStyle-24b91321 ps16577\" style=\"width:12.3pt\">758</span><span class=\"f charStyle-24b91321 ps16578\" style=\"width:61.96pt\"> million, of which \u20ac</span><span class=\"f charStyle-24b91321 ps16579\" style=\"width:12.3pt\">147</span><span class=\"f charStyle-24b91321 ps16580\" style=\"width:49.23pt\"> million are not</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:227.46pt\">recognised in the financial statements. The corresponding totals at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16581\" style=\"width:64.62pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16582\" style=\"width:26.09pt\"> were \u20ac</span><span class=\"f charStyle-24b91321 ps16583\" style=\"width:12.3pt\">895<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16584\" style=\"width:46.29pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16585\" style=\"width:12.3pt\">169</span><span class=\"f charStyle-24b91321 ps16586\" style=\"width:86.86pt\"> million. Management has</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recognised deferred tax assets it believes are probable to be recovered considering amounts from budgets and plans consistent with those used</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12345 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">for other purposes within Iveco Group, for example impairment testing, as discussed in the paragraph \u201cRecoverability of non-current assets\u201d</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps12346 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">above. Iveco Group believes the amount of recognised deferred tax assets is appropriate, despite the risk of actual future results potentially being</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps5492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">less than results included in these forecasts, considering many of the recognised net deferred tax assets relate to temporary differences and tax</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:452.84pt\">losses which, to a significant extent, may be recovered over an extended time period, but do not expire based on currently enacted tax law.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">As in all financial reporting periods, Iveco Group assessed the realizability of its various deferred tax assets, which related to multiple tax</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">jurisdictions in all regions of the world. Basically, considering all the jurisdictions in which Iveco Group operates, the only change in assessment</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">occurred with respect to the recognition of deferred tax assets in Germany and it is primarily attributable to the sale of Fire Fighting business,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">which improved future scenario in terms of tax profitability. In respect to all other losses accumulated by Group in prior periods, they were largely</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">driven by non-recurring events that impacted taxable income in the near-term, substantially all of Iveco Group\u2019s deferred tax assets have no<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2688 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">expiry date. Further, Iveco Group has a history of producing pre-tax losses in the bottom-end of economic cycles followed by generating pre-tax</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">profits during ensuing periods of economic expansion such that there is little history of its tax attributes expiring unutilised. Given the uncertainty</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">on evolution of certain macroeconomic dynamics, however, it is possible assessment changes could occur within the next twelve months, with</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.25pt\">those changes potentially having an impact on Iveco Group\u2019s results of operations.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-549": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Dividends</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Dividends payable by the Group are reported as a change in equity in the period in which they are approved by the Company\u2019s shareholders at</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.68pt\">the Annual General Meeting of Shareholders (AGM).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-550": {
   "value": "<div class=\"ps1558 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Earnings per share</span></div><div class=\"ps2844 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Basic earnings per share are calculated by dividing the Profit/(loss) attributable to owners of the parent by the weighted average number of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2846 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Common Shares outstanding during the year. Special voting shares are not included in the earnings per share calculation as they are not eligible</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">for dividends and have only limited economic rights. For diluted earnings per share, the weighted average number of Common Shares</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.21pt\">outstanding is adjusted assuming conversion of dilutive potential Common Shares.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-551": {
   "value": "<div class=\"ps5075 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Use of estimates</span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">These Consolidated Financial Statements have been prepared in accordance with EU-IFRS which require Iveco Group to make judgments,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">estimates and assumptions affecting the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps3658 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">amounts of income and expenses. The estimates and related assumptions are based on available information at the date of preparation of the</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1533 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.83pt\">financial statements, on historical experience and other relevant factors. Actual results may differ from the estimates.<span class=\"f ps13\"> </span></span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Estimates and assumptions are reviewed periodically, and the effects of any changes are recognised in the period in which the estimate is</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:26.22pt\">periods.</span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:255.28pt\">There are no key sources of estimation uncertainty and no critical judgements.</span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The following are the main judgments and assumptions concerning the future that Iveco Group has made in the process of applying its accounting</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:187.64pt\">policies to prepare its Consolidated Financial Statements.<span class=\"f ps13\"> </span></span></div><div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div><div class=\"ps1180 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for obsolete and slow-moving inventory</span></div><div class=\"ps4130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The allowance for obsolete and slow-moving inventory reflects management\u2019s estimate of the expected loss in value and has been determined on</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16570 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the basis of past experience and historical and expected future trends in the used vehicle market. A worsening of the economic and financial</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16571 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">situation could cause a further deterioration in conditions in the used vehicle market compared to that taken into consideration in calculating the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:163.9pt\">allowances recognised in the financial statements.</span></div><div class=\"ps3539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recoverability of non-current assets</span></div><div class=\"ps3540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Non-current assets include property, plant and equipment, intangible assets, investments and other non-current financial assets. The Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">reviews the carrying value of non-current assets held and used and that of assets to be disposed of when events and circumstances warrant such</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:29.49pt\">a review.</span><span class=\"f charStyle-24b91321 ps16572\" style=\"width:2.05pt\"> </span></div><div class=\"ps3543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The analysis of the recoverable amount of non-current assets is usually performed using estimates of future expected cash flows from the use or</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">disposal of the asset and an appropriate discount rate in order to calculate present value. If the carrying amount is deemed to be impaired, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Group recognises an impairment loss for the amount by which the carrying amount of the asset exceeds its estimated recoverable amount from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:340.94pt\">use or disposal determined by reference to the cash flows included in its most recent business forecasts.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.18pt\">In view of the present economic and financial situation, the Group made the following considerations in respect of its future prospects:</span></div><div class=\"ps16573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">when carrying out impairment testing of tangible and intangible assets, the Group took into account its expected performance in the upcoming</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps7043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:365.56pt\">years. Iveco Group extended such projections for subsequent years to appropriately cover the period of analysis</span><span class=\"f charStyle-24b91321 ps16574\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">should the assumptions underlying the forecast deteriorate further, the following is noted: the Group\u2019s tangible and intangible assets with a finite</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">useful life (mostly development costs) relate to models or products with high technological content in line with the latest environmental laws and</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">regulations, which consequently makes them competitive in the current economic environment, especially in the more mature economies in</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">which particular attention is placed on the eco-sustainability of those types of products. Consequently, despite the fact that the capital goods</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">sector is one of the markets which could be most affected by a potential crisis in the immediate term, management considers that is highly</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">probable that the life cycle of these products can be lengthened to extend over the period of time involved in a slower economic recovery,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:372.89pt\">allowing the Group to achieve sufficient cash flows to cover the investments, although over a longer period of time.</span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Residual values of assets leased out under operating lease arrangements or sold with a buy-back commitment</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group records assets rented to customers or leased to them under operating lease as tangible assets. Furthermore, new vehicle sales with</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">a buy-back commitment are not recognised as sales at the time of delivery but are accounted for as operating lease if it is probable that the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">vehicle will be bought back. Income from such operating lease is recognised on a straight-line basis over the term of the lease. Depreciation</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">expense for assets subject to operating lease is recognised on a straight-line basis over the lease term in amounts necessary to reduce the cost</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">of an asset to its estimated residual value at the end of the lease term. The estimated residual value of leased assets is calculated at the lease</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">commencement date on the basis of published industry information and historical experience and are reviewed quarterly. Realization of the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1379 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">residual values is dependent on Iveco Group\u2019s future ability to market the assets under the then-prevailing market conditions. The Group</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">continually evaluates whether events and circumstances have occurred which impact the estimated residual values of the assets on operating</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">lease. The used vehicle market was carefully monitored to ensure that write-downs were properly determined. However, it cannot be excluded</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:294.56pt\">that additional write-downs may be required if market conditions should deteriorate further.</span></div><div class=\"ps551 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Sales allowances</span></div><div class=\"ps1223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Iveco Group grants sales incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">announced to dealers, Iveco Group records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">of revenue. The expense for new programs is accrued at the inception of the program. The amounts of incentives to be paid are estimated. The</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps1227 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">determination of sales allowances requires management to make estimates based upon historical data, estimated future market demand for</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:397.05pt\">products, field inventory levels, announced incentive programs, competitive pricing and interest rates, among other things.</span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Product warranties</span></div><div class=\"ps509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group makes provisions for estimated expenses related to product warranties at the time products are sold. Management establishes these</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">estimates based on historical information on the nature, frequency and average cost of warranty claims. The Group seeks to improve vehicle</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">quality and minimize warranty expenses arising from claims. Warranty costs may differ from those estimated if actual claim rates are higher or</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.61pt\">lower than historical rates.</span></div><div class=\"ps6399 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension and other post-employment benefits</span></div><div class=\"ps6401 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Group companies sponsor pension and other post-employment benefits in various countries, mainly in the United Kingdom, Germany, Italy, and</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps8396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.14pt\">Switzerland.</span></div><div class=\"ps4207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Employee benefit liabilities, related assets, costs and net interest connected with them are measured on an actuarial basis which requires the use</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">of estimates and assumptions to determine the net defined benefit liability/asset for the Group. The actuarial method takes into consideration</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">parameters of a financial nature such as the discount rate and the rate of salary increases and takes into consideration the likelihood of potential</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps5259 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">future events by using demographic parameters such as mortality rates and dismissal or retirement rates. The discount rates selected are based</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6076 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">on yields or yield curves of high-quality corporate bonds in the relevant market. Trends in healthcare costs are developed on the basis of historical</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">experience, the near-term outlook for costs and likely long-term trends. Rates of salary increases reflect the Group\u2019s long-term actual</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">expectations in the reference market and inflation trends. Changes in any of these assumptions may have an effect on future contributions to the</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps7610 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:19.67pt\">plans.</span></div><div class=\"ps1257 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The effects resulting from revising the estimates for the above parameters (\u201cre-measurements\u201d) are recognised directly in other comprehensive</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps8390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:408.51pt\">income without reclassification to profit or loss in subsequent years: see \u201cEmployee benefits\u201d section above for further details.</span></div><div class=\"ps528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Future changes in the yields of corporate bonds, other actuarial assumptions referred to above and returns on plan assets may impact the net</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.82pt\">liability/asset.</span></div><div class=\"ps2880 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recognition of deferred tax assets</span></div><div class=\"ps2881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.46pt\">At </span><span class=\"f charStyle-24b91321 ps16575\" style=\"width:63.58pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16576\" style=\"width:267.21pt\">, Iveco Group had net deferred tax assets, including tax loss carry forwards, of \u20ac</span><span class=\"f charStyle-24b91321 ps16577\" style=\"width:12.3pt\">758</span><span class=\"f charStyle-24b91321 ps16578\" style=\"width:61.96pt\"> million, of which \u20ac</span><span class=\"f charStyle-24b91321 ps16579\" style=\"width:12.3pt\">147</span><span class=\"f charStyle-24b91321 ps16580\" style=\"width:49.23pt\"> million are not</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps2882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:227.46pt\">recognised in the financial statements. The corresponding totals at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16581\" style=\"width:64.62pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16582\" style=\"width:26.09pt\"> were \u20ac</span><span class=\"f charStyle-24b91321 ps16583\" style=\"width:12.3pt\">895<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16584\" style=\"width:46.29pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16585\" style=\"width:12.3pt\">169</span><span class=\"f charStyle-24b91321 ps16586\" style=\"width:86.86pt\"> million. Management has</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recognised deferred tax assets it believes are probable to be recovered considering amounts from budgets and plans consistent with those used</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12345 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">for other purposes within Iveco Group, for example impairment testing, as discussed in the paragraph \u201cRecoverability of non-current assets\u201d</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps12346 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">above. Iveco Group believes the amount of recognised deferred tax assets is appropriate, despite the risk of actual future results potentially being</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps5492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">less than results included in these forecasts, considering many of the recognised net deferred tax assets relate to temporary differences and tax</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:452.84pt\">losses which, to a significant extent, may be recovered over an extended time period, but do not expire based on currently enacted tax law.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">As in all financial reporting periods, Iveco Group assessed the realizability of its various deferred tax assets, which related to multiple tax</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">jurisdictions in all regions of the world. Basically, considering all the jurisdictions in which Iveco Group operates, the only change in assessment</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">occurred with respect to the recognition of deferred tax assets in Germany and it is primarily attributable to the sale of Fire Fighting business,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">which improved future scenario in terms of tax profitability. In respect to all other losses accumulated by Group in prior periods, they were largely</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">driven by non-recurring events that impacted taxable income in the near-term, substantially all of Iveco Group\u2019s deferred tax assets have no<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2688 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">expiry date. Further, Iveco Group has a history of producing pre-tax losses in the bottom-end of economic cycles followed by generating pre-tax</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">profits during ensuing periods of economic expansion such that there is little history of its tax attributes expiring unutilised. Given the uncertainty</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">on evolution of certain macroeconomic dynamics, however, it is possible assessment changes could occur within the next twelve months, with</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:269.25pt\">those changes potentially having an impact on Iveco Group\u2019s results of operations.</span></div><div class=\"ps16593 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Contingent liabilities</span></div><div class=\"ps16594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group is the subject of legal proceedings and tax issues covering a range of matters, which are pending in various jurisdictions. Due to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">uncertainty inherent in such matters, it is difficult to predict the final outcome of such matters. The cases and claims against Iveco Group often</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16596 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">raise difficult and complex factual and legal issues, which are subject to many uncertainties, including but not limited to the facts and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">circumstances of each particular case and claim, the jurisdiction and the differences in applicable law. In the normal course of business</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">management consults with legal counsel and other experts on matters related to litigation and taxes. The Group accrues a liability when it is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16599 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">determined that an adverse outcome is probable, and the amount of the loss can be reasonably estimated. In the event an adverse outcome is</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.55pt\">possible, or an estimate is not determinable, the matter is disclosed. See Note 27 \"Commitments and contingencies\" for additional details.</span></div><div class=\"ps16601 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Climate related matters </span></div><div class=\"ps16602 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The Company has established specific functions and structures within its respective business units to monitor the relevant emerging policies and</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">regulatory developments at local and global level (especially in Europe, where regulatory pressure is greater). The resulting analyses are</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16604 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">incorporated into the Company\u2019s strategy to ensure full compliance with applicable laws. The shifts in consumer preferences and demand towards</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16605 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">sustainable transport solutions, driven by both an increase in climate-related awareness and more stringent regulations, may result in potential</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps16606 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">risks for manufacturers that must adapt to the evolving market. To counter this, Iveco Group applies these shifts to the development of its product</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16607 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">portfolio to steer R&amp;D focus towards sustainable technologies (e.g., biofuels, electrified solutions and hydrogen) and ensure the resilience of its</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">business model. In particular, in 2025, R&amp;D investments mainly focused on zero-emission vehicles, electrification, multi-fuel energy solutions, and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16609 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">digitalization. To ensure the timely delivery of its strategy, the Company has established specific targets linked to the environmental performance</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16611 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:203.65pt\">of its manufacturing processes, logistics, and product portfolio.</span><span class=\"f charStyle-24b91321 ps16610\" style=\"width:2.05pt\"> </span></div><div class=\"ps16612 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Based on the analysis of climate-related risks and opportunities, Iveco Group defined a decarbonization strategy, which in turn has been</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16613 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">incorporated within, and regularly influences, the Group\u2019s Strategic Business Plan. To further address the potential impacts of climate change,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group has implemented relevant projects and a number of other specific climate-related topics and has defined long-term strategic targets</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:87.97pt\">that aim to reduce the CO</span><span class=\"f charStyle-d5c0f051 ps16615\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps16616\" style=\"width:385.25pt\"> emissions along the entire value chain (e.g., in manufacturing plants, in logistics processes, during the use of sold</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps16618 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.78pt\">products).</span></div><div class=\"ps16619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">There has been increasing interest in how climate change will impact the Group\u2019s business. Iveco Group recognises the importance of climate</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">change risk and promotes a responsible use of resources and a reduction of the environmental impact of production to mitigate climate change. In</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">this context, Iveco Group has adopted an environmental policy that applies to all Group locations and divisions and has set up a structure</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16622 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:331.05pt\">dedicated to control environmental pollution, waste, and water disposal as well as emission reduction.</span></div><div class=\"ps16623 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Group considers climate-related matters in estimates and assumptions, assessing the possible impacts due to both physical and transitional</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16624 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">risks. The Group is closely monitoring relevant changes and developments, such as new climate-related legislation, even though climate-related</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16625 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">risks might not currently have a significant impact on measurement. In particular, considering the financial statements information are presented</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16626 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">through historical values which, by their nature, do not fully capture future events, all assumptions and estimates underlying the preparation of the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16627 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">following items, identified as most directly impacted by climate-related matters, were subject to an analysis in order to identify and address the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16629 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:251.61pt\">new uncertainties related to climate changes which could affect the business:</span><span class=\"f charStyle-24b91321 ps16628\" style=\"width:2.05pt\"> </span></div><div class=\"ps16632 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:89.81pt\">going concern assessment</span><span class=\"f charStyle-24b91321 ps16630\" style=\"width:7.2pt\">: t</span><span class=\"f charStyle-24b91321 ps16631\" style=\"width:371.9pt\">he Group\u2019s assessment is that no material uncertainties exist about its ability to continue as a going concern,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16633 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">considering the uncertainties that may arise from climate-related factors related to introduction of legislation that could directly affect the</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps16635 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:225.76pt\">Group\u2019s business model, or giving rise to increased compliance costs</span><span class=\"f charStyle-24b91321 ps16634\" style=\"width:2.05pt\"> </span></div><div class=\"ps16637 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-ffd11920 ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:148.16pt\">useful lives of tangible and intangible assets:</span><span class=\"f charStyle-24b91321 ps16636\" style=\"width:320.83pt\"> the Group regularly reviews the expected useful lives of tangible and intangible assets, including</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps16638 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469.01pt\">capitalised development costs, considering in this assessment also the climate-related matters, such as climate-related legislation and</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16639 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">regulations that may restrict the use of assets. The analysis performed did not result in any adjustments of the useful lives in the current year.</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps16640 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">See sections \u201cAccounting policies \u2013 Intangible assets; Property, plant and equipment\u201d; and \u201cUse of estimates - Recoverability of non-current</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16641 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:130.72pt\">assets\u201d of these Notes for further details</span></div><div class=\"ps16643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-ffd11920 ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:114.9pt\">impairment of non-current assets: t</span><span class=\"f charStyle-24b91321 ps16642\" style=\"width:354.1pt\">he Group reviews the carrying value of non-current assets when required by events and circumstances. For</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps16644 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">goodwill and intangible assets with indefinite useful lives such analysis is carried out at least annually. In assessing the recoverable amount of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">non-current assets, the Group also considered the impact of climate change risk on future cash flows. No financial impacts to the current year</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">impairment assessment were identified. See section \u201cUse of estimates - Recoverability of non-current assets\u201d and Note 12 \u201cIntangible assets\u201d of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16647 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:96.7pt\">these Notes for further details</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps671\" style=\"width:33.18pt\">provisions</span><span class=\"f charStyle-24b91321 ps16648\" style=\"width:435.69pt\">: the Group assessed the impact of climate-related matters on provisions, for instance, additional levies or penalties related to</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">environmental requirements, contracts that may become onerous, or restructurings to achieve climate-related targets. This assessment did not</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">result in any further provisions to reflect in the Consolidated Financial Statements. See Note 23 \u201cOther provisions\u201d and Note 27 \u201cCommitments</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:121.28pt\">and contingencies\u201d for further details.</span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Furthermore, the Group provides additional benefits to key executive officers and select employees through equity incentive plans by means of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">performance awards (\u201cPSUs\u201d) and non-performance awards (\u201cRSUs\u201d). The PSUs vest subject to achievement of Company performance goals for</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">the performance period. One of the performance metrics foreseen in the equity incentive plan (2023-2025 LTIP Awards, 2024-2026 LTIP Awards</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:133.76pt\">and 2025-2027 LTIP Awards) is the CO</span><span class=\"f charStyle-d5c0f051 ps16649\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps16650\" style=\"width:339.56pt\"> emissions reduction. This could impact the future amount of the recognition of share-based payment</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:376.2pt\">expense in the income statement. See Note 21 \u201cEquity\u201d for further details on the Group share-based compensation.</span><span class=\"f charStyle-24b91321 ps16651\" style=\"width:2.05pt\"> </span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Referring to sustainable finance, in November 2023, Iveco Group signed a \u20ac450 million term loan facility with the European Investment Bank (the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">\u201cEIB\u201d) with an 8-year amortisation profile, which represented the first tranche of the \u20ac500 million total approved by the EIB. In July 2024, the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">second and last \u20ac50 million tranche has been executed with full drawing in October 2024. The resources made available by the EIB will enable</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group to develop innovative technologies and architectures in the field of electric propulsion and to increase efficiency, safety, driving</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">comfort and productivity by further developing solutions for autonomous driving, digitalisation and vehicle connectivity. See Note 24 \u201cDebt\u201d for</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:46.7pt\">further details.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-554": {
   "value": "<div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-553": {
   "value": "<div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div><div class=\"ps18691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Trade receivables</span></div><div class=\"ps16722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:20.88pt\">As of </span><span class=\"f charStyle-24b91321 ps18692\" style=\"width:64.72pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18693\" style=\"width:18.42pt\"> and </span><span class=\"f charStyle-24b91321 ps18694\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1519\" style=\"width:138.22pt\">, Iveco Group had trade receivables of \u20ac</span><span class=\"f charStyle-24b91321 ps18695\" style=\"width:12.3pt\">336</span><span class=\"f charStyle-24b91321 ps18696\" style=\"width:46.44pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18697\" style=\"width:12.3pt\">405</span><span class=\"f charStyle-24b91321 ps18698\" style=\"width:146.36pt\"> million, respectively. Trade receivables are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:112.05pt\">shown net of loss allowances of \u20ac</span><span class=\"f charStyle-24b91321 ps18699\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps18700\" style=\"width:44.52pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18701\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18702\" style=\"width:34.27pt\"> million at </span><span class=\"f charStyle-24b91321 ps18703\" style=\"width:63.44pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18704\" style=\"width:17.14pt\"> and </span><span class=\"f charStyle-24b91321 ps18705\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18706\" style=\"width:171.84pt\">, respectively. The allowances are determined using</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps18708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.73pt\">the simplified approach as permitted by IFRS 9 for trade receivables, consisting in the use of lifetime expected loss.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:196.67pt\">Changes in the loss allowances for trade receivables during </span><span class=\"f charStyle-24b91321 ps18709\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18712\" style=\"width:54.48pt\"> were as follows:</span><span class=\"f charStyle-24b91321 ps18713\" style=\"width:2.05pt\"> </span></div><div class=\"ps18727 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:261pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1532\"><div><div class=\"ps8886 ss1531\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18714 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18715 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18717 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18718 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18719 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18716\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18721 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Write-offs and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18723 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18722\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18724 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18725 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">32<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18726 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.46pt\">The allowances at </span><span class=\"f charStyle-24b91321 ps18728\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18729\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18730\" style=\"width:205.72pt\"> have been determined using the following expected loss rates:</span></div><div class=\"ps18807 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:27pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:23.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18733 ss597\"><div><div class=\"ps961 ss596\"><span class=\"f charStyle-81df793a ps18732\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5980 ss414\"><div><div class=\"ps961 ss413\"><span class=\"f charStyle-81df793a ps18734\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18736 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18739 ss1238\"><div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps18737\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps18738\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18742 ss1240\"><div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18740\">61-90 days<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps18741\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18743 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss94\"><div><div class=\"ps2250 ss62\"><span class=\"f charStyle-81df793a ps18744\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5985 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18747 ss1284\"><div><div class=\"ps2249 ss1188\"><span class=\"f charStyle-81df793a ps18745\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps18746\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18751 ss1236\"><div><div class=\"ps2248 ss722\"><span class=\"f charStyle-81df793a ps18748\">61-90 <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss722\"><span class=\"f charStyle-81df793a ps18749\">days</span></div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps18750\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18753 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1533\"><div><div class=\"ps9140 ss976\"><span class=\"f charStyle-bd419927 ps22\">Expected loss rate <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss976\"><span class=\"f charStyle-bd419927 ps22\">(in %)</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18754 ss1535\"><div><div class=\"ps15197 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">%<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18757 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18760 ss617\"><div><div class=\"ps9141 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps18758\"></span><span class=\"ps18758\">\u2014</span><span class=\"ps18759\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18763 ss1537\"><div><div class=\"ps9141 ss399\"><span class=\"f charStyle-bd419927\"><span class=\"ps18761\"></span><span class=\"ps18761\">\u2014</span><span class=\"ps18762\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18766 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">32</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18768 ss104\"><div><div class=\"ps9141 ss62\"><span class=\"f charStyle-bd419927\"><span class=\"ps13844\"></span><span class=\"ps13844\">9</span><span class=\"ps18767\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18769 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18772 ss1538\"><div><div class=\"ps9141 ss1188\"><span class=\"f charStyle-bd419927\"><span class=\"ps18770\"></span><span class=\"ps18770\">\u2014</span><span class=\"ps18771\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18775 ss1539\"><div><div class=\"ps9141 ss722\"><span class=\"f charStyle-bd419927\"><span class=\"ps18773\"></span><span class=\"ps18773\">\u2014</span><span class=\"ps18774\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18776 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">29</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18778 ss1540\"><div><div class=\"ps9141 ss458\"><span class=\"f charStyle-bd419927\"><span class=\"ps10282\"></span><span class=\"ps10282\">6</span><span class=\"ps18777\">%</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1541\"><div><div class=\"ps18779 ss976\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps2120 ss976\"><span class=\"f charStyle-bd419927 ps22\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18780 ss1542\"><div><div class=\"ps14312 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18782 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">271<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18783 ss1544\"><div><div class=\"ps2120 ss3\"><span class=\"f charStyle-bd419927 ps9182\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18785 ss1545\"><div><div class=\"ps2120 ss399\"><span class=\"f charStyle-bd419927 ps18784\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18786 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1547\"><div><div class=\"ps2120 ss62\"><span class=\"f charStyle-bd419927 ps10820\">368<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18787 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">320<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18789 ss1548\"><div><div class=\"ps2120 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18790 ss1549\"><div><div class=\"ps2120 ss722\"><span class=\"f charStyle-bd419927 ps11580\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18791 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">72<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18792 ss1550\"><div><div class=\"ps2120 ss458\"><span class=\"f charStyle-bd419927 ps17689\">430<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1690 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps22\">Loss allowance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18793 ss1551\"><div><div class=\"ps14309 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18795 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18797 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18798 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18088\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18799 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18801 ss1553\"><div><div class=\"ps961 ss62\"><span class=\"f charStyle-bd419927 ps18800\">(32)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18802 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18803 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18804 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18805 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18806 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-bd419927 ps17698\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Trade receivables have significant concentrations of credit risk in Truck and Bus Business Units. There is not a disproportionate concentration of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps18809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.35pt\">credit risk in any geographic region.</span></div><div class=\"ps18810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Industrial Activities businesses sell a significant portion of their trade receivables to Financial Services and provide compensation to Financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps18811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.37pt\">Services at approximate market interest rates.</span></div><div class=\"ps18812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:351.94pt\">, trade receivables for an amount of \u20ac11 million and \u20ac3 million, respectively, were written off by Iveco Group.</span></div><div class=\"ps18813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Charge-offs of principal amounts of trade receivables outstanding are deducted from the allowance at the point when it is estimated that amounts</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When recoveries are</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps18815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.74pt\">collected, these are recognised as income.</span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:189.98pt\">The ageing of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:63.58pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18845\" style=\"width:17.28pt\"> and </span><span class=\"f charStyle-24b91321 ps11816\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18846\" style=\"width:188.69pt\"> is as follows (receivables are primarily related to Europe</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.98pt\">region):</span></div><div class=\"ps18876 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,623<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,852<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(149)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps230 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">101<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,912<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,935<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">219<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">5,154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Receivables from financing activities have significant concentrations of credit risk in the Truck Business Unit. On a geographic basis, the credit</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps18880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.2pt\">risk concentration is mainly located into the Europe area.</span><span class=\"f charStyle-24b91321 ps18879\" style=\"width:2.05pt\"> </span></div><div class=\"ps18881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:455.64pt\">Iveco Group typically retains as collateral a security interest in the vehicles associated with retail notes, wholesale notes and finance leases.</span></div><div class=\"ps18882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For further information on credit risk for Receivables from financing activities and internal risk grades, see Note 30 \"Information on financial risks\",</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:75.76pt\">paragraph \u201cCredit risk\u201d.</span></div><div class=\"ps18885 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Loss a</span><span class=\"f charStyle-94965b2e ps18884\">llowance - Receivables from financing activities</span></div><div class=\"ps18890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.16pt\">Loss allowance for receivables from financing activities (retail and wholesale) </span><span class=\"f charStyle-24b91321 ps18886\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18887\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18888\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18889\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18970 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-81df793a ps18891\">Year ended 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18894 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18896 ss1563\"><div><div class=\"ps961 ss1562\"><span class=\"f charStyle-81df793a ps18895\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1564\"><div><div class=\"ps17220 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18903 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18906 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18907 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18911 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss630\"><div><div class=\"ps17222 ss3\"><span class=\"f charStyle-81df793a ps18912\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss3\"><span class=\"f charStyle-81df793a ps15893\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a ps18913\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18915 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18916 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18918 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18920 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18922 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18923 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18924 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18925 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18927 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18929 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18931 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18932 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18934 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18935 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18937 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18938 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18939 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18940 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18941 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13497 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18942 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18943 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18945 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18946 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18948 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18947\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18950 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18951 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18952 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18953 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps10991\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18954 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18955 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18956 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18957 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18958 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">149<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1572\"><div><div class=\"ps2180 ss764\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss764\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18961 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18962 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18963 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18964 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18965 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,361<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18966 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps966\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18967 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18969 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.38pt\">At </span><span class=\"f charStyle-24b91321 ps18971\" style=\"width:63.42pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18972\" style=\"width:180.95pt\">, the change in loss allowance for the retail portfolio is </span><span class=\"f charStyle-24b91321 ps18973\" style=\"width:222.33pt\">primarily due to utilization of allowance for write-offs, mainly on one</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:256.5pt\">customer in Italy and two in Romania, and the reversal on one Italian customer</span><span class=\"f charStyle-24b91321 ps18974\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:266.22pt\">For the wholesale portfolio, the change in loss allowance is mainly due to </span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.87pt\">the accruals related to the increase in individual allowances</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">concentrated on a few customers, partially offset by certain write-offs mainly on three customers in Italy, while the collective allowances</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.41pt\">decreased due to lower volumes covered</span><span class=\"f charStyle-24b91321 ps18975\" style=\"width:2.05pt\">.</span></div><div class=\"ps19026 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1583 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:92.25pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18978 ss1578\"><div><div class=\"ps961 ss1577\"><span class=\"f charStyle-81df793a ps18977\">Year ended 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18979 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15136 ss1579\"><div><div class=\"ps961 ss553\"><span class=\"f charStyle-81df793a ps18980\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1580\"><div><div class=\"ps17220 ss935\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18981 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18982 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5828 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18983 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15139 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18985 ss1581\"><div><div class=\"ps17224 ss316\"><span class=\"f charStyle-81df793a ps18984\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss316\"><span class=\"f charStyle-81df793a ps17228\">Lifetime ECL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18986 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18987 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18989 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18990 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18991 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18992 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18517 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18994 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18995 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18997 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18996\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18998 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18999 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11592\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19000 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19001 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18520 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19002 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13495 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19003 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19004 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19005 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19006 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19007 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps3824\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18523 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19009 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19010 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19011 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19012 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19013 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19014 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19015 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18526 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19016 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1582\"><div><div class=\"ps2180 ss935\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss935\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19017 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19018 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19019 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19020 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19021 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,701<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19023 ss321\"><div><div class=\"ps1327 ss316\"><span class=\"f charStyle-81df793a ps19022\">200<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19024 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">106<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19025 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19027 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.48pt\">At </span><span class=\"f charStyle-24b91321 ps11830\" style=\"width:63.62pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps11831\" style=\"width:402.99pt\">, the change in loss allowance for the retail portfolio was mainly related to the release of stage 2 collective allowances for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19028 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">four large Italian customers upon their upgrade from stage 2 to stage 1. For the wholesale portfolio, the change in loss allowance is mainly due to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19029 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the increase in individual allowances concentrated on a few customers, while the collective allowances remained flat compared to 31 December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2023.</span></div><div class=\"ps19031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.2pt\">In all periods, additions to and reversals from loss allowances have been included in cost of sales.</span></div><div class=\"ps13428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Further information on loss allowance for receivables from financing activities is provided in Note 30 \u201cInformation on financial risks\u201d, paragraph</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19032 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.11pt\">\u201cCredit risk\u201d.</span></div><div class=\"ps19033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Finance lease receivables mainly relate to vehicles leased out under finance lease arrangements. The interest rate implicit in the lease is</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps19034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">determined at the commencement of the lease for the whole lease term. The average interest rate implicit in total finance lease receivables varies</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.55pt\">depending on prevailing market interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps19042 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:232.76pt\">The item may be analysed as follows, stated gross of an allowance of \u20ac</span><span class=\"f charStyle-24b91321 ps19036\" style=\"width:8.2pt\">57<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19037\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps19038\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19039\" style=\"width:8.6pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps19040\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps19041\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps13135\" style=\"width:62.7pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9373\" style=\"width:4.5pt\">):</span></div><div class=\"ps19050 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19043 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">38<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">27<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">17<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19045 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19047 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Undiscounted receivables for future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Unearned finance income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18830 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Present value of future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15417 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15418 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transfers of financial receivables</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.4pt\">The Group transfers a number of its financial receivables to securitisation programs or factoring transactions.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">A securitisation transaction entails the sale of a portfolio of receivables to a securitisation vehicle. This structured entity finances the purchase of</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">the receivables through asset-backed financing. Asset-backed financing are divided into classes according to their degree of seniority and rating:</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the most senior classes are placed with investors on the market; the junior class, whose repayment is subordinated to the senior classes, is</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">normally subscribed for by the seller. The residual interest in the receivables retained by the seller is therefore limited to the junior securities it has</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.12pt\">subscribed for. In accordance with IFRS 10 \u2013 </span><span class=\"f charStyle-50993fa8 ps19058\" style=\"width:117.64pt\">Consolidated Financial Statements</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:194.24pt\">, all securitisation vehicles are included in the scope of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">consolidation because the subscription of the junior note of the asset-backed securitisation by the seller implies its control in substance over the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:54.5pt\">structured entity.</span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Furthermore, factoring transactions may be either with recourse or without recourse; without recourse transfers include deferred payment clauses</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">(for example, when the payment by the factor of a minor part of the purchase price is dependent on the total amount collected from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">receivables), requiring first loss cover, meaning that the transferor takes priority participation in the losses, or requires a significant exposure to the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">cash flows arising from the transferred receivables to be retained. These types of transactions do not comply with the requirements of IFRS 9 \u2013</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:70.58pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps19060\" style=\"width:405.38pt\"> for the derecognition of the assets, since the risks and rewards connected with collection are not substantially transferred<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">and, accordingly, the Group continues to recognise the receivables transferred by this means in its Consolidated Statement of Financial Position</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:314.63pt\">and recognises a financial liability of the same amount under Asset-backed financing (see Note <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19061\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps19062\" style=\"width:153.18pt\"> \u201cDebt\u201d). The gains and losses arising from the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:259.43pt\">transfer of these assets are only recognised when the assets are derecognised.</span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.33pt\">At </span><span class=\"f charStyle-24b91321 ps19063\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19064\" style=\"width:400.32pt\">, the carrying amounts of such transferred financial assets not derecognised (constituted entirely of Receivables from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.49pt\">financing activities) amounted to \u20ac3,019 million (\u20ac</span><span class=\"f charStyle-24b91321 ps19065\" style=\"width:18.45pt\">3,410</span><span class=\"f charStyle-24b91321 ps19066\" style=\"width:38.2pt\"> million at </span><span class=\"f charStyle-24b91321 ps19067\" style=\"width:66.06pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19068\" style=\"width:181.81pt\">) and the related liability amounted to \u20ac3,019 million</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:18.45pt\">3,410</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:34.12pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps19069\" style=\"width:63.34pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19070\" style=\"width:16.21pt\">). At </span><span class=\"f charStyle-24b91321 ps19071\" style=\"width:63.34pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19072\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-24b91321 ps162\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19073\" style=\"width:240.58pt\">, the carrying amount of assets and of the related liabilities were equal to</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:87.67pt\">their respective fair values.</span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.63pt\">Iveco Group has discounted receivables and bills without recourse having due dates beyond </span><span class=\"f charStyle-24b91321 ps19074\" style=\"width:65.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19075\" style=\"width:91.19pt\"> amounting to \u20ac280 million</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.01pt\">(\u20ac325\u00a0million at </span><span class=\"f charStyle-24b91321 ps18565\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8231\" style=\"width:219.65pt\">, with due dates beyond that date), which refer to trade receivables.</span></div><div class=\"ps8357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.82pt\">The following table provides an analysis by due date of the notional amount of outstanding derivative financial instruments at </span><span class=\"f charStyle-24b91321 ps19267\" style=\"width:63.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps8360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:14.35pt\">and </span><span class=\"f charStyle-24b91321 ps2051\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps10691\" style=\"width:2.05pt\">:</span></div><div class=\"ps19310 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:276.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19271 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19275 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19277 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19279 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19282 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19283 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19284 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19286 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19287 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17537 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19288 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">565<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps767 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19289 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,270<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19290 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19291 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19292 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,766<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19293 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19294 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19295 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19296 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19297 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2346 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19298 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19299 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19300 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19301 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2348 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19302 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19303 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19304 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19305 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">650<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19306 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,238<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19307 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19308 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19309 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,853<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps723 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">19. Cash and cash equivalents</span></div><div class=\"ps19311 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.78pt\">Cash and cash equivalents consist of:<span class=\"f ps13\"> </span></span></div><div class=\"ps19313 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:300.75pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss745\"><div><div class=\"ps8886 ss744\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11256 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11258 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Cash at banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11260 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">2,502<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11261 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">3,120<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Restricted cash<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11264 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19312 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">96<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Money market securities and other cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11265 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">370<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11266 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-81df793a ps22\">Total Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11269 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">2,953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11271 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">3,513<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19314 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Amounts shown are readily convertible into cash and are subject to an insignificant risk of changes in value. Restricted cash mainly consists of</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.44pt\">Central Bank deposits established for regulatory purposes by a subsidiary benefitting from a banking license.<span class=\"f ps13\"> </span></span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The credit risk associated with Cash and cash equivalents is considered not significant, because it mainly relates to deposits spread across</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:176.96pt\">primary national and international financial institutions.</span></div><div class=\"ps20589 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Debt</span></div><div class=\"ps20590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The following table presents the Group's contractual undiscounted cash flows, including expected interest payments, relating to Debt, as well as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.54pt\">an analysis of Debt by nature:</span></div><div class=\"ps20690 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:106.5pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:32.25pt\"></td><td style=\"padding:0;width:36.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20593 ss1704\"><div><div class=\"ps961 ss703\"><span class=\"f charStyle-81df793a ps20592\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20595 ss1705\"><div><div class=\"ps961 ss1059\"><span class=\"f charStyle-81df793a ps20594\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1707\"><div><div class=\"ps20596 ss1706\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20603 ss1708\"><div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps20599\">within one </span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps20601\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14881 ss1709\"><div><div class=\"ps3931 ss511\"><span class=\"f charStyle-81df793a ps20604\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20598 ss511\"><span class=\"f charStyle-81df793a ps20605\">between </span></div><div class=\"ps20600 ss511\"><span class=\"f charStyle-81df793a ps20606\">one and <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss511\"><span class=\"f charStyle-81df793a ps20607\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20609 ss1710\"><div><div class=\"ps20598 ss1184\"><span class=\"f charStyle-81df793a ps20608\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps20602 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18459 ss1711\"><div><div class=\"ps20602 ss276\"><span class=\"f charStyle-81df793a ps16291\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1712\"><div><div class=\"ps20600 ss785\"><span class=\"f charStyle-81df793a ps20610\">Carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss785\"><span class=\"f charStyle-81df793a ps1795\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20612 ss1711\"><div><div class=\"ps20598 ss276\"><span class=\"f charStyle-81df793a ps2652\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss276\"><span class=\"f charStyle-81df793a ps14941\">within </span></div><div class=\"ps20602 ss276\"><span class=\"f charStyle-81df793a ps20611\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20613 ss1708\"><div><div class=\"ps3931 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps14691\">between <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps15894\">one and <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps14674\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20615 ss1708\"><div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps20614\">beyond </span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps14674\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20616 ss1713\"><div><div class=\"ps20602 ss1015\"><span class=\"f charStyle-81df793a ps16112\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20618 ss1710\"><div><div class=\"ps20600 ss1184\"><span class=\"f charStyle-81df793a ps20617\">Carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss1184\"><span class=\"f charStyle-81df793a ps19550\">amount</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Asset-backed financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20619 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">3,187<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20620 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19890\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20621 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20622 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">3,191<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20623 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">3,166<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20624 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps11255\">3,576<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20625 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11570\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20626 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20627 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">3,580<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20628 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">3,558<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8492 ss1714\"><div><div class=\"ps961 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Other debt:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8497 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Borrowings from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20629 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">562<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20631 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps20630\">1,798<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14481 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20632 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">2,447<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20633 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">2,274<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20634 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">728<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20635 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,663<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20636 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">168<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20637 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">2,559<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20638 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">2,344<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps322 ss1715\"><div><div class=\"ps2039 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Payables represented by <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20639 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11580\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20640 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20641 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20642 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17953\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20643 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps18909\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20644 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17953\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20645 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20646 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20647 ss1081\"><div><div class=\"ps1327 ss1015\"><span class=\"f charStyle-81df793a ps4962\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20648 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-81df793a ps17950\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20649 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20650 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11580\">62<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20651 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19882\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20652 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">49<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20653 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps17941\">216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20654 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps13852\">189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20655 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17953\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20656 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">111<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20657 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11580\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20658 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps17431\">230<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20659 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2613 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-3769e72f ps8271\">Other</span><span class=\"f charStyle-a5ada9bf ps20660\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20661 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">369<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20662 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19890\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20663 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20664 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps17941\">373<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20665 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps13852\">373<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20666 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">168<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10350 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11570\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20667 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20668 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps17431\">170<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20669 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">170<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14971 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Total Other debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20670 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,052<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20671 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps20630\">1,905<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20672 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20673 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">3,095<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20674 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">2,895<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20675 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">996<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20676 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,776<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20677 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">222<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20678 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">2,994<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20679 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">2,748<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11009 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-81df793a ps22\">Total Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20680 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11555\">4,239<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20681 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-81df793a ps20630\">1,909<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20682 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20683 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">6,286<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20684 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">6,061<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20685 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">4,572<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20686 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11555\">1,780<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20687 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11563\">222<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20688 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">6,574<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20689 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">6,306<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:15.6pt\">(1) At </span><span class=\"f charStyle-5ad4a1b7 ps20691\" style=\"width:48.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-5ad4a1b7 ps20692\" style=\"width:44.93pt\">, Other includes \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps20693\" style=\"width:9.57pt\">164</span><span class=\"f charStyle-5ad4a1b7 ps9807\" style=\"width:153.27pt\"> million of net financial payables to Discontinued Operations.</span></div><div class=\"ps20703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:57.14pt\">Total Debt was \u20ac</span><span class=\"f charStyle-24b91321 ps20695\" style=\"width:18.45pt\">6,061</span><span class=\"f charStyle-24b91321 ps20696\" style=\"width:34.99pt\"> million at </span><span class=\"f charStyle-24b91321 ps20697\" style=\"width:63.92pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20698\" style=\"width:57.37pt\">, a decrease of \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20699\" style=\"width:12.3pt\">245</span><span class=\"f charStyle-24b91321 ps20700\" style=\"width:70.43pt\"> million compared to <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20701\" style=\"width:63.92pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20702\" style=\"width:97.44pt\"> primarily as a result of lower</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:250.74pt\">Financial Services portfolio and the repayment of Debt of Industrial Activities.</span></div><div class=\"ps16925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The item Asset-backed financing represents the financing received through both asset-backed securitisations and factoring transactions which do</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps20705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:364.7pt\">not meet IFRS 9 derecognition requirements and are recognised as assets in the statement of financial position.</span><span class=\"f charStyle-24b91321 ps20704\" style=\"width:2.05pt\"> </span></div><div class=\"ps20710 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.99pt\">Referring to Lease liabilities, in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20706\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps20707\" style=\"width:9.92pt\">, \u20ac</span><span class=\"f charStyle-24b91321 ps16451\" style=\"width:8.2pt\">69</span><span class=\"f charStyle-24b91321 ps16452\" style=\"width:132.46pt\"> million for the principal portion and \u20ac</span><span class=\"f charStyle-24b91321 ps20708\" style=\"width:4.1pt\">9</span><span class=\"f charStyle-24b91321 ps20709\" style=\"width:194pt\"> million for interest expenses related to Lease liabilities,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.73pt\">respectively, were paid (\u20ac</span><span class=\"f charStyle-24b91321 ps6412\" style=\"width:8.2pt\">67</span><span class=\"f charStyle-24b91321 ps20711\" style=\"width:187.83pt\"> million for the principal portion of Lease liabilities and \u20ac</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:8.2pt\">10</span><span class=\"f charStyle-24b91321 ps20712\" style=\"width:186.01pt\"> million for interest expenses, respectively, were paid in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps10031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).</span></div><div class=\"ps10130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:222.87pt\">The following table sets out a maturity analysis of Lease liabilities at </span><span class=\"f charStyle-24b91321 ps20714\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps12314\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20715\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20716\" style=\"width:2.05pt\">:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1716 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:315.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1678\"><div><div class=\"ps8886 ss1677\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps20166 ss652\"><div><div class=\"ps313 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;padding:0\"><div class=\"ps20718 ss652\"><div><div class=\"ps313 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps20167 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">62<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps19324 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">65<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20168 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20719 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">44<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20720 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20721 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20722 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20723 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20724 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20725 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">15<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20726 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">49<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20727 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-81df793a ps22\">Total undiscounted lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20728 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20729 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">230<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Less: Interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps20730 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps9506\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps20731 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps9506\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-81df793a ps22\">Total Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20732 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20733 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.82pt\">At </span><span class=\"f charStyle-24b91321 ps20734\" style=\"width:64.3pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20735\" style=\"width:401.97pt\">, the weighted average remaining lease term (calculated on the basis of the remaining lease term and the lease liability</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20262 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:280.32pt\">balance for each lease) and the weighted average discount rate for leases were </span><span class=\"f charStyle-24b91321 ps20736\" style=\"width:10.25pt\">6.2</span><span class=\"f charStyle-24b91321 ps20737\" style=\"width:40.74pt\"> years and </span><span class=\"f charStyle-24b91321 ps20738\" style=\"width:16.81pt\">4.1%</span><span class=\"f charStyle-24b91321 ps20739\" style=\"width:50.36pt\">, respectively (</span><span class=\"f charStyle-24b91321 ps20740\" style=\"width:10.25pt\">6.3</span><span class=\"f charStyle-24b91321 ps20741\" style=\"width:40.74pt\"> years and </span><span class=\"f charStyle-24b91321 ps20742\" style=\"width:16.81pt\">4.3%</span><span class=\"f charStyle-24b91321 ps20743\" style=\"width:9.62pt\"> at</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps20744\" style=\"width:2.05pt\"> </span></div><div class=\"ps20745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">In April 2025, Iveco Group established its Euro Medium Term Note Programme for the issuance of Notes totalling up to a maximum amount of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps20748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">\u20ac2</span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:2.34pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps10212\" style=\"width:215.93pt\">billion, which is listed on the regulated market of Euronext Dublin.</span><span class=\"f charStyle-24b91321 ps20746\" style=\"width:47.27pt\"> Furthermore, </span><span class=\"f charStyle-24b91321 ps20747\" style=\"width:202.28pt\">Iveco Group has established a commercial paper program. In</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.56pt\">Europe, IC Financial Services S.A. issued commercial paper under the program which had an amount of \u20ac59 million outstanding at </span><span class=\"f charStyle-24b91321 ps20749\" style=\"width:44.44pt\">31\u00a0December<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20753 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:49.96pt\"> (\u20ac35\u00a0million at </span><span class=\"f charStyle-24b91321 ps20751\" style=\"width:62.7pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16958\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps20752\" style=\"width:2.05pt\"> </span></div><div class=\"ps20754 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">As of 31 December 2025, the credit rating assigned by Fitch Ratings to Iveco Group N.V. is a Long-Term Issuer Default Rating (IDR) of \u2018BBB-\u2019.</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20755 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.46pt\">The Rating Watch is positive.</span></div><div class=\"ps20756 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:373.7pt\">For further information on the management of interest rate and currency risk reference should be made to Note 30.</span></div><div class=\"ps20761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.93pt\">At </span><span class=\"f charStyle-24b91321 ps20757\" style=\"width:64.52pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20758\" style=\"width:18.22pt\"> and </span><span class=\"f charStyle-24b91321 ps20759\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20760\" style=\"width:366.87pt\">, there was no significant debt secured with mortgages and other liens on assets of the Group, and the total</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20766 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:221.24pt\">carrying amount of assets acting as security was not significant at </span><span class=\"f charStyle-24b91321 ps20762\" style=\"width:63.66pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20763\" style=\"width:17.36pt\"> and </span><span class=\"f charStyle-24b91321 ps20764\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20765\" style=\"width:157.44pt\">. In addition, the Group\u2019s assets include current</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20768 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:355.14pt\">receivables and cash with a pre-determined use reserved primarily to settle asset-backed financing of \u20ac</span><span class=\"f charStyle-24b91321 ps13100\" style=\"width:18.45pt\">3,166</span><span class=\"f charStyle-24b91321 ps11248\" style=\"width:37.09pt\"> million at </span><span class=\"f charStyle-24b91321 ps20767\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps20771 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:18.45pt\">3,558</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps20769\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20770\" style=\"width:4.5pt\">).</span></div><div class=\"ps20773 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">25. Trade payables</span></div><div class=\"ps20774 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:183.18pt\">An analysis by due date of Trade payables is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20789 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:208.5pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7671 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1717\"><div><div class=\"ps9091 ss87\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7680 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20780 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18642 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20783 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1719\"><div><div class=\"ps961 ss87\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20785 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,719<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20786 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20787 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20788 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,753<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5728 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss383\"><div><div class=\"ps961 ss234\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,947<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,956<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21033 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">30. Information on financial risks </span></div><div class=\"ps21034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.63pt\">We are exposed to the following financial risks connected with our operations:</span></div><div class=\"ps21035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:138.87pt\">credit risk related to our financing activities</span></div><div class=\"ps21037 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-2b67eced ps903\" style=\"width:1.63pt\">l</span><span class=\"f charStyle-24b91321 ps21036\" style=\"width:434.7pt\">iquidity risk, with particular reference to the availability of funds and access to the credit market and to financial instruments in general</span></div><div class=\"ps21039 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:184.34pt\">market risk (primarily exchange rates and interest rates).</span><span class=\"f charStyle-2b67eced ps21038\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.56pt\">We attempt to actively manage these risks.</span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:2.05pt\"> </span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The quantitative data reported in the following paragraphs does not have any predictive value. In particular, the sensitivity analysis on market risks</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.41pt\">does not reflect the complexity of the market or the reaction, which may result from any changes that are assumed to take place.</span></div><div class=\"ps21040 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Credit risk</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The Group\u2019s credit risk differs in relation to the activities carried out by the segments and sales markets in which we operate; in all cases,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:272.07pt\">however, the risk is mitigated by the large number of counterparties and customers.</span><span class=\"f charStyle-24b91321 ps21041\" style=\"width:2.05pt\"> </span></div><div class=\"ps12333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets are recognised in the statement of financial position net of write-downs for the risk that counterparties may be unable to fulfil their<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.68pt\">contractual obligations, determined on the basis of the available information as to the creditworthiness of the customer and historical data.</span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The maximum credit risk to which we were theoretically exposed at the reporting date is represented by the carrying amounts stated for financial</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:436.42pt\">assets in the statement of financial position and the nominal value of the guarantees provided on debt or commitments of third parties.</span><span class=\"f charStyle-24b91321 ps21042\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Dealers and final customers are generally subject to specific assessments of their creditworthiness under a detailed scoring system. In addition to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">carrying out this evaluation process, we may also obtain financial and non-financial guarantees for risks arising from credit granted for the sale of</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">commercial vehicles. These guarantees are further secured, where possible, by retention of title clauses or specific guarantees on financed</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:296.67pt\">vehicle sales to the distribution network and on vehicles under finance leasing agreements.</span><span class=\"f charStyle-24b91321 ps21043\" style=\"width:2.05pt\"> </span></div><div class=\"ps2895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">A financial asset has experienced a significant increase in credit risk when the customer shows signs of operational or financial weakness</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">including past dues, which requires significant collection effort and monitoring and generally occurs when the customer becomes past due greater</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">than 30 days. The assessment considers available information regarding the financial stability of the customer and other market/industry data. An</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.16pt\">account is typically considered in default when they are 90 days past due.</span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:472.79pt\">Iveco Group utilises three categories for receivables from financing activities that reflect their credit risk and how the loan provision is determined.</span></div><div class=\"ps21055 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1745 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:76.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:205.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:109.5pt\"></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps2 ss1739\"><div><div class=\"ps1327 ss285\"><span class=\"f charStyle-81df793a ps22\">Internal risk grade<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21045 ss1740\"><div><div class=\"ps1327 ss998\"><span class=\"f charStyle-81df793a ps22\">IFRS 9 classification<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21046 ss1669\"><div><div class=\"ps1327 ss384\"><span class=\"f charStyle-81df793a ps22\">Definition<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps3758 ss1741\"><div><div class=\"ps2180 ss1689\"><span class=\"f charStyle-81df793a ps22\">Basis for recognition of expected <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1689\"><span class=\"f charStyle-81df793a ps22\">credit loss provision</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps37 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21047 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21048 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Low risk of default; payments are generally less than 30 days past <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21049 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">12 month expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2333 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21050 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21051 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Significant increase in credit risk; payments generally between 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">and 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21052 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2388 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Non-performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21053 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21054 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Accounts are credit impaired and/or a legal action has been initiated; <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">payments generally greater than 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps3775 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Write-offs of principal amounts of receivables from financing activities outstanding are deducted against the allowance when it is estimated that</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21057 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the amounts due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21058 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.81pt\">recoveries are collected, these are recognised in profit or loss.</span></div><div class=\"ps6113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Iveco Group\u2019s loss allowance for receivables from financing activities is segregated into two portfolio segments: retail and wholesale. A portfolio</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">segment is the level at which Iveco Group develops a systematic methodology for determining its loss allowance. Typically, Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">receivables within a portfolio segment have similar risk profiles and methods for assessing and monitoring risk. These classes align with</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps21061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.21pt\">management reporting.</span></div><div class=\"ps21062 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps15386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.09pt\">loss rates, Iveco Group considers historical loss rates for each category of customer and adjusts for forward-looking macroeconomic data.</span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">In calculating the expected credit losses, Iveco Group\u2019s calculations depend on whether the receivable has been individually identified as being</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">impaired. The first component of loss allowance covers the receivables individually reviewed by management for which Iveco Group has</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">determined it is probable that it will not collect all of the contractual principal and interest. Receivables are individually reviewed for impairment</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">based on, among other items, amounts outstanding, days past due and prior collection history. Expected credit losses are measured by</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">considering: the unbiased and probability-weighted amount; the time value of money; and reasonable and supportable information (available</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">without undue costs or effort) at the reporting date about past events, current conditions and forecasts of future economic conditions. Expected</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21065 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.49pt\">credit losses are measured as the probability-weighted present value of all cash shortfalls over the expected life of each financial asset.</span></div><div class=\"ps16376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The second component of loss allowance covers all receivables that have not been individually reviewed for impairment. The allowance for these</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">receivables is based on aggregated portfolio evaluations, generally by financial product. The allowance for wholesale and retail credit losses is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value,</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps21066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward-looking</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">macroeconomic factors. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps21068 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.31pt\">the adequacy of the allowance. These qualitative factors are subjective and require a degree of management judgment.</span></div><div class=\"ps21069 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Liquidity risk</span></div><div class=\"ps21070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:360.57pt\">We are exposed to funding risk if there is difficulty in obtaining finance for operations at any given point in time.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The cash flows, funding requirements and liquidity of our subsidiaries are monitored on a centralized basis. The aim of this centralized system is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.46pt\">to optimize the efficiency and effectiveness of the management of our capital resources.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Additionally, as part of our activities, we regularly carry out funding operations on the various financial markets which may take on different</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:349.52pt\">technical forms and which are aimed at ensuring that it has an adequate level of current and future liquidity.</span></div><div class=\"ps1211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Measures taken to generate financial resources through operations and to maintain an adequate level of available liquidity are an important factor</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">in ensuring normal operating conditions and addressing strategic challenges. We therefore plan to meet our requirements to settle liabilities as</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">they fall due and to cover expected capital expenditures by using cash flows from operations and available liquidity, renewing or refinancing bank</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.2pt\">loans and making recourse to the bond market and other forms of funding.</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The main factors that determine our liquidity situation are the funds generated by or used in operating and investing activities and the debt lending</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.95pt\">period and its renewal features or the liquidity of the funds employed and market terms and conditions.</span></div><div class=\"ps544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">Iveco Group has adopted a series of policies and procedures whose purpose is to optimize the management of funds and to reduce the liquidity</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:49.97pt\">risk, as follows:</span></div><div class=\"ps547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:467.06pt\">centralizing the management of receipts and payments, where it may be economical in the context of the local statutory, currency and fiscal</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps903\" style=\"width:167.99pt\">regulations of the countries in which we are present</span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:163.87pt\">maintaining an adequate level of available liquidity</span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:407.34pt\">diversifying the means by which funds are obtained and maintaining a continuous and active presence on the capital markets</span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:99.98pt\">obtaining adequate credit lines<span class=\"f ps13\"> </span></span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:195.03pt\">monitoring future liquidity on the basis of business planning.</span></div><div class=\"ps3324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:360.51pt\">Details as to the repayment structure of the Iveco Group\u2019s financial assets and liabilities are provided in Note </span><span class=\"f charStyle-24b91321 ps21071\" style=\"width:8.2pt\">17</span><span class=\"f charStyle-24b91321 ps21072\" style=\"width:107.19pt\"> \u201cCurrent Receivables and Other</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps6759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.7pt\">current financial assets\u201d and in Note </span><span class=\"f charStyle-24b91321 ps21073\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps21074\" style=\"width:333.89pt\"> \u201cDebt\u201d. Details of the repayment structure of derivative financial instruments are provided in Note </span><span class=\"f charStyle-24b91321 ps21075\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6997 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.11pt\">\u201cDerivative assets and Derivative liabilities\u201d.</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Management believes that the funds currently available, together with the funds that will be generated from operating and financing activities, will</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">enable Iveco Group to satisfy its requirements resulting from its investing activities and working capital needs and to fulfil its obligations to repay</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7000 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:109.42pt\">its debts at their natural due date.</span></div><div class=\"ps3137 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Market risk</span></div><div class=\"ps1175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.04pt\">We operate in numerous markets worldwide and are exposed to market risks stemming from fluctuations in currency and interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps1176 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The exposure to foreign currency risk arises both in connection with the geographical distribution of our industrial activities compared to the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps3329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.32pt\">markets in which we sell our products, and in relation to the use of external borrowing denominated in foreign currencies.</span></div><div class=\"ps3144 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The exposure to interest rate risk arises from the need to fund industrial and financial operating activities and the necessity to deploy surplus</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">funds. Changes in market interest rates may have the effect of either increasing or decreasing our profit/(loss), thereby indirectly affecting the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.65pt\">costs and returns of financing and investing transactions.</span></div><div class=\"ps3148 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">We regularly assess our exposure to foreign currency and interest rate risk and manage those risks through the use of derivative financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3151 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.5pt\">instruments in accordance with our established risk management policies.</span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Our policy permits derivatives to be used only for managing the exposure to fluctuations in exchange and interest rates connected with future</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps622 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:229.07pt\">cash flows and assets and liabilities, and not for speculative purposes.</span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:299.1pt\">We utilise derivative financial instruments designated as fair value hedges, mainly to hedge:</span></div><div class=\"ps16567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20510\" style=\"width:240.91pt\">the currency risk on financial instruments denominated in foreign currency</span></div><div class=\"ps21076 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20510\" style=\"width:181.51pt\">the interest rate risk on fixed rate loans and borrowings.</span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">The instruments used for these hedges are mainly currency swaps, forward contracts, interest rate swaps and combined interest rate and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1301 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:99.55pt\">currency financial instruments.</span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:312.22pt\">We use derivative financial instruments as cash flow hedges for the purpose of pre-determining:</span></div><div class=\"ps5009 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:350.77pt\">the exchange rate at which forecasted transactions denominated in foreign currencies will be accounted for;</span></div><div class=\"ps16556 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:466.98pt\">the interest paid on borrowings, both to match the fixed interest received on loans (customer financing activity), and to achieve a pre-defined</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps3551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps903\" style=\"width:184.39pt\">mix of floating versus fixed rate funding structured loans.</span></div><div class=\"ps3552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The exchange rate exposure on forecasted commercial flows is hedged by currency swaps, forward contracts and currency options. Interest rate</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps21077 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:337.24pt\">exposures are usually hedged by interest rate swaps and, in limited cases, by forward rate agreements.</span></div><div class=\"ps21078 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:258.94pt\">Counterparties to these agreements are major and diverse financial institutions.<span class=\"f ps13\"> </span></span></div><div class=\"ps4154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.46pt\">Information on the fair value of derivative financial instruments held at the balance sheet date is provided in Note </span><span class=\"f charStyle-24b91321 ps21079\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps21080\" style=\"width:78.31pt\"> \u201cDerivative assets and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps21081 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:67.13pt\">Derivative liabilities\u201d.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Currency risk</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.89pt\">We are exposed to risk resulting from changes in exchange rates, which can affect our earnings and invested equity.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Where one of our subsidiaries incurs costs in a currency different from that of its revenues, any change in exchange rates can affect the profit/</span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:89.23pt\">(loss) of that company. In </span><span class=\"f charStyle-24b91321 ps21082\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21083\" style=\"width:370.46pt\"> the total net trade flows exposed to currency risk amounted to the equivalent of 11% of our revenue (14% in</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).<span class=\"f ps13\"> </span></span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:235.6pt\">The principal exchange rates to which we are exposed are the following:</span></div><div class=\"ps1056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:204.45pt\">EUR/GBP, predominately in relation to sales on the UK market</span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:224.48pt\">EUR/BRL, predominately in relation to import on the Brazilian market</span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:217.53pt\">EUR/TRY, predominately in relation to sales on the T\u00fcrkiye market</span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:213.04pt\">EUR/PLN, predominately in relation to sales on the Polish market</span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:258.11pt\">EUR/CZK, predominately in relation to the production of Bus in Czech Republic</span></div><div class=\"ps3523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:157.74pt\">ARS/USD, in relation to purchases from Europe.</span></div><div class=\"ps7024 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:287.88pt\">Trade flows already hedged and not exposed to changes in these exchange rates in </span><span class=\"f charStyle-24b91321 ps21084\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21085\" style=\"width:130.59pt\"> made up approximately 64% (74% in </span><span class=\"f charStyle-24b91321 ps21086\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21087\" style=\"width:24.67pt\">) of the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:161.85pt\">exposure to currency risk from trade transactions.</span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">It is the Group\u2019s policy to use derivative financial instruments to hedge a pre-determined percentage, on average between 55% and 85%, of the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">forecasted trading transaction exchange risk exposure for the coming 12 months with additional flexibility to reach 0% or 100% (including risk</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.89pt\">beyond that date where it is believed to be appropriate) and to hedge completely the exposure resulting from firm commitments.</span></div><div class=\"ps1575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Group\u2019s subsidiaries may hold trade receivables or payables denominated in a currency different from the subsidiary\u2019s functional currency. In</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2896 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">addition, in a limited number of cases, subsidiaries may obtain financing or use funds in a currency different from their functional currency.</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3325 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Changes in exchange rates may result in exchange gains or losses arising from these situations. It is our policy to hedge fully, whenever possible,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the exposure resulting from receivables, payables and securities denominated in foreign currencies different from the subsidiary\u2019s functional</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:30.32pt\">currency.</span></div><div class=\"ps8466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Group\u2019s subsidiaries may have functional currency different from the euro, which is the Group presentation currency. The income statements of</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps1173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">those subsidiaries are converted into euros using the average exchange rate for the period, and while revenues and margins are unchanged in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:462.31pt\">local currency, changes in exchange rates may lead to effects on the converted balances of revenues, costs and the results reported in euros.</span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The assets and liabilities of consolidated companies whose functional currency is different from the euro may acquire converted values in euros</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">which differ as a function of the fluctuation in exchange rates. The effects of these changes are recognised directly in the Cumulative Translation</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.93pt\">Adjustments reserve, included in Other comprehensive income (see Note </span><span class=\"f charStyle-24b91321 ps21088\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps21089\" style=\"width:4.5pt\">).</span></div><div class=\"ps5480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:387.5pt\">We monitor our principal exposure to translation exchange risk, although there was no specific hedging in place at </span><span class=\"f charStyle-24b91321 ps21090\" style=\"width:64.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21091\" style=\"width:24.14pt\">. There</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:103.27pt\">were no substantial changes in </span><span class=\"f charStyle-24b91321 ps21092\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21093\" style=\"width:261pt\"> in the nature or structure of exposure to currency risk or in our hedging policies.</span></div><div class=\"ps6234 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps6235 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The potential loss in fair value of derivative financial instruments held for currency risk management (currency swaps/forwards, currency options,</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8653 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.98pt\">interest rate and currency swaps) at </span><span class=\"f charStyle-24b91321 ps21094\" style=\"width:66.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps9574\" style=\"width:279.83pt\"> resulting from a hypothetical change of 10% in the exchange rates amounts to</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8654 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:143.28pt\">approximately \u20ac193 million (\u20ac267 million at </span><span class=\"f charStyle-24b91321 ps21095\" style=\"width:63.36pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21096\" style=\"width:269.45pt\">). The valuation model for currency options assumes that market volatility at year-</span></div><div class=\"ps8655 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:81.15pt\">end remains unchanged.</span></div><div class=\"ps8617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The underlying transactions (consisting of receivables, payables, and future trade flows) for which we put in place, as hedging transactions, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8618 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">derivative financial instruments analysed in the above mentioned sensitivity analysis, were not considered. It is reasonable to assume that</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps8619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:474.6pt\">changes in exchange rates will produce the opposite effect, of an equal or greater amount, on the underlying transactions that have been hedged.</span></div><div class=\"ps5550 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Interest rate risk</span></div><div class=\"ps5551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">Our Industrial Activities make use of external funds obtained in the form of financing and invest in monetary and financial market instruments. In</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps5552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">addition, we sell receivables. Changes in market interest rates can affect the cost of financing, including the sale of receivables, or the return on</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps5553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:304.5pt\">investments of funds, causing an impact on the level of net financial expenses incurred by us.</span></div><div class=\"ps1428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">In addition, Financial Services provides loans (mainly to customers and dealers), financing themselves primarily using various forms of external</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">borrowings or asset-backed financing (e.g., securitisation of receivables). Where the characteristics of the variability of the interest rate applied to</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps12703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">loans granted differ from those of the variability of the cost of the financing/funding obtained, changes in the current level of interest rates can</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps12704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:71.28pt\">affect our profit/(loss).</span></div><div class=\"ps1434 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:458.05pt\">In order to mitigate these risks, we use interest rate derivative financial instruments, mainly interest rate swaps and forward rate agreements.</span></div><div class=\"ps21097 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps21098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">In assessing the potential impact of changes in interest rates, we separate fixed rate financial instruments (for which the impact is assessed in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps21099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.67pt\">terms of fair value) from floating rate financial instruments (for which the impact is assessed in terms of cash flows).</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.17pt\">The fixed rate financial instruments used by us consist of retail receivables, debt, asset-backed securitisations, and other instruments.</span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The potential loss in fair value of fixed rate financial instruments (including the effect of interest rate derivative financial instruments) held at</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:64.8pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21100\" style=\"width:411.27pt\">, resulting from a hypothetical, unfavourable and instantaneous change of 10%\u00a0in market interest rates, would have been</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:124.9pt\">approximately \u20ac6 million (\u20ac4 million at </span><span class=\"f charStyle-24b91321 ps21101\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21102\" style=\"width:4.5pt\">).</span></div><div class=\"ps1211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Floating rate financial instruments consist principally of cash and cash equivalents, wholesale receivables, debt, and asset-backed securitisations.</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The effect of the sale of receivables is also considered in the sensitivity analysis as well as the effect of hedging derivative instruments. This</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">analysis doesn\u2019t include cash and cash equivalent from hyperinflationary countries which could have distorting effects on the results of the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:280.29pt\">analysis and the change in fair value of foreign exchange rate derivatives instruments.</span><span class=\"f charStyle-24b91321 ps21103\" style=\"width:2.05pt\"> </span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:198.58pt\">A hypothetical change of 10% in short-term interest rates at </span><span class=\"f charStyle-24b91321 ps21104\" style=\"width:63.24pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21105\" style=\"width:214.24pt\">, applied to floating rate financial assets and liabilities, operations</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">for the sale of receivables and derivative financial instruments, would have caused increased net expenses before taxes, on an annual basis, of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:124.9pt\">approximately \u20ac7 million (\u20ac8 million at </span><span class=\"f charStyle-24b91321 ps21101\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21102\" style=\"width:4.5pt\">).</span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">This analysis is based on the assumption that there is a hypothetical change of 10% in interest rates across homogeneous categories. A</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:400.35pt\">homogeneous category is defined on the basis of the currency in which the financial assets and liabilities are denominated.</span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Other risks on derivative financial instrument</span><span class=\"f charStyle-94965b2e ps21106\">s</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:395.02pt\">We have entered limited derivative contracts linked to commodity prices to hedge specific exposures on supply contracts.</span></div><div class=\"ps7097 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps7098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">In the event of a hypothetical change of 10% in the underlying raw materials prices, the potential loss in fair value of outstanding derivative</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.43pt\">financial instruments at </span><span class=\"f charStyle-24b91321 ps4071\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21107\" style=\"width:253.63pt\"> linked to commodity prices would not have been significant (not significant at </span><span class=\"f charStyle-24b91321 ps21108\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21109\" style=\"width:4.5pt\">).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-552": {
   "value": "<div class=\"ps1579 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Allowance for doubtful accounts</span></div><div class=\"ps8463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The allowance for doubtful accounts for trade receivables and contract assets reflects Iveco Group\u2019s estimate of expected lifetime credit losses,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:405.32pt\">and it is measured at an amount equal to the present value of the cash shortfalls over the expected life of the financial asset.<span class=\"f ps13\"> </span></span></div><div class=\"ps3133 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The allowance for doubtful accounts for receivables from financing activities reflects management\u2019s estimate of forward-looking expected credit</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">losses (ECL) in the wholesale and retail credit portfolio. This requires considerable judgement about how changes in economic factors affect</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">ECLs, which is determined on a probability-weighted basis. The ECL model applies to financial assets accounted for at amortized cost and at fair</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">value through other comprehensive income, lease receivables, and certain loan commitments and financial guarantee contracts. The loss</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.52pt\">allowances will be measured on either of the following bases:</span></div><div class=\"ps4117 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:383.98pt\">12 months ECLs: these are ECLs that result from possible default events within the 12 months after the reporting date</span></div><div class=\"ps4125 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:390.07pt\">lifetime ECLs: these are ECLs that result from all possible default events over the expected life of a financial instrument.</span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.87pt\">See Note 17 \u201cCurrent receivables and Other current financial assets\u201d for additional details on the calculation of allowance for credit losses.</span></div><div class=\"ps3539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Recoverability of non-current assets</span></div><div class=\"ps3540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Non-current assets include property, plant and equipment, intangible assets, investments and other non-current financial assets. The Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">reviews the carrying value of non-current assets held and used and that of assets to be disposed of when events and circumstances warrant such</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:29.49pt\">a review.</span><span class=\"f charStyle-24b91321 ps16572\" style=\"width:2.05pt\"> </span></div><div class=\"ps3543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The analysis of the recoverable amount of non-current assets is usually performed using estimates of future expected cash flows from the use or</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">disposal of the asset and an appropriate discount rate in order to calculate present value. If the carrying amount is deemed to be impaired, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps3549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Group recognises an impairment loss for the amount by which the carrying amount of the asset exceeds its estimated recoverable amount from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7038 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:340.94pt\">use or disposal determined by reference to the cash flows included in its most recent business forecasts.</span></div><div class=\"ps16537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.18pt\">In view of the present economic and financial situation, the Group made the following considerations in respect of its future prospects:</span></div><div class=\"ps16573 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">when carrying out impairment testing of tangible and intangible assets, the Group took into account its expected performance in the upcoming</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps7043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:365.56pt\">years. Iveco Group extended such projections for subsequent years to appropriately cover the period of analysis</span><span class=\"f charStyle-24b91321 ps16574\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">should the assumptions underlying the forecast deteriorate further, the following is noted: the Group\u2019s tangible and intangible assets with a finite</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">useful life (mostly development costs) relate to models or products with high technological content in line with the latest environmental laws and</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">regulations, which consequently makes them competitive in the current economic environment, especially in the more mature economies in</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">which particular attention is placed on the eco-sustainability of those types of products. Consequently, despite the fact that the capital goods</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">sector is one of the markets which could be most affected by a potential crisis in the immediate term, management considers that is highly</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">probable that the life cycle of these products can be lengthened to extend over the period of time involved in a slower economic recovery,</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:372.89pt\">allowing the Group to achieve sufficient cash flows to cover the investments, although over a longer period of time.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-555": {
   "value": "<div class=\"ps16593 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Contingent liabilities</span></div><div class=\"ps16594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group is the subject of legal proceedings and tax issues covering a range of matters, which are pending in various jurisdictions. Due to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16595 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">uncertainty inherent in such matters, it is difficult to predict the final outcome of such matters. The cases and claims against Iveco Group often</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16596 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">raise difficult and complex factual and legal issues, which are subject to many uncertainties, including but not limited to the facts and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">circumstances of each particular case and claim, the jurisdiction and the differences in applicable law. In the normal course of business</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">management consults with legal counsel and other experts on matters related to litigation and taxes. The Group accrues a liability when it is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16599 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">determined that an adverse outcome is probable, and the amount of the loss can be reasonably estimated. In the event an adverse outcome is</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16600 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.55pt\">possible, or an estimate is not determinable, the matter is disclosed. See Note 27 \"Commitments and contingencies\" for additional details.</span></div><div class=\"ps7726 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">27. Commitments and contingencies </span></div><div class=\"ps7728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">As a global company with a diverse business portfolio, Iveco Group in the ordinary course of business is exposed to numerous legal risks,</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">including, without limitation, dealers and suppliers litigation, intellectual property rights disputes, product warranty and defective product claims,</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">product performance liability, asbestos, personal injury, regulatory and contractual issues, competition law, anti-corruption and other<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:261.77pt\">investigations, environmental claims. All significant matters are described below.</span></div><div class=\"ps3238 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The outcome of any current or future proceedings, claims, or investigations cannot be predicted with certainty. Adverse decisions in some of</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">these proceedings, claims or investigations could require Iveco Group to pay substantial damages or fines or undertake service actions, recall</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">campaigns or other costly actions. It is therefore possible that legal judgments could give rise to expenses that are not covered, or not fully</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps20869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:348.32pt\">covered, by insurers\u2019 compensation payments and could affect Iveco Group\u2019s financial position and results.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">When it is probable that an outflow of resources embodying economic benefits will be required to settle obligations and this amount can be</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">reliably estimated, Iveco Group recognises specific provisions for this purpose. Contingent liabilities estimated by the Group, for which no</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.58pt\">provisions have been recognised since an outflow of resources is not considered probable at the present time, were not material at </span><span class=\"f charStyle-24b91321 ps8730\" style=\"width:44.43pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps8731\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps8732\" style=\"width:2.05pt\">.</span><span class=\"f charStyle-24b91321 ps20870\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Although the ultimate outcome of legal matters pending against Iveco Group cannot be predicted, Iveco Group believes the reasonable possible</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">range of losses for these unresolved legal matters in addition to the amounts accrued would not have a material effect on its Consolidated<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.69pt\">Financial Statements, except for the following cases.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-557": {
   "value": "<div class=\"ps1275 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">New standards and amendments effective from 1 January 2025</span></div><div class=\"ps3253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3b2bc29d ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:136.23pt\">On 15 August 2023, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16672\" style=\"width:330.55pt\">Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability</span><span class=\"f charStyle-24b91321 ps16673\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps3254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">clarifying how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps3255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">exchangeability is lacking, as well as requiring an entity to provide the disclosure that enables to understand the impact of a currency not being</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps3256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:377.53pt\">exchangeable. The amendments are effective for annual reporting periods beginning on or after 1 January 2025. </span><span class=\"f charStyle-24b91321 ps16674\" style=\"width:91.47pt\">These amendments had no</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps1388 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.05pt\">impact on these Consolidated Financial Statements.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-556": {
   "value": "<div class=\"ps1275 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">New standards and amendments effective from 1 January 2025</span></div><div class=\"ps3253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-3b2bc29d ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:136.23pt\">On 15 August 2023, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16672\" style=\"width:330.55pt\">Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability</span><span class=\"f charStyle-24b91321 ps16673\" style=\"width:2.05pt\">,</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps3254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">clarifying how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps3255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">exchangeability is lacking, as well as requiring an entity to provide the disclosure that enables to understand the impact of a currency not being</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps3256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:377.53pt\">exchangeable. The amendments are effective for annual reporting periods beginning on or after 1 January 2025. </span><span class=\"f charStyle-24b91321 ps16674\" style=\"width:91.47pt\">These amendments had no</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps1388 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:170.05pt\">impact on these Consolidated Financial Statements.</span></div><div class=\"ps505 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Accounting standards, amendments and interpretations not yet applicable and not early adopted by the Group</span></div><div class=\"ps506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.96pt\">The main accounting standards, amendments, and interpretations not yet applicable and not early adopted by the Group are the following:</span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:128.92pt\">on 30 May 2024, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16744\" style=\"width:256.29pt\">Amendments to the Classification and Measurement of Financial Instruments</span><span class=\"f charStyle-24b91321 ps16745\" style=\"width:83.69pt\"> (Amendments to IFRS 9</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps3307 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">and IFRS 7), to address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps509 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:5.26pt\">- </span><span class=\"f charStyle-50993fa8 ps16746\" style=\"width:75.67pt\">Financial Instruments. </span><span class=\"f charStyle-24b91321 ps16747\" style=\"width:387.99pt\">In particular, these amendments clarify the classification of financial assets with environmental, social and corporate</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">governance (ESG) and similar features, the settlement of liabilities through electronic payment systems and introduce additional disclosure</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">requirements regarding investments in equity instruments designated at fair value through other comprehensive income and financial</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">instruments with contingent features. The amendments will be effective for annual reporting periods beginning on or after 1 January 2026. The</span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> </span></div><div class=\"ps513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:272.94pt\">Group does not expect any material impact from the adoption of these amendments</span></div><div class=\"ps5255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:118.31pt\">on 18 July 2024, the IASB issued </span><span class=\"f charStyle-50993fa8 ps16748\" style=\"width:228.37pt\">Annual Improvements to IFRS Accounting Standards \u2014 Volume 11</span><span class=\"f charStyle-24b91321 ps16749\" style=\"width:122.24pt\"> which contains amendments to five</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps5256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">standards as result of IASB\u2019s annual improvements project. The IASB uses the annual improvements process to make necessary, but non-</span></div><div class=\"ps517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">urgent, amendments to IFRS Accounting Standards that will not be included as part of another major project. The amended standards are:</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:16.79pt\">IFRS</span><span class=\"f charStyle-24b91321 ps16750\" style=\"width:2.41pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps16751\" style=\"width:11.37pt\">1 - </span><span class=\"f charStyle-50993fa8 ps16752\" style=\"width:216pt\">First-time Adoption of International Financial Reporting Standards</span><span class=\"f charStyle-24b91321 ps16753\" style=\"width:35.03pt\">, IFRS 7 - </span><span class=\"f charStyle-50993fa8 ps16754\" style=\"width:187.4pt\">Financial Instruments: Disclosures and its accompanying</span><span class=\"f charStyle-50993fa8 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:115.75pt\">Guidance on implementing IFRS 7</span><span class=\"f charStyle-24b91321 ps16755\" style=\"width:36.67pt\">, IFRS 9 - </span><span class=\"f charStyle-50993fa8 ps16756\" style=\"width:70.82pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps16757\" style=\"width:40.77pt\">, IFRS 10 - </span><span class=\"f charStyle-50993fa8 ps16758\" style=\"width:115.44pt\">Consolidated Financial Statements</span><span class=\"f charStyle-24b91321 ps16759\" style=\"width:46.89pt\">, and IAS 7 - </span><span class=\"f charStyle-50993fa8 ps16760\" style=\"width:42.58pt\">Statement of</span><span class=\"f charStyle-50993fa8 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:39.25pt\">Cash Flows</span><span class=\"f charStyle-24b91321 ps16761\" style=\"width:429.64pt\">. The amendments are effective on or after 1 January 2026 and earlier application is permitted. The Group does not expect any</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps2778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:182.34pt\">material impact from the adoption of these amendments</span></div><div class=\"ps5809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:144.83pt\">on 18 December 2024, the IASB issued the </span><span class=\"f charStyle-50993fa8 ps16762\" style=\"width:292.23pt\">Amendments to IFRS 9 and IFRS 7 - Contracts Referencing Nature-dependent Electricity</span><span class=\"f charStyle-24b91321 ps16763\" style=\"width:31.78pt\">, to clarify</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">the application of the \"own-use\" requirements for in-scope contracts, permitting hedge accounting if these contracts are used as hedging</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps5811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">instruments and adding new disclosure requirements. The amendments are effective for annual periods beginning on or after 1 January 2026,</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps3265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:397.45pt\">with earlier application permitted. The Group does not expect any material impact from the adoption of these amendments</span></div><div class=\"ps5815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:155.09pt\">on 9 April 2024, the IASB issued IFRS 18 - </span><span class=\"f charStyle-50993fa8 ps16764\" style=\"width:171.76pt\">Presentation and Disclosure in Financial Statemen</span><span class=\"f charStyle-24b91321 ps16765\" style=\"width:91.16pt\">ts which replaces IAS 1 - </span><span class=\"f charStyle-50993fa8 ps16766\" style=\"width:50.92pt\">Presentation of</span><span class=\"f charStyle-50993fa8 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:69.96pt\">Financial Statements</span><span class=\"f charStyle-24b91321 ps16767\" style=\"width:399.04pt\">, carrying forward many of the requirements in IAS 1 unchanged and complementing them with new requirements. In</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps3268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">addition, some IAS 1 paragraphs have been moved to IAS 8 and IFRS 7. Furthermore, the IASB has made minor amendments to IAS 7 and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">IAS 33. IFRS 18 introduces new requirements to the structure of the statement of profit or loss, requires disclosures on management-defined</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.98pt\">performance measures (MPMs) in the notes to the financial statements, and enhances principles on aggregation and disaggregation which</span><span class=\"f charStyle-24b91321 ps1247\" style=\"width:2.05pt\"> </span></div><div class=\"ps7355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">apply to the primary financial statements and notes in general. IFRS 18 and the amendments to the other standards are effective for reporting</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps4297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:410.53pt\">periods beginning on or after 1 January 2027, but earlier application is permitted. IFRS 18 requires a retrospective application.</span></div><div class=\"ps6381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Furthermore, at the date of these Consolidated Financial Statements, the European Union has not yet completed its endorsement process for the</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps12811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">amendments and improvements, reported below, for which the Group is currently evaluating the impact of the adoption on its Consolidated</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:118.4pt\">Financial Statements or disclosures:</span></div><div class=\"ps6384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:144.97pt\">on 9 May 2024, the IASB issued IFRS 19 -</span><span class=\"f charStyle-50993fa8 ps16768\" style=\"width:182.78pt\"> Subsidiaries without Public Accountability: Disclosures</span><span class=\"f charStyle-24b91321 ps16769\" style=\"width:141.24pt\">, which permits eligible subsidiaries to use</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps12089 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">IFRS Accounting Standards with reduced disclosures better suited to the needs of the users of their financial statements, as well as to keep</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps12090 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">only one set of accounting records to meet the needs of both their parent company and the users of their financial statements. The standard is</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16770 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:230.27pt\">effective on or after 1 January 2027 and earlier application is permitted</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:234.95pt\">on 13 November 2025, the IASB issued the Amendments to IAS 21 </span><span class=\"f charStyle-50993fa8 ps16771\" style=\"width:233.93pt\">The Effects of Changes in Foreign Exchange Rates: Translation to a</span><span class=\"f charStyle-50993fa8 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps671\" style=\"width:139.49pt\">Hyperinflationary Presentation Currency, </span><span class=\"f charStyle-24b91321 ps16772\" style=\"width:49.01pt\">which require </span><span class=\"f charStyle-24b91321 ps16773\" style=\"width:280.49pt\">translation from a non-hyperinflationary functional currency into a hyperinflationary</span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.84pt\">presentation currency at the closing rate. An entity whose functional currency and presentation currency are the currency of a hyperinflationary</span><span class=\"f charStyle-24b91321 ps3321\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">economy restates the comparative amounts of a foreign operation, whose functional currency is that of a non-hyperinflationary economy, by</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:263.55pt\">applying the general price index to the foreign operation\u2019s comparative figures. </span><span class=\"f charStyle-24b91321 ps16774\" style=\"width:205.3pt\">The amendments are effective for reporting periods beginning</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:198.29pt\">on or after 1 January 2027, with earlier application permitted.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-558": {
   "value": "<div class=\"ps16787 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-29a3054c ps18\">DISCONTINUED OPERATIONS </span></div><div class=\"ps2705 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Defence Business</span></div><div class=\"ps16788 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">On 30 July 2025, Iveco Group announced the signing of a definitive agreement to sell its Defence business (IDV and ASTRA brands) to Leonardo</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">S.p.A., for an enterprise value of \u20ac1.7 billion. The transaction is expected to be complete no later than 31 March 2026. The corporate carve out of</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">the Defence business was completed in 2025 and the required regulatory approval processes are in progress as expected. Furthermore, in the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16791 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">context of the Merger Agreement with Tata Motors, for the event that completion of the sale of the Defence business to Leonardo S.p.A. does not</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps13173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">occur prior to or on 31\u00a0March 2026, Iveco Group N.V. announced it would have taken all actions necessary to complete its spin-off through a</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps13174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">statutory demerger, which would transfer the business into a company, newly incorporated under Dutch law. Therefore, an Extraordinary General</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps13175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Meeting was convened to resolve on 25 March 2026 also upon the demerger, in accordance with the demerger proposal between the Company</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps6964 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">and IDV Group N.V. dated 11 February 2026, to become effective on the day following the execution of the notarial deed of demerger. The Board</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps6965 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">of Directors reserved the right to remove this item from the agenda of the Extraordinary General Meeting in case it becomes evident prior to the</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps12074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:424.96pt\">Extraordinary General Meeting that the sale of the Defence business to Leonardo S.p.A. has been completed or will be completed.</span><span class=\"f charStyle-24b91321 ps630\" style=\"width:2.05pt\"> </span></div><div class=\"ps8723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:88.66pt\">In accordance with IFRS 5 </span><span class=\"f charStyle-50993fa8 ps632\" style=\"width:211.26pt\">\u2013 Non-current Assets Held for Sale and Discontinued Operations</span><span class=\"f charStyle-24b91321 ps633\" style=\"width:176.11pt\">, as the sale became highly probable in July 2025, the</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps8724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Defence business met the criteria to be classified as a disposal group held for sale; it also met the criteria to be classified as Discontinued</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps8725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Operations. In accordance with applicable accounting standards, the figures in the Income Statement and Statement of Cash Flows for 2024</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5751 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:167.61pt\">comparative periods have been recast consistently.</span><span class=\"f charStyle-24b91321 ps637\" style=\"width:2.05pt\"> </span></div><div class=\"ps16792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:233.58pt\">That presentation of the Defence business has resulted in the following:</span></div><div class=\"ps7077 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:469.01pt\">the operating results of the Defence business have been excluded from the Group\u2019s Continuing Operations and are presented as a single line</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">item \"Post-tax profit of Discontinued Operations - Defence Business\" inside item \"Profit/(Loss) from Discontinued Operations, net of tax\" within</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">the Consolidated Income Statement for the years ended 31 December\u00a02025 and 2024 (the latter presented for comparative purposes). In order</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">to present the financial effects of the Discontinued Operations, revenues and expenses arising from intercompany transactions were eliminated</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">except for those revenues and expenses that are considered to continue after the disposal of the Discontinued Operations. However, no profit</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5577 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:331.1pt\">or loss has been recognised for intercompany transactions within the Consolidated Income Statement</span></div><div class=\"ps8186 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the assets and liabilities of the Defence business have been classified as Assets held for sale and Liabilities held for sale within the</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps16796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">Consolidated Statement of Financial Position at 31 December\u00a02025, while the comparative amounts at 31\u00a0December\u00a02024 have not been</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16797 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:36.86pt\">reclassified</span></div><div class=\"ps7063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">all cash flows arising from the Defence business have been presented separately in the appropriate items as Cash flows from operating,</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">investing and financing activities, respectively, from Discontinued Operations within the Consolidated Statement of Cash Flows for the years</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7065 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">ended 31 December\u00a02025 and 2024 (the latter presented for comparative purposes). These cash flows represent those arising from</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:97.5pt\">transactions with third parties.</span></div><div class=\"ps13134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The following table represents the major classes of assets and liabilities of Defence business classified as Discontinued Operations at 31</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:54.5pt\">December 2025:</span></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1325 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:347.25pt\"></td><td style=\"padding:0;width:130.5pt\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss1320\"><div><div class=\"ps10077 ss1319\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps16800 ss1322\"><div><div class=\"ps3931 ss1321\"><span class=\"f charStyle-81df793a ps15392\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9818 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Intangible assets and Property, plant and equipment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16802 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">174<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1590 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Inventories<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16803 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">722<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2333 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables and other assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16804 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">157<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2335 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Financial receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16805 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">317<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16806 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">335<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2338 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-81df793a ps22\">Total assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16807 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:108.56pt\"></span></span><span class=\"ps13570\">1,705<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2340 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Intercompany eliminations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16809 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:111.84pt\"></span></span><span class=\"ps16808\">(484)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2342 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-81df793a ps22\">Total assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16810 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:108.56pt\"></span></span><span class=\"ps13570\">1,221<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2344 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16811 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">173<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2346 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16812 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">161<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2348 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Trade payables and other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16813 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:108.56pt\"></span></span><span class=\"ps13570\">1,058<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2350 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-81df793a ps22\">Total liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16814 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:108.56pt\"></span></span><span class=\"ps13570\">1,392<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2352 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-bd419927 ps22\">Intercompany eliminations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16815 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:111.84pt\"></span></span><span class=\"ps16808\">(484)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps7406 ss1323\"><div><div class=\"ps961 ss1319\"><span class=\"f charStyle-81df793a ps22\">Total liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16816 ss1324\"><div><div class=\"ps961 ss1321\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:114.02pt\"></span></span><span class=\"ps16801\">908<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Details of income statement items included in Discontinued Operations for Defence business, after the eliminations, for the years ended</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:2.05pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps11760\" style=\"width:36.05pt\">December </span><span class=\"f charStyle-24b91321 ps16818\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:54.48pt\"> were as follows:</span></div><div class=\"ps16832 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:327pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss1327\"><div><div class=\"ps8886 ss1326\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps16404 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.13pt\"></span></span><span class=\"ps16821\">2025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps9995 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.13pt\"></span></span><span class=\"ps16821\">2024<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16407 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:52.31pt\"></span></span><span class=\"ps16822\">1,368<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:52.31pt\"></span></span><span class=\"ps16822\">1,149<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps819 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-3769e72f ps22\">Expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16410 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:50.13pt\"></span></span><span class=\"ps16823\">(1,209)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:50.13pt\"></span></span><span class=\"ps16823\">(1,059)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps821 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-81df793a ps22\">EBIT<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16413 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:57.77pt\"></span></span><span class=\"ps16824\">159<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16414 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:61.41pt\"></span></span><span class=\"ps16825\">90<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps823 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16416 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:57.77pt\"></span></span><span class=\"ps16824\">144<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16417 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:61.41pt\"></span></span><span class=\"ps16825\">71<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #026dce;padding:0\"><div class=\"ps825 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-81df793a ps22\">PROFIT/(LOSS), NET OF TAX<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16420 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:57.77pt\"></span></span><span class=\"ps16824\">108<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16421 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:61.41pt\"></span></span><span class=\"ps16825\">49<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps829 ss1328\"><div><div class=\"ps9141 ss1326\"><span class=\"f charStyle-81df793a ps22\">PROFIT/(LOSS), NET OF TAX ATTRIBUTABLE TO:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15555 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-bd419927 ps22\">Owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16826 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:57.77pt\"></span></span><span class=\"ps16824\">108<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16827 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:61.41pt\"></span></span><span class=\"ps16825\">50<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8780 ss1327\"><div><div class=\"ps961 ss1326\"><span class=\"f charStyle-bd419927 ps22\">Non-controlling interests<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16829 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:62.14pt\"></span></span><span class=\"ps16828\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16831 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:62.87pt\"></span></span><span class=\"ps16830\">(1)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16837 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:118.07pt\">In the years ended 31 December </span><span class=\"f charStyle-24b91321 ps16834\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps16835\" style=\"width:19.28pt\"> and </span><span class=\"f charStyle-24b91321 ps16836\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps7080\" style=\"width:305.92pt\">, Depreciation and amortization for Discontinued Operations amounted to \u20ac22 million and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:12.3pt\">\u20ac21</span><span class=\"f charStyle-24b91321 ps16838\" style=\"width:2.05pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps2051\" style=\"width:65.93pt\">million, respectively.</span></div><div class=\"ps16842 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:395.8pt\">Details of cash flows from/(used in) Discontinued Operations for Defence business for the years ended 31 December </span><span class=\"f charStyle-24b91321 ps9029\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps16839\" style=\"width:17.94pt\"> and </span><span class=\"f charStyle-24b91321 ps16840\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16841\" style=\"width:29.4pt\"> were as</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16843 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.57pt\">follows:</span></div><div class=\"ps16850 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:316.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss393\"><div><div class=\"ps8886 ss387\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps1489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3971\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps3924 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps3919\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1492 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16844 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927 ps6769\">49<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps819 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-bd419927 ps22\">Adjustment to reconcile profit/(loss) to cash flows from/(used in) operating activities from Defence business<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1495 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16846 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927 ps3933\">134<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps821 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-81df793a ps22\">CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES FROM DEFENCE BUSINESS<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps1497 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps9503\">159<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps16847 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps3933\">183<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps823 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-81df793a ps22\">CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES FROM DEFENCE BUSINESS<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps1500 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps16848 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps9589\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps825 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-81df793a ps22\">CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES FROM DEFENCE BUSINESS<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps1502 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #026dce;padding:0\"><div class=\"ps16849 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps9647\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16851 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">Fire Fighting Business</span></div><div class=\"ps16852 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">On 13 March 2024, Iveco Group and Mutares SE &amp; Co. KGaA announced the signing of a definitive agreement for the transfer of ownership of</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps16854 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:385.13pt\">Magirus GmbH and its affiliates performing Fire Fighting business. The transaction was completed on 3 January 2025.</span><span class=\"f charStyle-24b91321 ps16853\" style=\"width:2.05pt\"> </span></div><div class=\"ps16857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.32pt\">According to IFRS 5 \u2013 </span><span class=\"f charStyle-50993fa8 ps16855\" style=\"width:209.28pt\">Non-current Assets Held for Sale and Discontinued Operations</span><span class=\"f charStyle-24b91321 ps16856\" style=\"width:189.48pt\">, as the sale became highly probable in March 2024, the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Fire Fighting business met the criteria to be classified as a disposal group held for sale; it also met the criteria to be classified as Discontinued</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:211.18pt\">Operations, according to the assessment made by Iveco Group.</span><span class=\"f charStyle-24b91321 ps16859\" style=\"width:264.87pt\"> For further information on the 2024 presentation of the operating results, assets</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">and liabilities and cash flows of Fire Fighting business as Discontinued Operations, see paragraph \"Discontinued Operations - Fire Fighting</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:294.81pt\">business\" of the Notes to the Consolidated Financial Statements as of 31 December 2024.</span><span class=\"f charStyle-24b91321 ps16862\" style=\"width:2.05pt\"> </span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">According to IFRS 5, when non-current assets and disposal groups are classified as held for sale, they are required to be measured at the lower</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:248.99pt\">of their carrying amount and fair value less costs to sell. This measurement </span><span class=\"f charStyle-24b91321 ps16864\" style=\"width:31.14pt\">treatment</span><span class=\"f charStyle-24b91321 ps16865\" style=\"width:172.69pt\"> resulted in the recognition of a post-tax loss of \u20ac144</span><span class=\"f charStyle-24b91321 ps16866\" style=\"width:2.23pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps16867\" style=\"width:20.86pt\">million</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.85pt\">(\u20ac145</span><span class=\"f charStyle-24b91321 ps9425\" style=\"width:2.6pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps16868\" style=\"width:283.05pt\">million before tax) in the 2024 Consolidated Income Statement, included in the item \"</span><span class=\"f charStyle-24b91321 ps16869\" style=\"width:171.59pt\">Post-tax loss on the measurement to fair value less</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:209.49pt\">costs to sell of Discontinued Operations - Fire Fighting Business</span><span class=\"f charStyle-24b91321 ps16870\" style=\"width:230.35pt\">\" in the Consolidated Income Statement. Included in the same item, in </span><span class=\"f charStyle-24b91321 ps16871\" style=\"width:36.14pt\">2025 Iveco</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.57pt\">Group recorded a \u20ac9 million post-closing adjustment loss on the transfer of Fire Fighting business.</span><div class=\"ps20910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Furthermore, for completeness of information, the following table provides the Adjusted EBIT of Defence business, classified as Discontinued</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.11pt\">Operations:</span></div><div class=\"ps20916 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss61 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:329.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss816\"><div><div class=\"ps10077 ss815\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #dbdbdb;padding:0\"><div class=\"ps19174 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #dbdbdb;padding:0\"><div class=\"ps17932 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9818 ss816\"><div><div class=\"ps3931 ss815\"><span class=\"f charStyle-e7292d78 ps22\">Adjusted EBIT - Defence business</span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps20914 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">158<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps20915 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18410\">91<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:381.86pt\">There are no segment assets or liabilities reported to the CODM for assessing performance and allocating resources.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Additional reportable segment information</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:147.12pt\">Net Revenues by reportable segment for the </span><span class=\"f charStyle-24b91321 ps20918\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20919\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20920\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20921\" style=\"width:70.47pt\"> are provided in Note </span><span class=\"f charStyle-24b91321 ps20922\" style=\"width:4.1pt\">1</span><span class=\"f charStyle-24b91321 ps20923\" style=\"width:2.05pt\">.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.82pt\">The subsidiaries included in Discontinued Operations at 31 December 2025 are as follows:</span></div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:228pt\"></td><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1774\"><div><div class=\"ps2314 ss13\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps310 ss1775\"><div><div class=\"ps2314 ss1504\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps6766 ss1776\"><div><div class=\"ps2314 ss379\"><span class=\"f charStyle-81df793a ps22\">Percentage Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps21677 ss1777\"><div><div class=\"ps9632 ss13\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">Astra Veicoli Industriali S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21678 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21679 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Brasil Ltda.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21680 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19266 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Defence Vehicles Espa\u00f1a S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21681 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21682 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles France S.A.S.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21683 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21684 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3948 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles Italia S.p.A.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21685 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21686 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps13505 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES ROMANIA S.R.L.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21687 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21688 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4989 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES UK LTD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21689 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21690 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8203 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Deutschland GmbH</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21691 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-3769e72f ps22\">Germany</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21692 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Group S.r.l.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21693 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21694 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Nederland B.V.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21695 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21696 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV USA Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21697 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21698 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">Italwatt S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21699 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21700 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps159 ss1783\"><div><div class=\"ps9140 ss13\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss13\"><span class=\"f charStyle-81df793a ps22\">EQUITY METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16130 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21701 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21702 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-559": {
   "value": "<div class=\"ps8723 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:88.66pt\">In accordance with IFRS 5 </span><span class=\"f charStyle-50993fa8 ps632\" style=\"width:211.26pt\">\u2013 Non-current Assets Held for Sale and Discontinued Operations</span><span class=\"f charStyle-24b91321 ps633\" style=\"width:176.11pt\">, as the sale became highly probable in July 2025, the</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps8724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Defence business met the criteria to be classified as a disposal group held for sale; it also met the criteria to be classified as Discontinued</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps8725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Operations. In accordance with applicable accounting standards, the figures in the Income Statement and Statement of Cash Flows for 2024</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5751 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:167.61pt\">comparative periods have been recast consistently.</span><span class=\"f charStyle-24b91321 ps637\" style=\"width:2.05pt\"> </span></div><div class=\"ps16792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:233.58pt\">That presentation of the Defence business has resulted in the following:</span></div><div class=\"ps7077 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:469.01pt\">the operating results of the Defence business have been excluded from the Group\u2019s Continuing Operations and are presented as a single line</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps16793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">item \"Post-tax profit of Discontinued Operations - Defence Business\" inside item \"Profit/(Loss) from Discontinued Operations, net of tax\" within</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps16794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.94pt\">the Consolidated Income Statement for the years ended 31 December\u00a02025 and 2024 (the latter presented for comparative purposes). In order</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.97pt\">to present the financial effects of the Discontinued Operations, revenues and expenses arising from intercompany transactions were eliminated</span><span class=\"f charStyle-24b91321 ps1199\" style=\"width:2.05pt\"> </span></div><div class=\"ps523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">except for those revenues and expenses that are considered to continue after the disposal of the Discontinued Operations. However, no profit</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5577 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:331.1pt\">or loss has been recognised for intercompany transactions within the Consolidated Income Statement</span></div><div class=\"ps8186 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">the assets and liabilities of the Defence business have been classified as Assets held for sale and Liabilities held for sale within the</span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> </span></div><div class=\"ps16796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">Consolidated Statement of Financial Position at 31 December\u00a02025, while the comparative amounts at 31\u00a0December\u00a02024 have not been</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16797 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:36.86pt\">reclassified</span></div><div class=\"ps7063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">all cash flows arising from the Defence business have been presented separately in the appropriate items as Cash flows from operating,</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">investing and financing activities, respectively, from Discontinued Operations within the Consolidated Statement of Cash Flows for the years</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7065 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.95pt\">ended 31 December\u00a02025 and 2024 (the latter presented for comparative purposes). These cash flows represent those arising from</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:97.5pt\">transactions with third parties.</span></div><div class=\"ps16857 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.32pt\">According to IFRS 5 \u2013 </span><span class=\"f charStyle-50993fa8 ps16855\" style=\"width:209.28pt\">Non-current Assets Held for Sale and Discontinued Operations</span><span class=\"f charStyle-24b91321 ps16856\" style=\"width:189.48pt\">, as the sale became highly probable in March 2024, the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Fire Fighting business met the criteria to be classified as a disposal group held for sale; it also met the criteria to be classified as Discontinued</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:211.18pt\">Operations, according to the assessment made by Iveco Group.</span><span class=\"f charStyle-24b91321 ps16859\" style=\"width:264.87pt\"> For further information on the 2024 presentation of the operating results, assets</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">and liabilities and cash flows of Fire Fighting business as Discontinued Operations, see paragraph \"Discontinued Operations - Fire Fighting</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps16863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:294.81pt\">business\" of the Notes to the Consolidated Financial Statements as of 31 December 2024.</span><span class=\"f charStyle-24b91321 ps16862\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">According to IFRS 5, when non-current assets and disposal groups are classified as held for sale, they are required to be measured at the lower</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:248.99pt\">of their carrying amount and fair value less costs to sell. This measurement </span><span class=\"f charStyle-24b91321 ps16864\" style=\"width:31.14pt\">treatment</span><span class=\"f charStyle-24b91321 ps16865\" style=\"width:172.69pt\"> resulted in the recognition of a post-tax loss of \u20ac144</span><span class=\"f charStyle-24b91321 ps16866\" style=\"width:2.23pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps16867\" style=\"width:20.86pt\">million</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.85pt\">(\u20ac145</span><span class=\"f charStyle-24b91321 ps9425\" style=\"width:2.6pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps16868\" style=\"width:283.05pt\">million before tax) in the 2024 Consolidated Income Statement, included in the item \"</span><span class=\"f charStyle-24b91321 ps16869\" style=\"width:171.59pt\">Post-tax loss on the measurement to fair value less</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:209.49pt\">costs to sell of Discontinued Operations - Fire Fighting Business</span><span class=\"f charStyle-24b91321 ps16870\" style=\"width:230.35pt\">\" in the Consolidated Income Statement. Included in the same item, in </span><span class=\"f charStyle-24b91321 ps16871\" style=\"width:36.14pt\">2025 Iveco</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.57pt\">Group recorded a \u20ac9 million post-closing adjustment loss on the transfer of Fire Fighting business.</span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-561": {
   "value": "<div class=\"ps16926 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">1. Net revenues</span></div><div class=\"ps12882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:151.17pt\">The following table summarises Net revenues </span><span class=\"f charStyle-24b91321 ps16927\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16928\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16929\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps4413\" style=\"width:2.05pt\">:<span class=\"f ps13\"> </span></span></div><div class=\"ps16930 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:2.05pt\"> </span></div><div class=\"ps16945 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:271.5pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1340\"><div><div class=\"ps8886 ss735\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps10944 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps8271\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16932 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">8,873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16933 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">9,981<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps8271\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16934 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">2,948<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15313 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">2,561<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps8271\">Powertrain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16935 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">3,330<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15316 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">3,546<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps22\">Eliminations and Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16937 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16936\">(2,022)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15320 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16936\">(2,024)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-81df793a ps22\">Total Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16938 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15322 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,064<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps827 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16939 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">436<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15326 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">558<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps22\">Eliminations and Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16941 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16940\">(137)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16942 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16940\">(205)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-81df793a ps22\">Total Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16943 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,428<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16944 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,417<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16946 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.93pt\">Eliminations and Other include the elimination of Financial Services' interest income earned from Industrial Activities.</span></div><div class=\"ps16951 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.24pt\">The following table disaggregates Net revenues by major source </span><span class=\"f charStyle-24b91321 ps16947\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16948\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16949\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16950\" style=\"width:2.05pt\">:</span></div><div class=\"ps16952 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:2.05pt\"> </span></div><div class=\"ps16955 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:273pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1341\"><div><div class=\"ps8886 ss783\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11904 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps22\">Revenues from:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps8271\">Sales of goods<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15312 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15367\">12,216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15313 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15367\">13,117<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps8271\">Rendering of services and other revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15315 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">647<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15316 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">669<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps8271\">Rents and other income on assets sold with a buy-back commitment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15319 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">266<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15320 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">278<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-81df793a ps22\">Revenues from sales of goods and services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15321 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15322 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,064<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps827 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps22\">Finance and interest income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15324 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">269<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15326 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">325<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps22\">Rents and other income on operating lease<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16953 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15325\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16942 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15325\">28<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-81df793a ps22\">Total Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16954 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,428<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16944 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,417<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16965 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:37.41pt\">During the </span><span class=\"f charStyle-24b91321 ps16956\" style=\"width:88.92pt\">years ended 31\u00a0December</span><span class=\"f charStyle-24b91321 ps16957\" style=\"width:2.73pt\"> </span><span class=\"f charStyle-24b91321 ps16958\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps16959\" style=\"width:17.76pt\"> and </span><span class=\"f charStyle-24b91321 ps16960\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16961\" style=\"width:72.12pt\">, revenues included \u20ac</span><span class=\"f charStyle-24b91321 ps16962\" style=\"width:12.3pt\">462</span><span class=\"f charStyle-24b91321 ps16963\" style=\"width:45.45pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps10145\" style=\"width:12.3pt\">495</span><span class=\"f charStyle-24b91321 ps16964\" style=\"width:154.28pt\"> million, respectively, related to the reversal of</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:236.44pt\">contract liabilities outstanding at the beginning of each period. See Note </span><span class=\"f charStyle-24b91321 ps16966\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps16967\" style=\"width:193.62pt\"> \"Other liabilities\" for additional details on contract liabilities.</span></div><div class=\"ps16971 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:21.12pt\">As of </span><span class=\"f charStyle-24b91321 ps16969\" style=\"width:64.96pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16970\" style=\"width:389.85pt\">, the aggregate amount of the transaction price allocated to remaining performance obligations related to extended</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:444.77pt\">warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-back commitment was approximately \u20ac</span><span class=\"f charStyle-24b91321 ps16972\" style=\"width:10.25pt\">2.5</span><span class=\"f charStyle-24b91321 ps16973\" style=\"width:20.93pt\">\u00a0billion</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.07pt\">(approximately \u20ac</span><span class=\"f charStyle-24b91321 ps16975\" style=\"width:10.25pt\">2.3</span><span class=\"f charStyle-24b91321 ps16976\" style=\"width:32.89pt\"> billion at </span><span class=\"f charStyle-24b91321 ps16977\" style=\"width:63.88pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16978\" style=\"width:27.18pt\">). As of </span><span class=\"f charStyle-24b91321 ps16979\" style=\"width:63.88pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16980\" style=\"width:208.18pt\">, Iveco Group expects to recognise revenue on approximately <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16981\" style=\"width:14.76pt\">33%</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16989 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.06pt\">and </span><span class=\"f charStyle-24b91321 ps16983\" style=\"width:14.76pt\">80%</span><span class=\"f charStyle-24b91321 ps16984\" style=\"width:362.47pt\"> of the remaining performance obligations over the next 12 and 36 months, respectively (approximately </span><span class=\"f charStyle-24b91321 ps16985\" style=\"width:14.76pt\">34%</span><span class=\"f charStyle-24b91321 ps11418\" style=\"width:19.82pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16986\" style=\"width:14.76pt\">81%</span><span class=\"f charStyle-24b91321 ps16987\" style=\"width:25.22pt\"> as of </span><span class=\"f charStyle-24b91321 ps16988\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16990 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.45pt\">December 2024</span><span class=\"f charStyle-24b91321 ps11221\" style=\"width:183.13pt\">, respectively), with the remaining recognised thereafter.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-560": {
   "value": "<div class=\"ps16926 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">1. Net revenues</span></div><div class=\"ps12882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:151.17pt\">The following table summarises Net revenues </span><span class=\"f charStyle-24b91321 ps16927\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16928\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16929\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps4413\" style=\"width:2.05pt\">:<span class=\"f ps13\"> </span></span></div><div class=\"ps16930 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:2.05pt\"> </span></div><div class=\"ps16945 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:271.5pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1340\"><div><div class=\"ps8886 ss735\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps10944 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps8271\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16932 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">8,873<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16933 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">9,981<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps8271\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16934 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">2,948<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15313 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">2,561<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps8271\">Powertrain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16935 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">3,330<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15316 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15311\">3,546<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps22\">Eliminations and Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16937 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16936\">(2,022)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15320 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16936\">(2,024)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-81df793a ps22\">Total Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16938 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15322 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,064<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps827 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16939 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">436<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15326 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">558<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-bd419927 ps22\">Eliminations and Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16941 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16940\">(137)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16942 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps16940\">(205)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1340\"><div><div class=\"ps315 ss735\"><span class=\"f charStyle-81df793a ps22\">Total Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16943 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,428<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16944 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,417<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16946 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.93pt\">Eliminations and Other include the elimination of Financial Services' interest income earned from Industrial Activities.</span></div><div class=\"ps16951 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.24pt\">The following table disaggregates Net revenues by major source </span><span class=\"f charStyle-24b91321 ps16947\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps16948\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16949\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16950\" style=\"width:2.05pt\">:</span></div><div class=\"ps16952 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:2.05pt\"> </span></div><div class=\"ps16955 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:273pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1341\"><div><div class=\"ps8886 ss783\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11904 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps16931\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps22\">Revenues from:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps8271\">Sales of goods<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15312 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15367\">12,216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15313 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15367\">13,117<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps8271\">Rendering of services and other revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15315 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">647<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15316 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">669<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps8271\">Rents and other income on assets sold with a buy-back commitment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15319 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">266<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15320 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">278<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-81df793a ps22\">Revenues from sales of goods and services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15321 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15322 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,064<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps827 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps22\">Finance and interest income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15324 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">269<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15326 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15318\">325<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-bd419927 ps22\">Rents and other income on operating lease<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16953 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15325\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16942 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927 ps15325\">28<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1341\"><div><div class=\"ps315 ss783\"><span class=\"f charStyle-81df793a ps22\">Total Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16954 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">13,428<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16944 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a ps15367\">14,417<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16965 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:37.41pt\">During the </span><span class=\"f charStyle-24b91321 ps16956\" style=\"width:88.92pt\">years ended 31\u00a0December</span><span class=\"f charStyle-24b91321 ps16957\" style=\"width:2.73pt\"> </span><span class=\"f charStyle-24b91321 ps16958\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps16959\" style=\"width:17.76pt\"> and </span><span class=\"f charStyle-24b91321 ps16960\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16961\" style=\"width:72.12pt\">, revenues included \u20ac</span><span class=\"f charStyle-24b91321 ps16962\" style=\"width:12.3pt\">462</span><span class=\"f charStyle-24b91321 ps16963\" style=\"width:45.45pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps10145\" style=\"width:12.3pt\">495</span><span class=\"f charStyle-24b91321 ps16964\" style=\"width:154.28pt\"> million, respectively, related to the reversal of</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps16968 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:236.44pt\">contract liabilities outstanding at the beginning of each period. See Note </span><span class=\"f charStyle-24b91321 ps16966\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps16967\" style=\"width:193.62pt\"> \"Other liabilities\" for additional details on contract liabilities.</span></div><div class=\"ps16971 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:21.12pt\">As of </span><span class=\"f charStyle-24b91321 ps16969\" style=\"width:64.96pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16970\" style=\"width:389.85pt\">, the aggregate amount of the transaction price allocated to remaining performance obligations related to extended</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16974 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:444.77pt\">warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-back commitment was approximately \u20ac</span><span class=\"f charStyle-24b91321 ps16972\" style=\"width:10.25pt\">2.5</span><span class=\"f charStyle-24b91321 ps16973\" style=\"width:20.93pt\">\u00a0billion</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps16982 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.07pt\">(approximately \u20ac</span><span class=\"f charStyle-24b91321 ps16975\" style=\"width:10.25pt\">2.3</span><span class=\"f charStyle-24b91321 ps16976\" style=\"width:32.89pt\"> billion at </span><span class=\"f charStyle-24b91321 ps16977\" style=\"width:63.88pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16978\" style=\"width:27.18pt\">). As of </span><span class=\"f charStyle-24b91321 ps16979\" style=\"width:63.88pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps16980\" style=\"width:208.18pt\">, Iveco Group expects to recognise revenue on approximately <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16981\" style=\"width:14.76pt\">33%</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps16989 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.06pt\">and </span><span class=\"f charStyle-24b91321 ps16983\" style=\"width:14.76pt\">80%</span><span class=\"f charStyle-24b91321 ps16984\" style=\"width:362.47pt\"> of the remaining performance obligations over the next 12 and 36 months, respectively (approximately </span><span class=\"f charStyle-24b91321 ps16985\" style=\"width:14.76pt\">34%</span><span class=\"f charStyle-24b91321 ps11418\" style=\"width:19.82pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16986\" style=\"width:14.76pt\">81%</span><span class=\"f charStyle-24b91321 ps16987\" style=\"width:25.22pt\"> as of </span><span class=\"f charStyle-24b91321 ps16988\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps16990 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.45pt\">December 2024</span><span class=\"f charStyle-24b91321 ps11221\" style=\"width:183.13pt\">, respectively), with the remaining recognised thereafter.</span></div><div class=\"ps20815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Contract liabilities primarily relate to extended warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-</span></div><div class=\"ps3606 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.65pt\">back commitment. Contract liabilities include \u20ac</span><span class=\"f charStyle-24b91321 ps20816\" style=\"width:12.3pt\">532</span><span class=\"f charStyle-24b91321 ps5594\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20817\" style=\"width:64.1pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps5730\" style=\"width:9.3pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps20818\" style=\"width:12.3pt\">541</span><span class=\"f charStyle-24b91321 ps20819\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20820\" style=\"width:64.1pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20821\" style=\"width:88.72pt\">) for future rents related to</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20824 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.12pt\">buy-back agreements. Changes in Contract liabilities </span><span class=\"f charStyle-24b91321 ps16880\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20822\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20823\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps6596\" style=\"width:49.16pt\"> are as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20852 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:55.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1721\"><div><div class=\"ps17220 ss998\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps14422 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2024</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5093 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20831 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20835 ss1725\"><div><div class=\"ps17222 ss472\"><span class=\"f charStyle-81df793a ps20832\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss472\"><span class=\"f charStyle-81df793a ps20833\">Liabilities held </span></div><div class=\"ps9284 ss472\"><span class=\"f charStyle-81df793a ps20834\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20842 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20844 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">859<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20845 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(729)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20847 ss476\"><div><div class=\"ps961 ss472\"><span class=\"f charStyle-81df793a ps20846\">(91)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20862 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1728\"><div><div class=\"ps17220 ss355\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8130 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31 December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2023</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19217 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17493 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1638\"><div><div class=\"ps17222 ss965\"><span class=\"f charStyle-db2d9ea7 ps20854\">Transfer to </span></div><div class=\"ps17224 ss965\"><span class=\"f charStyle-db2d9ea7 ps20855\">Liabilities held <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss965\"><span class=\"f charStyle-db2d9ea7 ps20856\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1729\"><div><div class=\"ps961 ss355\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20857 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,332<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20858 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">812<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20859 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(784)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20861 ss1618\"><div><div class=\"ps961 ss965\"><span class=\"f charStyle-81df793a ps20860\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-563": {
   "value": "<div class=\"ps16991 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">2. Cost of sales</span></div><div class=\"ps16999 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.86pt\">Cost of sales amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps8389\" style=\"width:22.55pt\">11,328<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16992\" style=\"width:35.17pt\"> million in </span><span class=\"f charStyle-24b91321 ps16993\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16994\" style=\"width:22.12pt\"> and \u20ac</span><span class=\"f charStyle-24b91321 ps16995\" style=\"width:22.55pt\">11,972</span><span class=\"f charStyle-24b91321 ps16996\" style=\"width:35.17pt\"> million in </span><span class=\"f charStyle-24b91321 ps16997\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.71pt\">. Interest and other financial expenses from Financial Services<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17009 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:178.9pt\">activities included within Cost of sales amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17000\" style=\"width:12.3pt\">125</span><span class=\"f charStyle-24b91321 ps17001\" style=\"width:35.14pt\"> million in </span><span class=\"f charStyle-24b91321 ps17002\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17003\" style=\"width:31.1pt\"> and to \u20ac</span><span class=\"f charStyle-24b91321 ps17004\" style=\"width:12.3pt\">148</span><span class=\"f charStyle-24b91321 ps17005\" style=\"width:35.14pt\"> million in </span><span class=\"f charStyle-24b91321 ps17006\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17007\" style=\"width:4.9pt\">. </span><span class=\"f charStyle-24b91321 ps17008\" style=\"width:133.5pt\">Amount of inventories recognised as an</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.54pt\">expense in Cost of sales was </span><span class=\"f charStyle-24b91321 ps17010\" style=\"width:22.55pt\">\u20ac9,795</span><span class=\"f charStyle-24b91321 ps17011\" style=\"width:39.31pt\"> million and </span><span class=\"f charStyle-24b91321 ps17012\" style=\"width:26.65pt\">\u20ac10,168</span><span class=\"f charStyle-24b91321 ps17013\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17014\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17015\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17016\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17017\" style=\"width:45.07pt\">, respectively.</span><span class=\"f charStyle-24b91321 ps17018\" style=\"width:2.05pt\"> </span></div><div class=\"ps17020 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">3. Selling, general and administrative costs</span></div><div class=\"ps17024 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.11pt\">Selling, general and administrative costs amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps7094\" style=\"width:12.3pt\">857</span><span class=\"f charStyle-24b91321 ps9387\" style=\"width:32.74pt\"> million in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9388\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9389\" style=\"width:85.19pt\">, \u20ac69 million lower than in </span><span class=\"f charStyle-24b91321 ps17021\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17022\" style=\"width:2.05pt\">.</span><span class=\"f charStyle-24b91321 ps17023\" style=\"width:2.05pt\"> </span></div><div class=\"ps17025 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">4. Research and development costs</span></div><div class=\"ps17034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.47pt\">In </span><span class=\"f charStyle-24b91321 ps17026\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17027\" style=\"width:129.5pt\">, Research and development costs of \u20ac</span><span class=\"f charStyle-24b91321 ps17028\" style=\"width:12.3pt\">559</span><span class=\"f charStyle-24b91321 ps17029\" style=\"width:32.05pt\"> million (\u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17030\" style=\"width:12.3pt\">589</span><span class=\"f charStyle-24b91321 ps17031\" style=\"width:33.55pt\"> million in </span><span class=\"f charStyle-24b91321 ps17032\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17033\" style=\"width:215.1pt\">) comprise all research and development costs not recognised as</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps17041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.56pt\">assets in the year, amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps17035\" style=\"width:12.3pt\">227</span><span class=\"f charStyle-24b91321 ps17036\" style=\"width:35.81pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps17037\" style=\"width:12.3pt\">318</span><span class=\"f charStyle-24b91321 ps17038\" style=\"width:39.19pt\"> million in </span><span class=\"f charStyle-24b91321 ps9494\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps9495\" style=\"width:199.14pt\">), the amortisation of capitalised development costs of \u20ac</span><span class=\"f charStyle-24b91321 ps17039\" style=\"width:12.3pt\">327</span><span class=\"f charStyle-24b91321 ps17040\" style=\"width:25.06pt\"> million</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:12.3pt\">271</span><span class=\"f charStyle-24b91321 ps9425\" style=\"width:37.36pt\">\u00a0million in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17043\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17044\" style=\"width:242.41pt\">) and the impairment of capitalized development costs amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps17045\" style=\"width:4.1pt\">5</span><span class=\"f charStyle-24b91321 ps17046\" style=\"width:50.76pt\"> million (nil in </span><span class=\"f charStyle-24b91321 ps17047\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17048\" style=\"width:33.38pt\">). During </span><span class=\"f charStyle-24b91321 ps17049\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17050\" style=\"width:39.97pt\">, the Group</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps17059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:132.27pt\">capitalised new development costs of \u20ac</span><span class=\"f charStyle-24b91321 ps17052\" style=\"width:12.3pt\">445</span><span class=\"f charStyle-24b91321 ps17053\" style=\"width:33.11pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps17054\" style=\"width:12.3pt\">460</span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:35.14pt\"> million in </span><span class=\"f charStyle-24b91321 ps17056\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17057\" style=\"width:7.35pt\">). </span><span class=\"f charStyle-24b91321 ps17058\" style=\"width:227.19pt\">The costs in both periods were primarily attributable to spending on</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:336.83pt\">engine development associated with emission requirements and continued investment in new products.</span><span class=\"f charStyle-24b91321 ps9557\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">5. Result from investments</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.86pt\">This item mainly includes Iveco Group's share in the net profit or loss of the investees accounted for using the equity method, as well as any<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps9374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:376.19pt\">impairment losses, reversal of impairment losses, accruals to the investment provision, and dividend income. In </span><span class=\"f charStyle-24b91321 ps12576\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17061\" style=\"width:83.43pt\"> Result from investments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.63pt\">was a gain of \u20ac</span><span class=\"f charStyle-24b91321 ps17062\" style=\"width:8.2pt\">38</span><span class=\"f charStyle-24b91321 ps17063\" style=\"width:33.03pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps17064\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps6138\" style=\"width:35.02pt\"> million in </span><span class=\"f charStyle-24b91321 ps17065\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps7317\" style=\"width:322.55pt\">) and included a gain of \u20ac12 million from the sale of the majority interest in GATE. See Note 14</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps17067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:172.42pt\">\"Investments and other non-current financial assets\".</span></div><div class=\"ps17073 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">6. Restructuring costs</span></div><div class=\"ps17082 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:145.47pt\">Iveco Group incurred restructuring costs of \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps12976\" style=\"width:8.2pt\">10</span><span class=\"f charStyle-24b91321 ps17074\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17075\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps17076\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17077\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17078\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17079\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17080\" style=\"width:43.02pt\">, respectively</span><span class=\"f charStyle-24b91321 ps17081\" style=\"width:2.05pt\">.</span></div><div class=\"ps17083 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">7. Other income and Other expenses </span></div><div class=\"ps17084 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Other income includes income arising from operations which is not attributable to the sale of goods and services, such as gains on disposals of</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17093 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:114.77pt\">tangible assets, and amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17085\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps17086\" style=\"width:43.41pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17087\" style=\"width:8.2pt\">43</span><span class=\"f charStyle-24b91321 ps17088\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17089\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17090\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17091\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17092\" style=\"width:45.07pt\">, respectively.</span></div><div class=\"ps17097 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:406.06pt\">Other expenses consist of miscellaneous costs which cannot be allocated to specific functional areas, and amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17094\" style=\"width:12.3pt\">202</span><span class=\"f charStyle-24b91321 ps17095\" style=\"width:45.42pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17096\" style=\"width:12.3pt\">239</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17103 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.45pt\">million in </span><span class=\"f charStyle-24b91321 ps17098\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17099\" style=\"width:18.16pt\"> and </span><span class=\"f charStyle-24b91321 ps17100\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17101\" style=\"width:48.88pt\">, respectively. </span><span class=\"f charStyle-24b91321 ps17102\" style=\"width:343.77pt\">In 2025, Other expenses also included Merger Agreement transactions costs amounting to \u20ac22 million</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17106 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:200.55pt\">incurred in connection with the agreement with Tata Motors.</span><span class=\"f charStyle-24b91321 ps17104\" style=\"width:2.69pt\"> </span><span class=\"f charStyle-24b91321 ps17105\" style=\"width:272.77pt\">In 2024, Other expenses primarily included \u20ac96 million for actions related to EPA/<span class=\"f ps13\"> </span></span></div><div class=\"ps17107 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">CARB newly-introduced post-sale in field verification program on North American market. In both periods, this item also included legal cost and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17109 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:45.48pt\">indirect taxes.<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17108\" style=\"width:2.05pt\"> </span></div><div class=\"ps17111 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">8. Net f</span><span class=\"f charStyle-b842fe6a ps17110\">inancial income/(expenses)</span></div><div class=\"ps17112 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.19pt\">The item \u201cNet financial income/(expenses)\u201d is detailed as follows:</span></div><div class=\"ps17120 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-81df793a ps22\">Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(222)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(192)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17127 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:126.41pt\">Net financial expenses amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17121\" style=\"width:12.3pt\">222</span><span class=\"f charStyle-24b91321 ps17122\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps3259\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17123\" style=\"width:51.01pt\"> compared to \u20ac</span><span class=\"f charStyle-24b91321 ps17124\" style=\"width:12.3pt\">192</span><span class=\"f charStyle-24b91321 ps4551\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps17125\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17126\" style=\"width:172.05pt\"> which included a positive impact of the Argentinian</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17129 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.87pt\">hyperinflation accounting (no longer applicable in this country starting from 1 January 2025)</span><span class=\"f charStyle-24b91321 ps17128\" style=\"width:2.05pt\">.</span></div><div class=\"ps17134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:157.35pt\">Financial expenses may be analysed as follows:</span></div><div class=\"ps17138 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Bank interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses related to lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Commission expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net foreign exchange losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net losses from derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4841 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17135 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Other interest and financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4844 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17136 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">153<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4847 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17137 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17147 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.31pt\">Capitalised borrowing costs amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17139\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps17140\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17141\" style=\"width:8.2pt\">23</span><span class=\"f charStyle-24b91321 ps17142\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17143\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17144\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17145\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17146\" style=\"width:45.07pt\">, respectively.</span></div><div class=\"ps17150 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.44pt\">Other interest and financial expenses include, amongst other, </span><span class=\"f charStyle-24b91321 ps17148\" style=\"width:49.59pt\">factoring costs.</span><span class=\"f charStyle-24b91321 ps17149\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">9. Income tax (expense) benefit</span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The Company and its subsidiaries have substantial worldwide operations. The Company\u2019s subsidiaries incur tax obligations in the jurisdictions in</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps9374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:407.03pt\">which they operate. The Group\u2019s income tax expenses or benefits as reported in its consolidated income statement <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17152\" style=\"width:68.9pt\">for the years ended</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps17153 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:300.75pt\"> consist primarily of income tax expenses or benefits related to subsidiaries of the Company.</span></div><div class=\"ps17158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:209.01pt\">Income tax (expense) benefit for the years ended 31\u00a0December </span><span class=\"f charStyle-24b91321 ps17154\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17155\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17156\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17157\" style=\"width:86.46pt\"> consisted of the following:</span></div><div class=\"ps17165 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:337.5pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:66pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1343\"><div><div class=\"ps8886 ss1342\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps13410 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-81df793a ps17159\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2913 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-81df793a ps17159\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Current taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5853 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps17160\">(60)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17161 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps11907\">(101)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Deferred taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5861 ss1344\"><div><div class=\"ps315 ss574\"><span class=\"f charStyle-bd419927 ps17160\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17162 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps8776\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Taxes relating to prior periods<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5867 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps8776\">27<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17163 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps17160\">(36)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-81df793a ps22\">Total Income tax (expense) benefit<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5873 ss1344\"><div><div class=\"ps315 ss574\"><span class=\"f charStyle-81df793a ps17160\">(82)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17164 ss1344\"><div><div class=\"ps315 ss574\"><span class=\"f charStyle-81df793a ps17160\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17166 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The Company is incorporated in the Netherlands but is a tax resident of Italy. The reconciliation of the differences between the theoretical income<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17167 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">taxes at the parent statutory rate and the total income taxes is presented based on the Italian national statutory corporation tax rate of 24% in</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps17168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">force during each of Iveco Group\u2019s calendar year reporting periods presented in these Consolidated Financial Statements. A reconciliation of</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps17173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:115.17pt\">Iveco Group\u2019s income tax expense </span><span class=\"f charStyle-24b91321 ps17169\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17170\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17171\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17172\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps17192 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:337.5pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:66.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1343\"><div><div class=\"ps8886 ss1342\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps13410 ss1331\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps16911 ss1339\"><div><div class=\"ps313 ss1336\"><span class=\"f charStyle-81df793a ps17175\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-81df793a ps22\">Theoretical Income tax (expense) at the parent statutory rate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5853 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(75)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17177 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps16920\">129<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Foreign income taxed at different rates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps5861 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17180 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17179\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax assets not recognised and write-down<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5867 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17182 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(15)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Italian IRAP taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5873 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17183 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Taxes relating to prior years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5880 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">27<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17185 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Recognition or utilisation of previously unrecognised deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5886 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17187 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">94<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17188 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17189 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">37<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-81df793a ps22\">Total Income tax (expense) benefit<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17190 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(82)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17191 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps17181\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-562": {
   "value": "<div class=\"ps16991 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">2. Cost of sales</span></div><div class=\"ps16999 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.86pt\">Cost of sales amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps8389\" style=\"width:22.55pt\">11,328<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16992\" style=\"width:35.17pt\"> million in </span><span class=\"f charStyle-24b91321 ps16993\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16994\" style=\"width:22.12pt\"> and \u20ac</span><span class=\"f charStyle-24b91321 ps16995\" style=\"width:22.55pt\">11,972</span><span class=\"f charStyle-24b91321 ps16996\" style=\"width:35.17pt\"> million in </span><span class=\"f charStyle-24b91321 ps16997\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.71pt\">. Interest and other financial expenses from Financial Services<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17009 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:178.9pt\">activities included within Cost of sales amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17000\" style=\"width:12.3pt\">125</span><span class=\"f charStyle-24b91321 ps17001\" style=\"width:35.14pt\"> million in </span><span class=\"f charStyle-24b91321 ps17002\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17003\" style=\"width:31.1pt\"> and to \u20ac</span><span class=\"f charStyle-24b91321 ps17004\" style=\"width:12.3pt\">148</span><span class=\"f charStyle-24b91321 ps17005\" style=\"width:35.14pt\"> million in </span><span class=\"f charStyle-24b91321 ps17006\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17007\" style=\"width:4.9pt\">. </span><span class=\"f charStyle-24b91321 ps17008\" style=\"width:133.5pt\">Amount of inventories recognised as an</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.54pt\">expense in Cost of sales was </span><span class=\"f charStyle-24b91321 ps17010\" style=\"width:22.55pt\">\u20ac9,795</span><span class=\"f charStyle-24b91321 ps17011\" style=\"width:39.31pt\"> million and </span><span class=\"f charStyle-24b91321 ps17012\" style=\"width:26.65pt\">\u20ac10,168</span><span class=\"f charStyle-24b91321 ps17013\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17014\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17015\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17016\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17017\" style=\"width:45.07pt\">, respectively.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-564": {
   "value": "11328000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CostOfSales",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-565": {
   "value": "11972000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:CostOfSales",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-566": {
   "value": "<span class=\"f charStyle-24b91321 ps17008\" style=\"width:133.5pt\">Amount of inventories recognised as an</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span><div class=\"ps17019 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.54pt\">expense in Cost of sales was </span><span class=\"f charStyle-24b91321 ps17010\" style=\"width:22.55pt\">\u20ac9,795</span><span class=\"f charStyle-24b91321 ps17011\" style=\"width:39.31pt\"> million and </span><span class=\"f charStyle-24b91321 ps17012\" style=\"width:26.65pt\">\u20ac10,168</span><span class=\"f charStyle-24b91321 ps17013\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17014\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17015\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17016\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17017\" style=\"width:45.07pt\">, respectively.</span><span class=\"f charStyle-24b91321 ps17018\" style=\"width:2.05pt\"> </span></div><div class=\"ps18575 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">16. Inventories</span></div><div class=\"ps18576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At </span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:126.62pt\">, Inventories consisted of the following:<span class=\"f ps13\"> </span></span></div><div class=\"ps18584 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:309pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1518\"><div><div class=\"ps8886 ss789\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6764 ss398\"><div><div class=\"ps313 ss397\"><span class=\"f charStyle-81df793a ps18577\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1518\"><div><div class=\"ps961 ss789\"><span class=\"f charStyle-bd419927 ps22\">Raw materials<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7367 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">602<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">609<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1518\"><div><div class=\"ps961 ss789\"><span class=\"f charStyle-bd419927 ps22\">Work-in-progress<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17502 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">561<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">452<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1518\"><div><div class=\"ps961 ss789\"><span class=\"f charStyle-bd419927 ps22\">Finished goods<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17506 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18581\">1,346<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,810<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1518\"><div><div class=\"ps961 ss789\"><span class=\"f charStyle-81df793a ps22\">Total Inventories<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17509 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps18581\">2,509<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">2,871<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18593 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.4pt\">The amount of Inventories at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18585\" style=\"width:64.5pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18586\" style=\"width:109.12pt\"> was \u20ac362 million lower than at </span><span class=\"f charStyle-24b91321 ps18587\" style=\"width:64.5pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18588\" style=\"width:54.75pt\">, and included \u20ac</span><span class=\"f charStyle-24b91321 ps18589\" style=\"width:8.2pt\">27</span><span class=\"f charStyle-24b91321 ps18590\" style=\"width:33.31pt\">\u00a0million (\u20ac</span><span class=\"f charStyle-24b91321 ps18591\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18592\" style=\"width:32.91pt\"> million at</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps18594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:397.05pt\">) of assets which are no longer subject to operating lease arrangements or buy-back commitments and were held for sale.</span></div><div class=\"ps18603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.57pt\">At </span><span class=\"f charStyle-24b91321 ps18595\" style=\"width:63.8pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18596\" style=\"width:89.89pt\">, total Inventories included </span><span class=\"f charStyle-24b91321 ps18597\" style=\"width:22.55pt\">\u20ac1,471</span><span class=\"f charStyle-24b91321 ps18598\" style=\"width:28.51pt\"> million (</span><span class=\"f charStyle-24b91321 ps18599\" style=\"width:22.55pt\">\u20ac1,240</span><span class=\"f charStyle-24b91321 ps18600\" style=\"width:34.81pt\"> million at </span><span class=\"f charStyle-24b91321 ps18601\" style=\"width:63.8pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18602\" style=\"width:140.55pt\">) of inventories measured at net realizable</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps18604 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:397.9pt\">value (estimated selling price less the estimated costs of completion and the estimated costs necessary to make the sale).</span></div><div class=\"ps18607 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:161.03pt\">There were no inventories pledged as security at </span><span class=\"f charStyle-24b91321 ps13884\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18605\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18606\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps7021\" style=\"width:2.05pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-567": {
   "value": "<div class=\"ps17020 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">3. Selling, general and administrative costs</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:181.11pt\">Selling, general and administrative costs amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps7094\" style=\"width:12.3pt\">857</span><span class=\"f charStyle-24b91321 ps9387\" style=\"width:32.74pt\"> million in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9388\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9389\" style=\"width:85.19pt\">, \u20ac69 million lower than in </span><span class=\"f charStyle-24b91321 ps17021\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17022\" style=\"width:2.05pt\">.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-568": {
   "value": "857000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:SellingGeneralAndAdministrativeExpense",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-569": {
   "value": "<div class=\"ps17025 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">4. Research and development costs</span></div><div class=\"ps17034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.47pt\">In </span><span class=\"f charStyle-24b91321 ps17026\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17027\" style=\"width:129.5pt\">, Research and development costs of \u20ac</span><span class=\"f charStyle-24b91321 ps17028\" style=\"width:12.3pt\">559</span><span class=\"f charStyle-24b91321 ps17029\" style=\"width:32.05pt\"> million (\u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17030\" style=\"width:12.3pt\">589</span><span class=\"f charStyle-24b91321 ps17031\" style=\"width:33.55pt\"> million in </span><span class=\"f charStyle-24b91321 ps17032\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17033\" style=\"width:215.1pt\">) comprise all research and development costs not recognised as</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps17041 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.56pt\">assets in the year, amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps17035\" style=\"width:12.3pt\">227</span><span class=\"f charStyle-24b91321 ps17036\" style=\"width:35.81pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps17037\" style=\"width:12.3pt\">318</span><span class=\"f charStyle-24b91321 ps17038\" style=\"width:39.19pt\"> million in </span><span class=\"f charStyle-24b91321 ps9494\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps9495\" style=\"width:199.14pt\">), the amortisation of capitalised development costs of \u20ac</span><span class=\"f charStyle-24b91321 ps17039\" style=\"width:12.3pt\">327</span><span class=\"f charStyle-24b91321 ps17040\" style=\"width:25.06pt\"> million</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17051 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:12.3pt\">271</span><span class=\"f charStyle-24b91321 ps9425\" style=\"width:37.36pt\">\u00a0million in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17043\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17044\" style=\"width:242.41pt\">) and the impairment of capitalized development costs amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps17045\" style=\"width:4.1pt\">5</span><span class=\"f charStyle-24b91321 ps17046\" style=\"width:50.76pt\"> million (nil in </span><span class=\"f charStyle-24b91321 ps17047\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17048\" style=\"width:33.38pt\">). During </span><span class=\"f charStyle-24b91321 ps17049\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17050\" style=\"width:39.97pt\">, the Group</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps17059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:132.27pt\">capitalised new development costs of \u20ac</span><span class=\"f charStyle-24b91321 ps17052\" style=\"width:12.3pt\">445</span><span class=\"f charStyle-24b91321 ps17053\" style=\"width:33.11pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps17054\" style=\"width:12.3pt\">460</span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:35.14pt\"> million in </span><span class=\"f charStyle-24b91321 ps17056\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17057\" style=\"width:7.35pt\">). </span><span class=\"f charStyle-24b91321 ps17058\" style=\"width:227.19pt\">The costs in both periods were primarily attributable to spending on</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:336.83pt\">engine development associated with emission requirements and continued investment in new products.</span><span class=\"f charStyle-24b91321 ps9557\" style=\"width:2.05pt\"> </span></div><div class=\"ps6690 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps6691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.3pt\">The amortisation of development costs and impairment losses are reported in the income statement as Research and development costs.</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:255.27pt\">Development costs are tested for impairment at the cash-generating unit level.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-570": {
   "value": "559000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ResearchAndDevelopmentExpense",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-571": {
   "value": "589000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ResearchAndDevelopmentExpense",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-572": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">5. Result from investments</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.86pt\">This item mainly includes Iveco Group's share in the net profit or loss of the investees accounted for using the equity method, as well as any<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps9374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:376.19pt\">impairment losses, reversal of impairment losses, accruals to the investment provision, and dividend income. In </span><span class=\"f charStyle-24b91321 ps12576\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17061\" style=\"width:83.43pt\"> Result from investments</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.63pt\">was a gain of \u20ac</span><span class=\"f charStyle-24b91321 ps17062\" style=\"width:8.2pt\">38</span><span class=\"f charStyle-24b91321 ps17063\" style=\"width:33.03pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps17064\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps6138\" style=\"width:35.02pt\"> million in </span><span class=\"f charStyle-24b91321 ps17065\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps7317\" style=\"width:322.55pt\">) and included a gain of \u20ac12 million from the sale of the majority interest in GATE. See Note 14</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps17067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:172.42pt\">\"Investments and other non-current financial assets\".</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">14. Investments and other non-current financial assets</span></div><div class=\"ps856 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:335.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1440\"><div><div class=\"ps9091 ss226\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18196 ss1394\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6157 ss425\"><div><div class=\"ps313 ss418\"><span class=\"f charStyle-81df793a ps18197\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps37 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Investments accounted for using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18199 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">202<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18200 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">171<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair value through other comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18202 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18203 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6164\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18204 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18205 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6175\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18206 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">214<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18207 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">184<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps22\">Non-current financial receivables and other non-current securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18208 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18209 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6164\">39<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-81df793a ps22\">Total Investments and other non-current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18210 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18198\">279<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6320 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6166\">223<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18213 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At </span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:222.09pt\">, no Non-current financial receivables had been pledged as security.</span></div><div class=\"ps18214 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments</span></div><div class=\"ps18219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:88.93pt\">Changes in Investments in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18215\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18216\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18217\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18218\" style=\"width:60.24pt\"> are set out below:</span></div><div class=\"ps18271 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:134.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:66.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1442\"><div><div class=\"ps18221 ss1441\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18224 ss1443\"><div><div class=\"ps2181 ss44\"><span class=\"f charStyle-81df793a ps9679\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18222\">31\u00a0December </span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps18223\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18226 ss1444\"><div><div class=\"ps2181 ss602\"><span class=\"f charStyle-81df793a ps18225\">Revaluations<span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss602\"><span class=\"f charStyle-81df793a ps16242\">/ (Write-</span></div><div class=\"ps2223 ss602\"><span class=\"f charStyle-81df793a ps17941\">downs)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps817 ss137\"><div><div class=\"ps2181 ss119\"><span class=\"f charStyle-81df793a ps18227\">Acquisitions <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss119\"><span class=\"f charStyle-81df793a ps18228\">and </span></div><div class=\"ps2223 ss119\"><span class=\"f charStyle-81df793a ps18229\">capitalizations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1445\"><div><div class=\"ps2222 ss679\"><span class=\"f charStyle-81df793a ps3057\">Fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss679\"><span class=\"f charStyle-81df793a ps18230\">remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11936 ss1446\"><div><div class=\"ps2180 ss1336\"><span class=\"f charStyle-81df793a ps18231\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1336\"><span class=\"f charStyle-81df793a ps18232\">differences, </span></div><div class=\"ps2181 ss1336\"><span class=\"f charStyle-81df793a ps18233\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1336\"><span class=\"f charStyle-81df793a ps18234\">other</span></div><div class=\"ps2223 ss1336\"><span class=\"f charStyle-81df793a ps7285\">changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18237 ss1448\"><div><div class=\"ps2181 ss1447\"><span class=\"f charStyle-81df793a ps9994\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1447\"><span class=\"f charStyle-81df793a ps18235\">31\u00a0December </span></div><div class=\"ps2223 ss1447\"><span class=\"f charStyle-81df793a ps18236\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps22\">Investments in:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18238 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">131<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18239 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18240 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14093 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18241 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(13)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18243 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">141<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18244 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18245 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18246 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18247 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18248 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18249 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps13907\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1116 ss1451\"><div><div class=\"ps2180 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">through other comprehensive income</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18250 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-bd419927 ps4744\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18251 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18252 ss1452\"><div><div class=\"ps1327 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18253 ss1453\"><div><div class=\"ps1327 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18254 ss1454\"><div><div class=\"ps1327 ss1336\"><span class=\"f charStyle-bd419927 ps17179\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18256 ss1455\"><div><div class=\"ps1327 ss1447\"><span class=\"f charStyle-81df793a ps18255\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Unconsolidated subsidiaries and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18257 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4753\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18258 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18259 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18260 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18262 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps18261\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18263 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18255\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15555 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-81df793a ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18264 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">184<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18265 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18266 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-81df793a ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18267 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-81df793a ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18269 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps18268\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18270 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">214<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18308 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:132.75pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1456\"><div><div class=\"ps18221 ss450\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18274 ss1443\"><div><div class=\"ps2181 ss44\"><span class=\"f charStyle-81df793a ps18272\">At 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18273\">December </span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps18223\">2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18276 ss1443\"><div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18275\">Revaluations/ <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps15250\">(Write-downs)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps4709 ss137\"><div><div class=\"ps2181 ss119\"><span class=\"f charStyle-81df793a ps18227\">Acquisitions<span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss119\"><span class=\"f charStyle-81df793a ps18228\">and<span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss119\"><span class=\"f charStyle-81df793a ps18229\">capitalizations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps12622 ss1445\"><div><div class=\"ps2222 ss679\"><span class=\"f charStyle-81df793a ps3057\">Fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss679\"><span class=\"f charStyle-81df793a ps18230\">remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps4710 ss1457\"><div><div class=\"ps2180 ss1330\"><span class=\"f charStyle-81df793a ps18277\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18278\">differences, </span></div><div class=\"ps2181 ss1330\"><span class=\"f charStyle-81df793a ps17422\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1330\"><span class=\"f charStyle-81df793a ps18279\">other</span></div><div class=\"ps2223 ss1330\"><span class=\"f charStyle-81df793a ps18280\">changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18237 ss1448\"><div><div class=\"ps2181 ss1447\"><span class=\"f charStyle-81df793a ps9994\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1447\"><span class=\"f charStyle-81df793a ps18235\">31\u00a0December </span></div><div class=\"ps2223 ss1447\"><span class=\"f charStyle-81df793a ps18236\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps22\">Investments in:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18281 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">126<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18282 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18283 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18284 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18285 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18243 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18286 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18287 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4753\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18288 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18289 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18290 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18249 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps13907\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1116 ss1458\"><div><div class=\"ps2248 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss450\"><span class=\"f charStyle-bd419927 ps8271\">value through other comprehensive </span></div><div class=\"ps2250 ss450\"><span class=\"f charStyle-bd419927 ps8271\">income</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18291 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927 ps4744\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18292 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18293 ss1459\"><div><div class=\"ps2250 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18295 ss1460\"><div><div class=\"ps2250 ss679\"><span class=\"f charStyle-bd419927 ps18294\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18296 ss1415\"><div><div class=\"ps2250 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18256 ss1461\"><div><div class=\"ps2250 ss1447\"><span class=\"f charStyle-81df793a ps13907\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3832 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Unconsolidated subsidiaries and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18297 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18298 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16701 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7291\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18299 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18300 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18301 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18255\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1701 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-81df793a ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18302 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">195<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18303 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18304 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-81df793a ps7291\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18305 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-81df793a ps18294\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18306 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18307 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">184<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18310 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Revaluations and Write-downs mainly include the Group\u2019s share of the profit or loss for the year of investments accounted for using the equity</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps18316 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:71.72pt\">method for a gain of \u20ac</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps18311\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18312\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps9475\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps18313\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18314\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18315\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps12313\" style=\"width:45.07pt\">, respectively.</span><span class=\"f charStyle-24b91321 ps9383\" style=\"width:2.05pt\"> </span></div><div class=\"ps18317 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">In 2025, Other changes for Associates include the addition as a result of the partial disposal of the previously fully-owned subsidiary GATE</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps18319 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.13pt\">Mobility B.V. (\"GATE\"): o</span><span class=\"f charStyle-24b91321 ps18318\" style=\"width:390.77pt\">n 13 May 2025, Iveco Group and DLL (De Lage Landen International B.V.) announced they were entering into an</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps18320 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">agreement to facilitate the energy transition in Europe through rental solutions for low- to zero-emission commercial vehicles in Europe. The</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps18321 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">transaction received the required regulatory approvals and closed on 1 October 2025. Under the terms of the agreement, DLL acquired a 51%</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps18324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.21pt\">equity interest in GATE Mobility B.V., formerly a fully owned subsidiary of Iveco Group p</span><span class=\"f charStyle-24b91321 ps18322\" style=\"width:144.27pt\">resented within Financial Services segment</span><span class=\"f charStyle-24b91321 ps18323\" style=\"width:36.51pt\">, through a</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18325 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">reserved capital increase. Following the transaction, Iveco Group retains 49% interest in GATE, which from 1 October 2025 is accounted for</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18326 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:81.56pt\">under the equity method.</span></div><div class=\"ps18327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.43pt\">Translation differences, disposals and other changes also included dividends by companies accounted for using the equity method.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Investments in joint ventures</span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.83pt\">Interests in joint ventures are accounted for using the equity method. A summary of investments in joint ventures at </span><span class=\"f charStyle-24b91321 ps13166\" style=\"width:63.04pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18331\" style=\"width:16.74pt\"> and </span><span class=\"f charStyle-24b91321 ps18332\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:41.78pt\">is as follows:</span></div><div class=\"ps13701 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:226.5pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps13709 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18333 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18335 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18334\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4720 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps15003\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18336 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18334\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18337 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps15003\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-bd419927 ps22\">CIFINS S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18340 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927\"><span class=\"ps18338\"></span><span class=\"ps18338\">50.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18339\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18342 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18341\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18343 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927\"><span class=\"ps18338\"></span><span class=\"ps18338\">50.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18339\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18344 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18341\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-bd419927 ps22\">Other joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18346 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18345\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18347 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18345\">19<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-81df793a ps22\">Total Investments in joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18348 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18341\">141<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18349 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18341\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:175.01pt\">Interests in joint ventures consist of 3 companies at </span><span class=\"f charStyle-24b91321 ps18350\" style=\"width:63.98pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps1316\" style=\"width:17.68pt\"> and </span><span class=\"f charStyle-24b91321 ps18351\" style=\"width:63.98pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps18352\" style=\"width:155.25pt\"> and mainly include CIFINS S.p.A., legal entity</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps18354 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">jointly held by Iveco Group and CNH, which holds 49.9% of CNH Capital Europe S.a.S., a joint venture with the BNP Paribas Group providing</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps18355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:305.7pt\">financing solutions to customers of both Iveco Group and CNH in several European countries.</span></div><div class=\"ps18360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.02pt\">At </span><span class=\"f charStyle-24b91321 ps18356\" style=\"width:64.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18357\" style=\"width:18.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18358\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18359\" style=\"width:366.5pt\">, summarised financial information relating to CIFINS S.p.A., material joint venture of the Group, prepared in</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps18361 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:130.68pt\">accordance with EU-IFRS, is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps18386 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1468\"><div><div class=\"ps18362 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps17229 ss1469\"><div><div class=\"ps15000 ss40\"><span class=\"f charStyle-81df793a ps18363\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8943 ss1470\"><div><div class=\"ps15000 ss590\"><span class=\"f charStyle-81df793a ps12538\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3761 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18365 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18364\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18367 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18369 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18368\">237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18371 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">220<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18373 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18374 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18375 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18376 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9701 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18377 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18379 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18380 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18381 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18382 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18383 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2344 ss1475\"><div><div class=\"ps3931 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18384 ss1476\"><div><div class=\"ps3931 ss40\"><span class=\"f charStyle-81df793a ps18368\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18385 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18405 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:328.5pt\"></td><td style=\"padding:0;width:8.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:8.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1479\"><div><div class=\"ps18362 ss1478\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18389 ss343\"><div><div class=\"ps15000 ss33\"><span class=\"f charStyle-81df793a ps18388\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps9995 ss1480\"><div><div class=\"ps15000 ss667\"><span class=\"f charStyle-81df793a ps9678\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Result from investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18391 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18392 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18393 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18394 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Income tax (expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18396 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18397 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18398 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18399 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9701 ss1483\"><div><div class=\"ps961 ss1478\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18401 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18402 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9707 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18403 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18404 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.01pt\">This summarised financial information may be reconciled to the carrying amount of the % interest held in the joint venture as follows:</span></div><div class=\"ps18420 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:317.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1485\"><div><div class=\"ps18362 ss1484\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18407 ss1487\"><div><div class=\"ps15000 ss1486\"><span class=\"f charStyle-81df793a ps18406\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18408 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18409 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-bd419927 ps22\">Group\u2019s interest (%)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18411 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">50<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18413 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18412\">50<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-81df793a ps22\">Pro-quota equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18414 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18415 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-bd419927 ps22\">Adjustments made by using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18416 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18417 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9701 ss1489\"><div><div class=\"ps3931 ss1484\"><span class=\"f charStyle-81df793a ps22\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18418 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18419 ss1476\"><div><div class=\"ps3931 ss40\"><span class=\"f charStyle-81df793a ps18368\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Summarised financial information relating to CNH Industrial Capital Europe S.a.S., material associate of the Group held by CIFINS S.p.A., is as</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.57pt\">follows:</span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:311.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1491\"><div><div class=\"ps9723 ss1490\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps13992 ss1492\"><div><div class=\"ps2120 ss1111\"><span class=\"f charStyle-81df793a ps18422\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3973 ss1493\"><div><div class=\"ps2120 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9733 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18424 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18425 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3766 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18426 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,954<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18427 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,838<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18428 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,954<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18429 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,838<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps8958 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16698 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18430 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18431 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">313<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18432 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">276<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9707 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18433 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,478<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18434 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,395<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss1496\"><div><div class=\"ps3931 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18435 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps9503\">476<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18436 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps9503\">443<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18449 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18437 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps13698\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18439 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">183<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">172<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18441 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">107<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">102<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18443 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18444 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">72<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18445 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18446 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18447 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18448 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">72<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18451 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Investments in associates</span></div><div class=\"ps18456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:141.79pt\">A summary of investments in associates at </span><span class=\"f charStyle-24b91321 ps18452\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps18453\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18454\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18455\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18476 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:223.5pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18457 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18333 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18459 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18458\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18460 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps13492\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18336 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18458\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps13492\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1502\"><div><div class=\"ps961 ss1501\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18464 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18466 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18343 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18467 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1502\"><div><div class=\"ps313 ss1501\"><span class=\"f charStyle-3769e72f ps22\">GATE</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18468 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18470 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:45.66pt\"></span></span><span class=\"ps18469\">21<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18472 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-027c7e22\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.56pt\"></span></span><span class=\"ps18471\">\u2014<span style=\"display:inline-block;height:5.82pt;width:8.01pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18473 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.39pt\"></span></span><span class=\"ps6452\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1502\"><div><div class=\"ps313 ss1501\"><span class=\"f charStyle-81df793a ps22\">Total Investments in associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18474 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18475 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Summarised financial information relating to Transolver Finance Establecimiento Financiero de Credito S.A. and GATE, material associates of the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps18478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:66.37pt\">Group, is as follows:</span></div><div class=\"ps18509 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:232.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps18480 ss1505\"><div><div class=\"ps961 ss1504\"><span class=\"f charStyle-81df793a ps18479\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1506\"><div><div class=\"ps17220 ss1503\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6439 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-db2d9ea7 ps18484\">GATE</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18486 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">712<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">675<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps2388 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18490 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18491 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18492 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">19<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8497 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18493 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">723<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18494 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps16845\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18495 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">694<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2962 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18496 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">640<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18498 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps18497\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18499 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">613<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5137 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18500 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps18497\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18501 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18502 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps98 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18503 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">642<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18504 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps16845\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18505 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">613<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps835 ss1509\"><div><div class=\"ps3931 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18506 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18507 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18508 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div class=\"ps772 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:230.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps8138 ss303\"><div><div class=\"ps961 ss297\"><span class=\"f charStyle-81df793a ps18511\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3971\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1510\"><div><div class=\"ps17220 ss543\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18512 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18484\">GATE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18513 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6664 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18514 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18516 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18515\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18517 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6668 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18518 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18519 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18520 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps769 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18521 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18522 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18515\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18523 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6675 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18524 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18525 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18515\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18526 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:422.01pt\">This summarised financial information may be reconciled to the carrying amount of the % interest held in the associate as follows:</span></div><div class=\"ps18537 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:233.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps18529 ss1513\"><div><div class=\"ps961 ss1512\"><span class=\"f charStyle-81df793a ps18528\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1514\"><div><div class=\"ps17220 ss1511\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps9103 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-db2d9ea7 ps18484\">GATE</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18531 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6664 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-bd419927 ps22\">Group\u2019s interest (%)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18533 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18516 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18517 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6668 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Pro-quota equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18534 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18519 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18520 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps769 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-bd419927 ps22\">Adjustments made by using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18535 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18522 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18523 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18536 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18525 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18526 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-573": {
   "value": "38000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ivecogroupnv:ResultsFromInvestment",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-574": {
   "value": "18000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ivecogroupnv:ResultsFromInvestment",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-575": {
   "value": "10000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ExpenseOfRestructuringActivities",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-576": {
   "value": "24000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ExpenseOfRestructuringActivities",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-577": {
   "value": "<div class=\"ps17083 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">7. Other income and Other expenses </span></div><div class=\"ps17084 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Other income includes income arising from operations which is not attributable to the sale of goods and services, such as gains on disposals of</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17093 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:114.77pt\">tangible assets, and amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17085\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps17086\" style=\"width:43.41pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17087\" style=\"width:8.2pt\">43</span><span class=\"f charStyle-24b91321 ps17088\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17089\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17090\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17091\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17092\" style=\"width:45.07pt\">, respectively.</span></div><div class=\"ps17097 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:406.06pt\">Other expenses consist of miscellaneous costs which cannot be allocated to specific functional areas, and amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17094\" style=\"width:12.3pt\">202</span><span class=\"f charStyle-24b91321 ps17095\" style=\"width:45.42pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17096\" style=\"width:12.3pt\">239</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17103 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.45pt\">million in </span><span class=\"f charStyle-24b91321 ps17098\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17099\" style=\"width:18.16pt\"> and </span><span class=\"f charStyle-24b91321 ps17100\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17101\" style=\"width:48.88pt\">, respectively. </span><span class=\"f charStyle-24b91321 ps17102\" style=\"width:343.77pt\">In 2025, Other expenses also included Merger Agreement transactions costs amounting to \u20ac22 million</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17106 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:200.55pt\">incurred in connection with the agreement with Tata Motors.</span><span class=\"f charStyle-24b91321 ps17104\" style=\"width:2.69pt\"> </span><span class=\"f charStyle-24b91321 ps17105\" style=\"width:272.77pt\">In 2024, Other expenses primarily included \u20ac96 million for actions related to EPA/<span class=\"f ps13\"> </span></span></div><div class=\"ps17107 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">CARB newly-introduced post-sale in field verification program on North American market. In both periods, this item also included legal cost and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div>indirect taxes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-578": {
   "value": "<div class=\"ps17084 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Other income includes income arising from operations which is not attributable to the sale of goods and services, such as gains on disposals of</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17093 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:114.77pt\">tangible assets, and amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17085\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps17086\" style=\"width:43.41pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17087\" style=\"width:8.2pt\">43</span><span class=\"f charStyle-24b91321 ps17088\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17089\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17090\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17091\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17092\" style=\"width:45.07pt\">, respectively.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-579": {
   "value": "26000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-580": {
   "value": "43000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherIncome",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-581": {
   "value": "<div class=\"ps17097 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:406.06pt\">Other expenses consist of miscellaneous costs which cannot be allocated to specific functional areas, and amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17094\" style=\"width:12.3pt\">202</span><span class=\"f charStyle-24b91321 ps17095\" style=\"width:45.42pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17096\" style=\"width:12.3pt\">239</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17103 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.45pt\">million in </span><span class=\"f charStyle-24b91321 ps17098\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17099\" style=\"width:18.16pt\"> and </span><span class=\"f charStyle-24b91321 ps17100\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17101\" style=\"width:48.88pt\">, respectively. </span><span class=\"f charStyle-24b91321 ps17102\" style=\"width:343.77pt\">In 2025, Other expenses also included Merger Agreement transactions costs amounting to \u20ac22 million</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17106 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:200.55pt\">incurred in connection with the agreement with Tata Motors.</span><span class=\"f charStyle-24b91321 ps17104\" style=\"width:2.69pt\"> </span><span class=\"f charStyle-24b91321 ps17105\" style=\"width:272.77pt\">In 2024, Other expenses primarily included \u20ac96 million for actions related to EPA/<span class=\"f ps13\"> </span></span></div><div class=\"ps17107 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">CARB newly-introduced post-sale in field verification program on North American market. In both periods, this item also included legal cost and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div>indirect taxes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-582": {
   "value": "202000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherExpenseByNature",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-583": {
   "value": "239000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:OtherExpenseByNature",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-585": {
   "value": "<div class=\"ps17111 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">8. Net f</span><span class=\"f charStyle-b842fe6a ps17110\">inancial income/(expenses)</span></div><div class=\"ps17112 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.19pt\">The item \u201cNet financial income/(expenses)\u201d is detailed as follows:</span></div><div class=\"ps17120 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-81df793a ps22\">Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(222)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(192)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17127 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:126.41pt\">Net financial expenses amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17121\" style=\"width:12.3pt\">222</span><span class=\"f charStyle-24b91321 ps17122\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps3259\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17123\" style=\"width:51.01pt\"> compared to \u20ac</span><span class=\"f charStyle-24b91321 ps17124\" style=\"width:12.3pt\">192</span><span class=\"f charStyle-24b91321 ps4551\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps17125\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17126\" style=\"width:172.05pt\"> which included a positive impact of the Argentinian</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17129 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.87pt\">hyperinflation accounting (no longer applicable in this country starting from 1 January 2025)</span><span class=\"f charStyle-24b91321 ps17128\" style=\"width:2.05pt\">.</span></div><div class=\"ps17130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.54pt\">Financial income may be analysed as follows:</span></div><div class=\"ps17133 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest income from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Net gains from derivative financial instruments</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">31<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Other interest and financial income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial income</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:157.35pt\">Financial expenses may be analysed as follows:</span></div><div class=\"ps17138 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Bank interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses related to lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Commission expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net foreign exchange losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net losses from derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4841 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17135 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Other interest and financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4844 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17136 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">153<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4847 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17137 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17147 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.31pt\">Capitalised borrowing costs amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17139\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps17140\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17141\" style=\"width:8.2pt\">23</span><span class=\"f charStyle-24b91321 ps17142\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17143\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17144\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17145\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17146\" style=\"width:45.07pt\">, respectively.</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.44pt\">Other interest and financial expenses include, amongst other, </span><span class=\"f charStyle-24b91321 ps17148\" style=\"width:49.59pt\">factoring costs.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-584": {
   "value": "<div class=\"ps17111 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">8. Net f</span><span class=\"f charStyle-b842fe6a ps17110\">inancial income/(expenses)</span></div><div class=\"ps17112 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.19pt\">The item \u201cNet financial income/(expenses)\u201d is detailed as follows:</span></div><div class=\"ps17120 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-81df793a ps22\">Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(222)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(192)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17127 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:126.41pt\">Net financial expenses amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17121\" style=\"width:12.3pt\">222</span><span class=\"f charStyle-24b91321 ps17122\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps3259\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17123\" style=\"width:51.01pt\"> compared to \u20ac</span><span class=\"f charStyle-24b91321 ps17124\" style=\"width:12.3pt\">192</span><span class=\"f charStyle-24b91321 ps4551\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps17125\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17126\" style=\"width:172.05pt\"> which included a positive impact of the Argentinian</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17129 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.87pt\">hyperinflation accounting (no longer applicable in this country starting from 1 January 2025)</span><span class=\"f charStyle-24b91321 ps17128\" style=\"width:2.05pt\">.</span></div><div class=\"ps17130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.54pt\">Financial income may be analysed as follows:</span></div><div class=\"ps17133 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest income from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Net gains from derivative financial instruments</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">31<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Other interest and financial income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial income</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-586": {
   "value": "<div class=\"ps17111 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">8. Net f</span><span class=\"f charStyle-b842fe6a ps17110\">inancial income/(expenses)</span></div><div class=\"ps17112 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.19pt\">The item \u201cNet financial income/(expenses)\u201d is detailed as follows:</span></div><div class=\"ps17120 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-81df793a ps22\">Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(222)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17118\">(192)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17127 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:126.41pt\">Net financial expenses amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17121\" style=\"width:12.3pt\">222</span><span class=\"f charStyle-24b91321 ps17122\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps3259\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17123\" style=\"width:51.01pt\"> compared to \u20ac</span><span class=\"f charStyle-24b91321 ps17124\" style=\"width:12.3pt\">192</span><span class=\"f charStyle-24b91321 ps4551\" style=\"width:34.57pt\"> million in </span><span class=\"f charStyle-24b91321 ps17125\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17126\" style=\"width:172.05pt\"> which included a positive impact of the Argentinian</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17129 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:297.87pt\">hyperinflation accounting (no longer applicable in this country starting from 1 January 2025)</span><span class=\"f charStyle-24b91321 ps17128\" style=\"width:2.05pt\">.</span></div><div class=\"ps17134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:157.35pt\">Financial expenses may be analysed as follows:</span></div><div class=\"ps17138 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Bank interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses related to lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Commission expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net foreign exchange losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net losses from derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4841 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17135 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Other interest and financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4844 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17136 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">153<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4847 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17137 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17147 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.31pt\">Capitalised borrowing costs amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17139\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps17140\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17141\" style=\"width:8.2pt\">23</span><span class=\"f charStyle-24b91321 ps17142\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17143\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17144\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17145\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17146\" style=\"width:45.07pt\">, respectively.</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.44pt\">Other interest and financial expenses include, amongst other, </span><span class=\"f charStyle-24b91321 ps17148\" style=\"width:49.59pt\">factoring costs.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-588": {
   "value": "<div class=\"ps17130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.54pt\">Financial income may be analysed as follows:</span></div><div class=\"ps17133 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest income from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Net gains from derivative financial instruments</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">31<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Other interest and financial income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial income</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-587": {
   "value": "<div class=\"ps17130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.54pt\">Financial income may be analysed as follows:</span></div><div class=\"ps17133 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest income from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Net gains from derivative financial instruments</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">31<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-3769e72f ps22\">Other interest and financial income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial income</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:157.35pt\">Financial expenses may be analysed as follows:</span></div><div class=\"ps17138 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Bank interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses related to lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Commission expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net foreign exchange losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net losses from derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4841 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17135 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Other interest and financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4844 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17136 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">153<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4847 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17137 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-590": {
   "value": "<div class=\"ps17134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:157.35pt\">Financial expenses may be analysed as follows:</span></div><div class=\"ps17138 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Bank interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses related to lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Commission expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net foreign exchange losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net losses from derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4841 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17135 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Other interest and financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4844 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17136 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">153<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4847 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17137 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-589": {
   "value": "<div class=\"ps17134 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:157.35pt\">Financial expenses may be analysed as follows:</span></div><div class=\"ps17138 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:355.5pt\"></td><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:57pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss392\"><div><div class=\"ps8886 ss391\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps4447 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps17114 ss519\"><div><div class=\"ps313 ss504\"><span class=\"f charStyle-81df793a ps17113\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Bank interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4653 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17116 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses related to lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4674 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17117 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Commission expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4835 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17119 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps3961\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net foreign exchange losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4838 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17132 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Net losses from derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4841 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps13899\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17135 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17131\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-bd419927 ps22\">Other interest and financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4844 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17136 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-bd419927 ps17115\">153<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss392\"><div><div class=\"ps961 ss391\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Financial expenses</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4847 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">337<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17137 ss519\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-81df793a ps17115\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-591": {
   "value": "<div class=\"ps17147 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.31pt\">Capitalised borrowing costs amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17139\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps17140\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps17141\" style=\"width:8.2pt\">23</span><span class=\"f charStyle-24b91321 ps17142\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps17143\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17144\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17145\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17146\" style=\"width:45.07pt\">, respectively.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-592": {
   "value": "<div><div id=\"i43e6a12bf22342ad87b2f229db6a9125_964\" style=\"position:absolute;top:90pt\"></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">9. Income tax (expense) benefit</span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The Company and its subsidiaries have substantial worldwide operations. The Company\u2019s subsidiaries incur tax obligations in the jurisdictions in</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps9374 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:407.03pt\">which they operate. The Group\u2019s income tax expenses or benefits as reported in its consolidated income statement <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17152\" style=\"width:68.9pt\">for the years ended</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps17153 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:300.75pt\"> consist primarily of income tax expenses or benefits related to subsidiaries of the Company.</span></div><div class=\"ps17158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:209.01pt\">Income tax (expense) benefit for the years ended 31\u00a0December </span><span class=\"f charStyle-24b91321 ps17154\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17155\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17156\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17157\" style=\"width:86.46pt\"> consisted of the following:</span></div><div class=\"ps17165 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:337.5pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:66pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1343\"><div><div class=\"ps8886 ss1342\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps13410 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-81df793a ps17159\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2913 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-81df793a ps17159\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Current taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5853 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps17160\">(60)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17161 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps11907\">(101)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Deferred taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5861 ss1344\"><div><div class=\"ps315 ss574\"><span class=\"f charStyle-bd419927 ps17160\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17162 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps8776\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Taxes relating to prior periods<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5867 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps8776\">27<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17163 ss1344\"><div><div class=\"ps313 ss574\"><span class=\"f charStyle-bd419927 ps17160\">(36)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-81df793a ps22\">Total Income tax (expense) benefit<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5873 ss1344\"><div><div class=\"ps315 ss574\"><span class=\"f charStyle-81df793a ps17160\">(82)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17164 ss1344\"><div><div class=\"ps315 ss574\"><span class=\"f charStyle-81df793a ps17160\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17166 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The Company is incorporated in the Netherlands but is a tax resident of Italy. The reconciliation of the differences between the theoretical income<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17167 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">taxes at the parent statutory rate and the total income taxes is presented based on the Italian national statutory corporation tax rate of 24% in</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps17168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">force during each of Iveco Group\u2019s calendar year reporting periods presented in these Consolidated Financial Statements. A reconciliation of</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps17173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:115.17pt\">Iveco Group\u2019s income tax expense </span><span class=\"f charStyle-24b91321 ps17169\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17170\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17171\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17172\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps17192 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:337.5pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:66.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1343\"><div><div class=\"ps8886 ss1342\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps13410 ss1331\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps16911 ss1339\"><div><div class=\"ps313 ss1336\"><span class=\"f charStyle-81df793a ps17175\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-81df793a ps22\">Theoretical Income tax (expense) at the parent statutory rate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5853 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(75)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17177 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps16920\">129<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Foreign income taxed at different rates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps5861 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17180 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17179\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax assets not recognised and write-down<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5867 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17182 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(15)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Italian IRAP taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5873 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17183 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Taxes relating to prior years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5880 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">27<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17185 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Recognition or utilisation of previously unrecognised deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5886 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17187 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">94<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17188 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17189 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">37<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1343\"><div><div class=\"ps961 ss1342\"><span class=\"f charStyle-81df793a ps22\">Total Income tax (expense) benefit<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17190 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(82)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17191 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps17181\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17201 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:86.29pt\">The effective tax rates for </span><span class=\"f charStyle-24b91321 ps17193\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17194\" style=\"width:16.82pt\"> and </span><span class=\"f charStyle-24b91321 ps17195\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17196\" style=\"width:20.49pt\"> were </span><span class=\"f charStyle-24b91321 ps17197\" style=\"width:20.91pt\">25.9%</span><span class=\"f charStyle-24b91321 ps17198\" style=\"width:16.82pt\"> and </span><span class=\"f charStyle-24b91321 ps17199\" style=\"width:16.81pt\">8.9%</span><span class=\"f charStyle-24b91321 ps17200\" style=\"width:264.99pt\">, respectively. The increase of 2025 effective tax rate reflects tax rates applied in</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps17202 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:469.62pt\">the jurisdictions where the Group is present. 2024 effective tax rate was positively affected by the recognition of deferred tax assets in Germany.</span></div><div class=\"ps17207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.97pt\">At </span><span class=\"f charStyle-24b91321 ps17203\" style=\"width:64.6pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps17204\" style=\"width:322.86pt\">, undistributed earnings in certain subsidiaries totalled approximately \u20ac3.4 billion (\u20ac3.4 billion at </span><span class=\"f charStyle-24b91321 ps17205\" style=\"width:64.6pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17206\" style=\"width:14.05pt\">) for</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">which no deferred tax liability has been recorded because the remittance of earnings from certain jurisdictions would incur no tax or such earnings<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">are indefinitely reinvested. Iveco Group has determined the amount of unrecognised deferred tax liability relating to the \u20ac3.4 billion undistributed</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">earnings is approximately \u20ac41 million and related to withholding taxes and incremental local country income taxes in certain jurisdictions. Dividend</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps17211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202pt\">income in Italy is generally exempt at 95% from income taxes.</span></div><div class=\"ps17212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The Group recognises in its consolidated statement of financial position within Deferred tax assets, the amount of deferred tax assets less the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17214 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:301.55pt\">deferred tax liabilities of the individual consolidated legal entities, where these may be offset.</span><span class=\"f charStyle-24b91321 ps17213\" style=\"width:2.05pt\"> </span></div><div class=\"ps17218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.43pt\">The components of net deferred tax assets at </span><span class=\"f charStyle-24b91321 ps10185\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps17215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17216\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17217\" style=\"width:49.16pt\"> are as follows:</span></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:215.25pt\"></td><td style=\"padding:0;width:48.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:48.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:48pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1345\"><div><div class=\"ps17220 ss848\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17225 ss1346\"><div><div class=\"ps17222 ss677\"><span class=\"f charStyle-81df793a ps17221\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss677\"><span class=\"f charStyle-81df793a ps17223\">31\u00a0December </span></div><div class=\"ps9284 ss677\"><span class=\"f charStyle-81df793a ps9724\">2024</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps943 ss1346\"><div><div class=\"ps17222 ss677\"><span class=\"f charStyle-81df793a ps8038\">Recognised <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss677\"><span class=\"f charStyle-81df793a ps949\">in income <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss677\"><span class=\"f charStyle-81df793a ps17226\">statement<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17229 ss1296\"><div><div class=\"ps17224 ss720\"><span class=\"f charStyle-81df793a ps17227\">Charged <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a ps17228\">to equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1347\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-db2d9ea7 ps17230\">Translation </span></div><div class=\"ps17222 ss513\"><span class=\"f charStyle-db2d9ea7 ps17231\">differences </span></div><div class=\"ps17224 ss513\"><span class=\"f charStyle-db2d9ea7 ps2514\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss513\"><span class=\"f charStyle-db2d9ea7 ps17232\">changes</span><span class=\"f charStyle-9c51b8bc ps17233\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17237 ss633\"><div><div class=\"ps17222 ss605\"><span class=\"f charStyle-81df793a ps17234\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps17235\">31\u00a0December </span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps17236\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax assets arising from:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Taxed provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17238 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9734\">614<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17240 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(73)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17242 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17244 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17243\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17245 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">502<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Inventories<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17247 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">63<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17249 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17250 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17251 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17243\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17252 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">49<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6668 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Taxed allowances for doubtful accounts<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17253 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17255 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17256 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17258 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17259 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">31<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Provision for employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17260 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17261 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17263 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17262\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17264 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13504 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">23<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Intangible assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17265 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17266 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9775\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17267 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17269 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17268\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17270 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9774 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-3769e72f ps8271\">Lease liabilities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17271 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17272 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17273 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17274 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17268\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17275 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1632 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-3769e72f ps8271\">Fixed assets</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17276 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17277 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17278 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17279 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17280 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10353 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Measurement of derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17281 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17282 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17283 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17262\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17284 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17285 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15426 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps6169\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17286 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17287 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17288 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17290 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17289\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17291 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">62<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8320 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17292 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps9734\">876<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17293 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17239\">(95)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17295 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17294\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17296 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17243\">(51)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17297 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">716<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17298 ss857\"><div><div class=\"ps961 ss848\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax liabilities arising from:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8794 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Right-of-use assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17299 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17300 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17301 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17302 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17289\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17303 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9268\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17304 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Inventories<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17305 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17306 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9775\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17307 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17308 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17310 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps17309\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17311 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Provision from employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17312 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17313 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9775\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17314 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17315 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17316 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps17309\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13084 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Capitalization of development costs<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17317 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(63)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17318 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17319 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17320 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17321 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9268\">(68)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15993 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17322 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(80)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17323 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17324 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17325 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17289\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17326 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9268\">(89)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps180 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17327 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps1029\">(166)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17328 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17239\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11057 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17329 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17289\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11059 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9231\">(180)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17330 ss1349\"><div><div class=\"ps2180 ss848\"><span class=\"f charStyle-81df793a ps22\">Theoretical tax benefit arising from tax loss carryforwards and tax <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss848\"><span class=\"f charStyle-81df793a ps22\">credits</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17332 ss1350\"><div><div class=\"ps1327 ss677\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.27pt\"></span></span><span class=\"ps17331\">185<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17334 ss1350\"><div><div class=\"ps1327 ss677\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.91pt\"></span></span><span class=\"ps17333\">41<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17336 ss1351\"><div><div class=\"ps1327 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:26.89pt\"></span></span><span class=\"ps17335\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17338 ss517\"><div><div class=\"ps1327 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:34.37pt\"></span></span><span class=\"ps17337\">(4)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17340 ss606\"><div><div class=\"ps1327 ss605\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:31.52pt\"></span></span><span class=\"ps17339\">222<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17341 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-81df793a ps22\">Adjustments for assets whose recoverability is not probable<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17342 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps1029\">(169)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17343 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17246\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17344 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17345 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17346 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9231\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8817 ss857\"><div><div class=\"ps961 ss848\"><span class=\"f charStyle-81df793a ps22\">Total net deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17347 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps9734\">726<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17348 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17239\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17349 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17294\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17350 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17243\">(52)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17351 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">611<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17352 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:313.27pt\">(1) Translation differences and other changes includes \u20ac57 million of deferred tax assets reclassified to assets held for sale.</span></div><div class=\"ps8068 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:241.5pt\"></td><td style=\"padding:0;width:114.75pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:114.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1352\"><div><div class=\"ps8886 ss163\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps12585 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-81df793a ps17354\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17355 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-81df793a ps17354\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1352\"><div><div class=\"ps313 ss163\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17357 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-bd419927 ps17356\">644<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17358 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-bd419927 ps17356\">774<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1352\"><div><div class=\"ps313 ss163\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17360 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps17359\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17361 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps17359\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1352\"><div><div class=\"ps313 ss163\"><span class=\"f charStyle-81df793a ps22\">Net deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17362 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-81df793a ps17356\">611<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17363 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-81df793a ps17356\">726<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:60.24pt\">The decrease of \u20ac</span><span class=\"f charStyle-24b91321 ps17364\" style=\"width:12.3pt\">115</span><span class=\"f charStyle-24b91321 ps8602\" style=\"width:134.49pt\"> million in net deferred tax assets during </span><span class=\"f charStyle-24b91321 ps17365\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17366\" style=\"width:252.51pt\"> was mainly due to the reclassification as assets held for sale of deferred tax</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps17368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">assets related to the Defence business (included in Continuing Operations at 31 December 2024) as well as to loss and credit utilization and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:179.39pt\">increasing deferred tax liabilities in certain jurisdictions.</span></div><div class=\"ps17370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The decision to recognise deferred tax assets is made for each legal entity in the Group by critically assessing whether the conditions exist for the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">future recoverability of such assets on the basis of actual results, as well as updated strategic business plans and accompanying tax plans. For</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:345.6pt\">this reason, the total theoretical future tax benefits arising from deductible temporary differences of \u20ac</span><span class=\"f charStyle-24b91321 ps6492\" style=\"width:12.3pt\">716</span><span class=\"f charStyle-24b91321 ps17372\" style=\"width:37.15pt\"> million at </span><span class=\"f charStyle-24b91321 ps17373\" style=\"width:65.36pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17374\" style=\"width:15.68pt\"> and</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:12.3pt\">876</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:33.97pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps17376\" style=\"width:63.24pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17377\" style=\"width:141.07pt\">, and tax loss and credit carryforwards of \u20ac</span><span class=\"f charStyle-24b91321 ps3331\" style=\"width:12.3pt\">222</span><span class=\"f charStyle-24b91321 ps17378\" style=\"width:33.97pt\"> million at </span><span class=\"f charStyle-24b91321 ps17379\" style=\"width:63.24pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17380\" style=\"width:21.04pt\"> and \u20ac</span><span class=\"f charStyle-24b91321 ps17381\" style=\"width:12.3pt\">185</span><span class=\"f charStyle-24b91321 ps17382\" style=\"width:33.97pt\"> million at </span><span class=\"f charStyle-24b91321 ps17383\" style=\"width:44.52pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:64.75pt\">, were reduced by \u20ac</span><span class=\"f charStyle-24b91321 ps17385\" style=\"width:12.3pt\">147</span><span class=\"f charStyle-24b91321 ps17386\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps17387\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17388\" style=\"width:20.5pt\"> and \u20ac</span><span class=\"f charStyle-24b91321 ps17389\" style=\"width:12.3pt\">169</span><span class=\"f charStyle-24b91321 ps17390\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps17391\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17392\" style=\"width:2.05pt\">.</span></div><div class=\"ps17397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:246.03pt\">Net recognised deferred tax assets and tax credits include \u20ac165 million at </span><span class=\"f charStyle-24b91321 ps17394\" style=\"width:63.48pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17395\" style=\"width:51.52pt\"> (\u20ac91 million at </span><span class=\"f charStyle-24b91321 ps17396\" style=\"width:63.48pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8077\" style=\"width:51.58pt\">) of tax benefits</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17401 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:179.04pt\">arising from tax loss carryforwards and tax credits. At </span><span class=\"f charStyle-24b91321 ps17398\" style=\"width:63.52pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17399\" style=\"width:167.55pt\">, a further tax benefit of \u20ac57 million (\u20ac94 million at </span><span class=\"f charStyle-24b91321 ps17400\" style=\"width:63.52pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps10264\" style=\"width:2.45pt\">)</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17402 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.08pt\">arising from tax loss carryforwards and tax credits has not been recognised.</span></div><div class=\"ps17407 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.52pt\">At </span><span class=\"f charStyle-24b91321 ps17403\" style=\"width:63.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17404\" style=\"width:302.4pt\">, tax liabilities primarily include uncertain income tax amounts of \u20ac19 million (\u20ac45 million at </span><span class=\"f charStyle-24b91321 ps17405\" style=\"width:63.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17406\" style=\"width:36.65pt\">) and other</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps17408 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.45pt\">tax payables.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:306.54pt\">The totals of deductible and taxable temporary differences and accumulated tax losses at </span><span class=\"f charStyle-24b91321 ps17410\" style=\"width:64.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17411\" style=\"width:104.78pt\">, together with the amounts for</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:382.33pt\">which deferred tax assets have not been recognised, analysed by estimated year of reversal or expiry, are as follows:</span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:194.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:32.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:53.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"11\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17413 ss1354\"><div><div class=\"ps313 ss1353\"><span class=\"f charStyle-81df793a ps17412\">Year of expiry<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1355\"><div><div class=\"ps9091 ss675\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17416 ss757\"><div><div class=\"ps2180 ss756\"><span class=\"f charStyle-81df793a ps17414\">Total at 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss756\"><span class=\"f charStyle-81df793a ps17415\">December 2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2026<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17418 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2027<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17419 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2028<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17420 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2029<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2357 ss1081\"><div><div class=\"ps2180 ss1015\"><span class=\"f charStyle-81df793a ps17421\">Beyond <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1015\"><span class=\"f charStyle-81df793a ps8012\">2029<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17424 ss1357\"><div><div class=\"ps2180 ss236\"><span class=\"f charStyle-81df793a ps17422\">Unlimited/ <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss236\"><span class=\"f charStyle-81df793a ps17423\">indeterminable<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps22\">Temporary differences and tax losses:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps8271\">Deductible temporary differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17425 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps11494\">2,978<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17426 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps12538\">1,105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17428 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17427\">633<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17429 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17427\">466<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17430 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17427\">196<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17432 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-bd419927 ps17431\">325<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17434 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">253<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps8271\">Taxable temporary differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17436 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(623)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17438 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(113)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17439 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(104)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17441 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17440\">(73)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17442 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17440\">(64)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17443 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-bd419927 ps2946\">(129)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17445 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(140)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps8271\">Tax losses and tax credits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17447 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps17446\">942<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17449 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">74<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17450 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17451 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">58<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17452 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17453 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-bd419927 ps17431\">409<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17454 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">252<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss1360\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps15254\">Temporary differences and tax losses for which deferred tax <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss675\"><span class=\"f charStyle-bd419927 ps15254\">assets have not been recognised<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17455 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(983)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17456 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(322)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17457 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(111)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17458 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(126)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17459 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17440\">(13)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17460 ss1362\"><div><div class=\"ps9141 ss1015\"><span class=\"f charStyle-bd419927 ps2946\">(337)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17462 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17461\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2342 ss682\"><div><div class=\"ps315 ss675\"><span class=\"f charStyle-81df793a ps22\">Temporary differences and tax losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17463 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps11494\">2,314<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17464 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">744<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17465 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">489<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17466 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">325<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17467 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">197<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2383 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-81df793a ps17431\">268<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17468 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17433\">291<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17469 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Iveco Group files income tax returns in multiple jurisdictions and is subject to examination by taxing authorities throughout the world. Iveco Group</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps17470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">has open tax years from 2010 through 2024. Due to the global nature of Iveco Group\u2019s business, transfer pricing disputes may arise, and Iveco<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Group may seek correlative relief through competent authority processes. Further, as various ongoing audits are concluded, or as the applicable</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps17472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">statutes of limitations expire, it is possible Iveco Group\u2019s amount of unrecognised tax benefits could change during the next twelve months. Iveco</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Group does not believe the resolution of any outstanding tax examinations will have a material effect on Iveco Group\u2019s results of operations,</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:146.28pt\">statement of financial position, or cash flows.</span></div><div class=\"ps17475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">Effective from 1 January 2024, Iveco Group falls within the scope of the Pillar Two income taxes provided by Directive 2022/2523, aimed to</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps17476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:365.03pt\">ensuring a global minimum level of taxation for multinational enterprise groups and large scale domestic groups.</span><span class=\"f charStyle-24b91321 ps11190\" style=\"width:2.05pt\"> </span></div><div class=\"ps17477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:458.06pt\">Pillar Two legislation was enacted in Italy by Legislative Decree 209/2023 (\u201cthe Legislative Decree\u201d) and came into effect from January 2024.</span></div><div class=\"ps17478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">As provided for by paragraph 4.A of IAS 12, in derogation from the provisions of this principle, Iveco Group N.V. applies the exception to</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:358.88pt\">recognizing and disclosing information on deferred tax assets and liabilities related to Pillar Two income taxes.</span></div><div class=\"ps17480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:399.89pt\">Based on the information available to date, Iveco Group estimates no material impacts in terms of Pillar Two income taxes.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-593": {
   "value": "<div class=\"ps17207 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.97pt\">At </span><span class=\"f charStyle-24b91321 ps17203\" style=\"width:64.6pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps17204\" style=\"width:322.86pt\">, undistributed earnings in certain subsidiaries totalled approximately \u20ac3.4 billion (\u20ac3.4 billion at </span><span class=\"f charStyle-24b91321 ps17205\" style=\"width:64.6pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17206\" style=\"width:14.05pt\">) for</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">which no deferred tax liability has been recorded because the remittance of earnings from certain jurisdictions would incur no tax or such earnings<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">are indefinitely reinvested. Iveco Group has determined the amount of unrecognised deferred tax liability relating to the \u20ac3.4 billion undistributed</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17210 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">earnings is approximately \u20ac41 million and related to withholding taxes and incremental local country income taxes in certain jurisdictions. Dividend</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps17211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202pt\">income in Italy is generally exempt at 95% from income taxes.</span></div><div class=\"ps17212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The Group recognises in its consolidated statement of financial position within Deferred tax assets, the amount of deferred tax assets less the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17214 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:301.55pt\">deferred tax liabilities of the individual consolidated legal entities, where these may be offset.</span><span class=\"f charStyle-24b91321 ps17213\" style=\"width:2.05pt\"> </span></div><div class=\"ps17218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.43pt\">The components of net deferred tax assets at </span><span class=\"f charStyle-24b91321 ps10185\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps17215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17216\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17217\" style=\"width:49.16pt\"> are as follows:</span></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:215.25pt\"></td><td style=\"padding:0;width:48.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:48.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:48pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1345\"><div><div class=\"ps17220 ss848\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17225 ss1346\"><div><div class=\"ps17222 ss677\"><span class=\"f charStyle-81df793a ps17221\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss677\"><span class=\"f charStyle-81df793a ps17223\">31\u00a0December </span></div><div class=\"ps9284 ss677\"><span class=\"f charStyle-81df793a ps9724\">2024</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps943 ss1346\"><div><div class=\"ps17222 ss677\"><span class=\"f charStyle-81df793a ps8038\">Recognised <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss677\"><span class=\"f charStyle-81df793a ps949\">in income <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss677\"><span class=\"f charStyle-81df793a ps17226\">statement<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17229 ss1296\"><div><div class=\"ps17224 ss720\"><span class=\"f charStyle-81df793a ps17227\">Charged <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a ps17228\">to equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1347\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-db2d9ea7 ps17230\">Translation </span></div><div class=\"ps17222 ss513\"><span class=\"f charStyle-db2d9ea7 ps17231\">differences </span></div><div class=\"ps17224 ss513\"><span class=\"f charStyle-db2d9ea7 ps2514\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss513\"><span class=\"f charStyle-db2d9ea7 ps17232\">changes</span><span class=\"f charStyle-9c51b8bc ps17233\"><sup>(1)</sup></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17237 ss633\"><div><div class=\"ps17222 ss605\"><span class=\"f charStyle-81df793a ps17234\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps17235\">31\u00a0December </span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps17236\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax assets arising from:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Taxed provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17238 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9734\">614<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17240 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(73)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17242 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17244 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17243\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17245 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">502<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Inventories<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17247 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">63<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17249 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17250 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17251 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17243\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17252 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">49<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6668 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Taxed allowances for doubtful accounts<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17253 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17255 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17256 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17258 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17259 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">31<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Provision for employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17260 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17261 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17263 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17262\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17264 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13504 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">23<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Intangible assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17265 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17266 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9775\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17267 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17269 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17268\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17270 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9774 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-3769e72f ps8271\">Lease liabilities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17271 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17272 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17273 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17274 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17268\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17275 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1632 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-3769e72f ps8271\">Fixed assets</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17276 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17277 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17278 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17279 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17280 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">16<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10353 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Measurement of derivative financial instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17281 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17282 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17254\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17283 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17262\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17284 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17285 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15426 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps6169\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17286 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17246\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17287 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17288 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17290 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17289\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17291 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">62<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8320 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17292 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps9734\">876<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17293 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17239\">(95)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17295 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17294\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17296 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17243\">(51)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17297 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">716<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17298 ss857\"><div><div class=\"ps961 ss848\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax liabilities arising from:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8794 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Right-of-use assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17299 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17300 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17301 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17302 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17289\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17303 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9268\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17304 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Inventories<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17305 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17306 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9775\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17307 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17308 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17310 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps17309\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17311 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Provision from employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17312 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17313 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps9775\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17314 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17315 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17316 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps17309\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13084 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Capitalization of development costs<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17317 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(63)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17318 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17248\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17319 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17320 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17321 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9268\">(68)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15993 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-bd419927 ps8271\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17322 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(80)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17323 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-bd419927 ps17239\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17324 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-bd419927 ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17325 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17289\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17326 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9268\">(89)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps180 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17327 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps1029\">(166)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17328 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17239\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11057 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17329 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17289\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11059 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9231\">(180)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17330 ss1349\"><div><div class=\"ps2180 ss848\"><span class=\"f charStyle-81df793a ps22\">Theoretical tax benefit arising from tax loss carryforwards and tax <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss848\"><span class=\"f charStyle-81df793a ps22\">credits</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17332 ss1350\"><div><div class=\"ps1327 ss677\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.27pt\"></span></span><span class=\"ps17331\">185<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17334 ss1350\"><div><div class=\"ps1327 ss677\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.91pt\"></span></span><span class=\"ps17333\">41<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17336 ss1351\"><div><div class=\"ps1327 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:26.89pt\"></span></span><span class=\"ps17335\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17338 ss517\"><div><div class=\"ps1327 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:34.37pt\"></span></span><span class=\"ps17337\">(4)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17340 ss606\"><div><div class=\"ps1327 ss605\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:31.52pt\"></span></span><span class=\"ps17339\">222<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17341 ss857\"><div><div class=\"ps313 ss848\"><span class=\"f charStyle-81df793a ps22\">Adjustments for assets whose recoverability is not probable<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17342 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps1029\">(169)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17343 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17246\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17344 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17241\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17345 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17257\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17346 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9231\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8817 ss857\"><div><div class=\"ps961 ss848\"><span class=\"f charStyle-81df793a ps22\">Total net deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17347 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps9734\">726<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17348 ss683\"><div><div class=\"ps961 ss677\"><span class=\"f charStyle-81df793a ps17239\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17349 ss1348\"><div><div class=\"ps961 ss720\"><span class=\"f charStyle-81df793a ps17294\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17350 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17243\">(52)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17351 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">611<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17352 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:313.27pt\">(1) Translation differences and other changes includes \u20ac57 million of deferred tax assets reclassified to assets held for sale.</span></div><div class=\"ps8068 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:241.5pt\"></td><td style=\"padding:0;width:114.75pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:114.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1352\"><div><div class=\"ps8886 ss163\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps12585 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-81df793a ps17354\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17355 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-81df793a ps17354\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1352\"><div><div class=\"ps313 ss163\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17357 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-bd419927 ps17356\">644<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17358 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-bd419927 ps17356\">774<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1352\"><div><div class=\"ps313 ss163\"><span class=\"f charStyle-bd419927 ps22\">Deferred tax liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17360 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps17359\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17361 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps17359\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1352\"><div><div class=\"ps313 ss163\"><span class=\"f charStyle-81df793a ps22\">Net deferred tax assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17362 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-81df793a ps17356\">611<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17363 ss489\"><div><div class=\"ps315 ss488\"><span class=\"f charStyle-81df793a ps17356\">726<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17367 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:60.24pt\">The decrease of \u20ac</span><span class=\"f charStyle-24b91321 ps17364\" style=\"width:12.3pt\">115</span><span class=\"f charStyle-24b91321 ps8602\" style=\"width:134.49pt\"> million in net deferred tax assets during </span><span class=\"f charStyle-24b91321 ps17365\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17366\" style=\"width:252.51pt\"> was mainly due to the reclassification as assets held for sale of deferred tax</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps17368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">assets related to the Defence business (included in Continuing Operations at 31 December 2024) as well as to loss and credit utilization and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:179.39pt\">increasing deferred tax liabilities in certain jurisdictions.</span></div><div class=\"ps17370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The decision to recognise deferred tax assets is made for each legal entity in the Group by critically assessing whether the conditions exist for the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">future recoverability of such assets on the basis of actual results, as well as updated strategic business plans and accompanying tax plans. For</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:345.6pt\">this reason, the total theoretical future tax benefits arising from deductible temporary differences of \u20ac</span><span class=\"f charStyle-24b91321 ps6492\" style=\"width:12.3pt\">716</span><span class=\"f charStyle-24b91321 ps17372\" style=\"width:37.15pt\"> million at </span><span class=\"f charStyle-24b91321 ps17373\" style=\"width:65.36pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17374\" style=\"width:15.68pt\"> and</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:12.3pt\">876</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:33.97pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps17376\" style=\"width:63.24pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17377\" style=\"width:141.07pt\">, and tax loss and credit carryforwards of \u20ac</span><span class=\"f charStyle-24b91321 ps3331\" style=\"width:12.3pt\">222</span><span class=\"f charStyle-24b91321 ps17378\" style=\"width:33.97pt\"> million at </span><span class=\"f charStyle-24b91321 ps17379\" style=\"width:63.24pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17380\" style=\"width:21.04pt\"> and \u20ac</span><span class=\"f charStyle-24b91321 ps17381\" style=\"width:12.3pt\">185</span><span class=\"f charStyle-24b91321 ps17382\" style=\"width:33.97pt\"> million at </span><span class=\"f charStyle-24b91321 ps17383\" style=\"width:44.52pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps17393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:64.75pt\">, were reduced by \u20ac</span><span class=\"f charStyle-24b91321 ps17385\" style=\"width:12.3pt\">147</span><span class=\"f charStyle-24b91321 ps17386\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps17387\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17388\" style=\"width:20.5pt\"> and \u20ac</span><span class=\"f charStyle-24b91321 ps17389\" style=\"width:12.3pt\">169</span><span class=\"f charStyle-24b91321 ps17390\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps17391\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17392\" style=\"width:2.05pt\">.</span></div><div class=\"ps17397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:246.03pt\">Net recognised deferred tax assets and tax credits include \u20ac165 million at </span><span class=\"f charStyle-24b91321 ps17394\" style=\"width:63.48pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17395\" style=\"width:51.52pt\"> (\u20ac91 million at </span><span class=\"f charStyle-24b91321 ps17396\" style=\"width:63.48pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8077\" style=\"width:51.58pt\">) of tax benefits</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17401 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:179.04pt\">arising from tax loss carryforwards and tax credits. At </span><span class=\"f charStyle-24b91321 ps17398\" style=\"width:63.52pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17399\" style=\"width:167.55pt\">, a further tax benefit of \u20ac57 million (\u20ac94 million at </span><span class=\"f charStyle-24b91321 ps17400\" style=\"width:63.52pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps10264\" style=\"width:2.45pt\">)</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17402 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:247.08pt\">arising from tax loss carryforwards and tax credits has not been recognised.</span></div><div class=\"ps17407 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.52pt\">At </span><span class=\"f charStyle-24b91321 ps17403\" style=\"width:63.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17404\" style=\"width:302.4pt\">, tax liabilities primarily include uncertain income tax amounts of \u20ac19 million (\u20ac45 million at </span><span class=\"f charStyle-24b91321 ps17405\" style=\"width:63.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17406\" style=\"width:36.65pt\">) and other</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps17408 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.45pt\">tax payables.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:306.54pt\">The totals of deductible and taxable temporary differences and accumulated tax losses at </span><span class=\"f charStyle-24b91321 ps17410\" style=\"width:64.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17411\" style=\"width:104.78pt\">, together with the amounts for</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:382.33pt\">which deferred tax assets have not been recognised, analysed by estimated year of reversal or expiry, are as follows:</span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:194.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:26.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:32.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:53.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"11\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17413 ss1354\"><div><div class=\"ps313 ss1353\"><span class=\"f charStyle-81df793a ps17412\">Year of expiry<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1355\"><div><div class=\"ps9091 ss675\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17416 ss757\"><div><div class=\"ps2180 ss756\"><span class=\"f charStyle-81df793a ps17414\">Total at 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss756\"><span class=\"f charStyle-81df793a ps17415\">December 2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2026<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17418 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2027<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17419 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2028<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17420 ss1356\"><div><div class=\"ps1327 ss272\"><span class=\"f charStyle-81df793a ps14436\">2029<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2357 ss1081\"><div><div class=\"ps2180 ss1015\"><span class=\"f charStyle-81df793a ps17421\">Beyond <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1015\"><span class=\"f charStyle-81df793a ps8012\">2029<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17424 ss1357\"><div><div class=\"ps2180 ss236\"><span class=\"f charStyle-81df793a ps17422\">Unlimited/ <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss236\"><span class=\"f charStyle-81df793a ps17423\">indeterminable<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps22\">Temporary differences and tax losses:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps8271\">Deductible temporary differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17425 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps11494\">2,978<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17426 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps12538\">1,105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17428 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17427\">633<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17429 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17427\">466<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17430 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17427\">196<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17432 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-bd419927 ps17431\">325<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17434 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">253<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps8271\">Taxable temporary differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17436 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(623)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17438 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(113)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17439 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(104)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17441 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17440\">(73)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17442 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17440\">(64)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17443 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-bd419927 ps2946\">(129)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17445 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(140)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss682\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps8271\">Tax losses and tax credits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17447 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps17446\">942<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17449 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">74<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17450 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17451 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">58<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17452 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-bd419927 ps17448\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17453 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-bd419927 ps17431\">409<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17454 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">252<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss1360\"><div><div class=\"ps313 ss675\"><span class=\"f charStyle-bd419927 ps15254\">Temporary differences and tax losses for which deferred tax <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss675\"><span class=\"f charStyle-bd419927 ps15254\">assets have not been recognised<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17455 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(983)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17456 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(322)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17457 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(111)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17458 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17437\">(126)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17459 ss1361\"><div><div class=\"ps9141 ss272\"><span class=\"f charStyle-bd419927 ps17440\">(13)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17460 ss1362\"><div><div class=\"ps9141 ss1015\"><span class=\"f charStyle-bd419927 ps2946\">(337)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17462 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17461\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2342 ss682\"><div><div class=\"ps315 ss675\"><span class=\"f charStyle-81df793a ps22\">Temporary differences and tax losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17463 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps11494\">2,314<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17464 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">744<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17465 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">489<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17466 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">325<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17467 ss1358\"><div><div class=\"ps961 ss272\"><span class=\"f charStyle-81df793a ps17427\">197<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2383 ss1359\"><div><div class=\"ps961 ss1015\"><span class=\"f charStyle-81df793a ps17431\">268<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17468 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17433\">291<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-594": {
   "value": "<div class=\"ps17407 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.52pt\">At </span><span class=\"f charStyle-24b91321 ps17403\" style=\"width:63.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17404\" style=\"width:302.4pt\">, tax liabilities primarily include uncertain income tax amounts of \u20ac19 million (\u20ac45 million at </span><span class=\"f charStyle-24b91321 ps17405\" style=\"width:63.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17406\" style=\"width:36.65pt\">) and other</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps17408 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.45pt\">tax payables.</span></div><div class=\"ps18822 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:186.42pt\">A summary of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps18818\" style=\"width:62.7pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18819\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18820\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18821\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18836 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18823\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps18824\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Retail:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Retail financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Finance leases<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">57<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15395\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Wholesale:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Dealer financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3994\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18830 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3994\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18832 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">73<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18833 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">95<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18834 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3994\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18835 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.09pt\">An analysis of Other liabilities is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18437 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Advances on buy-back agreements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11517 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">844<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">864<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20797 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Indirect tax payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20798 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">257<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Accrued expenses and deferred income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20799 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">190<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Payables to personnel<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20800 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">158<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Social security payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20801 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">101<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20802 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">262<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">480<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20803 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,224<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,434<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-596": {
   "value": "<div class=\"ps17481 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">10. Other information by nature of expense </span></div><div class=\"ps17484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:251.01pt\">The income statement includes personnel costs for \u20ac2,034 million in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17482\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17483\" style=\"width:208.66pt\">, of which \u20ac1,901 million related to Continuing Operations<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:25pt\">(\u20ac2,173</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:2.05pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps3904\" style=\"width:30.69pt\">million in </span><span class=\"f charStyle-24b91321 ps17486\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17487\" style=\"width:191.32pt\">, of which \u20ac1,950 million related to Continuing Operations).</span><span class=\"f charStyle-24b91321 ps17488\" style=\"width:2.05pt\"> </span></div><div class=\"ps17490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Employees are divided into four main categories: Hourly, Salaried, Professional, and Manager. Professional encompasses all individuals in</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">specialised roles. Manager refers to individuals in manager/senior professional roles and above. All categories include both full-time and part-time</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps17492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:283.58pt\">employees. An analysis of the average number of employees by category is as follows:</span></div><div class=\"ps17518 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:136.5pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps17493 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps3919\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3924 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps3919\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17495 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17494\">Total Group</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17497 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17496\"> Continuing Operations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps7367 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17494\">Total Group</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16844 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17498\">Continuing Operations</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Manager<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17500 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,139<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17501 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,005<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17502 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,177<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16846 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,009<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Professional<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17503 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,584<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17505 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,215<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17506 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,610<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16847 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,216<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Salaried<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17507 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">4,635<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17508 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">4,162<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17509 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,023<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16848 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">4,362<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Hourly<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17511 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">22,894<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17512 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">21,831<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17513 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">23,244<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16849 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">21,258<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-81df793a ps22\">Average number of employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17514 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">35,252<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17515 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">33,213<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17516 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">36,054<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17517 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">32,845<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-595": {
   "value": "<div class=\"ps17481 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">10. Other information by nature of expense </span></div><div class=\"ps17484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:251.01pt\">The income statement includes personnel costs for \u20ac2,034 million in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17482\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17483\" style=\"width:208.66pt\">, of which \u20ac1,901 million related to Continuing Operations<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps17489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:25pt\">(\u20ac2,173</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:2.05pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps3904\" style=\"width:30.69pt\">million in </span><span class=\"f charStyle-24b91321 ps17486\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17487\" style=\"width:191.32pt\">, of which \u20ac1,950 million related to Continuing Operations).</span><span class=\"f charStyle-24b91321 ps17488\" style=\"width:2.05pt\"> </span></div><div class=\"ps17490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Employees are divided into four main categories: Hourly, Salaried, Professional, and Manager. Professional encompasses all individuals in</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">specialised roles. Manager refers to individuals in manager/senior professional roles and above. All categories include both full-time and part-time</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps17492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:283.58pt\">employees. An analysis of the average number of employees by category is as follows:</span></div><div class=\"ps17518 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:136.5pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:80.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:80.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps17493 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps3919\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3924 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a ps3919\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17495 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17494\">Total Group</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps17497 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17496\"> Continuing Operations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps7367 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17494\">Total Group</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps16844 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-db2d9ea7 ps17498\">Continuing Operations</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Manager<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17500 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,139<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17501 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,005<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17502 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,177<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16846 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">2,009<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Professional<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17503 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,584<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17505 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,215<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17506 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,610<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16847 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,216<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Salaried<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17507 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">4,635<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17508 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">4,162<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17509 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">5,023<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16848 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:58.31pt\"></span></span><span class=\"ps17499\">4,362<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-bd419927 ps22\">Hourly<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17511 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">22,894<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17512 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">21,831<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17513 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">23,244<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16849 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">21,258<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-81df793a ps22\">Average number of employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17514 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">35,252<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17515 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">33,213<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17516 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">36,054<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17517 ss461\"><div><div class=\"ps961 ss324\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:54.67pt\"></span></span><span class=\"ps17510\">32,845<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-597": {
   "value": "<div><div id=\"i43e6a12bf22342ad87b2f229db6a9125_970\" style=\"position:absolute;top:90pt\"></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">11. Earnings per share </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.94pt\">A reconciliation of basic and diluted earnings/(loss) per share is as follows:</span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:258pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:84pt\"></td></tr><tr style=\"height:12.75pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps17519 ss1366\"><div><div class=\"ps313 ss290\"><span class=\"f charStyle-81df793a ps13698\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps17521 ss1368\"><div><div class=\"ps313 ss1367\"><span class=\"f charStyle-81df793a ps17520\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17522 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Basic:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8251 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) attributable to the owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17524 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps17523\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17526 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">289<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17528 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">349<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps821 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 basic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17529 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17530 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">266<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17531 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps765 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-81df793a ps22\">Basic earnings/(loss) per Common Share<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17533 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17532\">\u20ac<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17535 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.45pt\"></span></span><span class=\"ps17534\">1.08<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17537 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.7pt\"></span></span><span class=\"ps17536\">1.31<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2338 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Basic:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2340 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) from Continuing Operations attributable to the owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17538 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17523\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17539 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">234<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17540 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">486<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2342 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 basic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17541 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17542 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">266<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17543 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2344 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-81df793a ps22\">Basic earnings/(loss) per Common Share from Continuing Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17544 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17532\">\u20ac<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17545 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.45pt\"></span></span><span class=\"ps17534\">0.88<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17546 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.7pt\"></span></span><span class=\"ps17536\">1.82<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #0094ff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps1161 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Basic:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8786 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) from Discontinued Operations attributable to the owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17547 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17523\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17549 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:71.91pt\"></span></span><span class=\"ps17548\">55<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17551 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.34pt\"></span></span><span class=\"ps17550\">(137)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17552 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 basic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17553 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17554 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">266<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17555 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps14360 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-81df793a ps22\">Basic earnings/(loss) per Common Share from Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17556 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps17532\">\u20ac<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17557 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.45pt\"></span></span><span class=\"ps17534\">0.20<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17559 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:63.52pt\"></span></span><span class=\"ps17558\">(0.51)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11038 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Diluted:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2432 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) attributable to the owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17560 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps17523\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17561 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">289<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17562 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">349<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17563 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 basic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17564 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17565 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">266<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17566 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps15288 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Effect of dilutive potential Common Shares (when dilutive):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps11060 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Share compensation plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17567 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17569 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:75.55pt\"></span></span><span class=\"ps17568\">2<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17571 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:74.8pt\"></span></span><span class=\"ps17570\">4<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps15291 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 diluted<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17572 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17573 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">268<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17574 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">271<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps15200 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-81df793a ps22\">Diluted earnings/(loss) per Common Share<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17575 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps17532\">\u20ac<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17576 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.45pt\"></span></span><span class=\"ps17534\">1.08<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17577 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.7pt\"></span></span><span class=\"ps17536\">1.29<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps7908 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Diluted:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2545 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) from Continuing Operations attributable to the owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17578 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17523\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17579 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">234<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17580 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">486<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17581 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 basic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17582 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17583 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">266<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17584 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps243 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Effect of dilutive potential Common Shares (when dilutive):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps10519 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Share compensation plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17585 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17586 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:75.55pt\"></span></span><span class=\"ps17568\">2<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17587 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:74.8pt\"></span></span><span class=\"ps17570\">4<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps15211 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 diluted<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17588 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17589 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">268<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17590 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">271<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17591 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-81df793a ps22\">Diluted earnings/(loss) per Common Share from Continuing Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17592 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17532\">\u20ac<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17593 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.45pt\"></span></span><span class=\"ps17534\">0.88<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17594 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.7pt\"></span></span><span class=\"ps17536\">1.79<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #0094ff;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps17595 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Diluted:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17596 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) from Discontinued Operations attributable to the owners of the parent<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17597 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17523\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17598 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:71.91pt\"></span></span><span class=\"ps17548\">55<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17599 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.34pt\"></span></span><span class=\"ps17550\">(137)</span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps10901 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 basic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17600 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17601 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">266<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17602 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17603 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Effect of dilutive potential Common Shares (when dilutive):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17604 ss1370\"><div><div class=\"ps301 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Share compensation plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17605 ss1371\"><div><div class=\"ps8237 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17606 ss1372\"><div><div class=\"ps301 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:75.55pt\"></span></span><span class=\"ps17568\">2<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17608 ss1373\"><div><div class=\"ps301 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:71.89pt\"></span></span><span class=\"ps17607\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps10629 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-bd419927 ps22\">Weighted average Common Shares outstanding \u2013 diluted<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17609 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps11520\">million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17610 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:68.27pt\"></span></span><span class=\"ps17525\">268<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17611 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:67.52pt\"></span></span><span class=\"ps17527\">267<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17612 ss1374\"><div><div class=\"ps961 ss1369\"><span class=\"f charStyle-81df793a ps22\">Diluted earnings/(loss) per Common Share from Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17613 ss523\"><div><div class=\"ps14309 ss513\"><span class=\"f charStyle-b52ff267 ps17532\">\u20ac<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17614 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.45pt\"></span></span><span class=\"ps17534\">0.20<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps17615 ss1375\"><div><div class=\"ps961 ss1367\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:63.52pt\"></span></span><span class=\"ps17558\">(0.51)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Basic earnings/(loss) per Common Share (EPS) is computed by dividing the Profit/(loss) for the period attributable to the owners of the parent by</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps5560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.45pt\">the weighted average number of Common Shares outstanding (after deduction of treasury shares) during the period.</span><span class=\"f charStyle-24b91321 ps17616\" style=\"width:2.05pt\"> </span></div><div class=\"ps646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Shares acquired under the buy-back program are included in treasury stock of the Company and, therefore, are deducted from the weighted</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7240 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">average number of Common Shares outstanding when calculating earnings per share. For additional information on the buy-back program, see</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.31pt\">Note 21 \u201cEquity\u201d.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Diluted EPS reflects the potential dilution that could occur on the conversion of all dilutive potential Common Shares into Common Shares.</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Restricted share units and performance share units deriving from the Iveco Group share-based payment awards are considered dilutive potential</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:57.36pt\">Common Shares.</span><span class=\"f charStyle-24b91321 ps7194\" style=\"width:2.05pt\"> </span></div><div class=\"ps17622 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:65.94pt\">For the year ended </span><span class=\"f charStyle-24b91321 ps17618\" style=\"width:63.5pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17619\" style=\"width:244.92pt\">, there were no anti-dilutive share grants outstanding. For the year ended </span><span class=\"f charStyle-24b91321 ps17620\" style=\"width:63.5pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps17621\" style=\"width:38.06pt\">, 0.8 million</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps17623 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">shares consisting of share grants were outstanding but not included in the calculation of diluted earnings per share as the impact of these shares</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps12463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.1pt\">would have been anti-dilutive.</span></div><div class=\"ps8686 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.52pt\">For additional information on the share-based payment awards, see Note </span><span class=\"f charStyle-24b91321 ps17624\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps17625\" style=\"width:29.81pt\"> \"Equity\".</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-600": {
   "value": "<div class=\"ps8666 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">12. Intangible assets</span></div><div class=\"ps8667 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:227.02pt\">, changes in the carrying amount of Intangible assets were as follows:</span></div><div class=\"ps17873 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:127.5pt\"></td><td style=\"padding:0;width:33pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:41.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1385\"><div><div class=\"ps9817 ss1384\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17653 ss1386\"><div><div class=\"ps9820 ss129\"><span class=\"f charStyle-81df793a ps17652\">Goodwill<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17658 ss693\"><div><div class=\"ps814 ss602\"><span class=\"f charStyle-81df793a ps17654\">Development <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss602\"><span class=\"f charStyle-81df793a ps17655\">costs </span></div><div class=\"ps9830 ss602\"><span class=\"f charStyle-81df793a ps17656\">externally </span></div><div class=\"ps9820 ss602\"><span class=\"f charStyle-81df793a ps17657\">acquired<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17661 ss693\"><div><div class=\"ps814 ss602\"><span class=\"f charStyle-81df793a ps17654\">Development <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss602\"><span class=\"f charStyle-81df793a ps17655\">costs </span></div><div class=\"ps9830 ss602\"><span class=\"f charStyle-81df793a ps17659\">internally </span></div><div class=\"ps9820 ss602\"><span class=\"f charStyle-81df793a ps17660\">generated<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17663 ss1387\"><div><div class=\"ps9828 ss213\"><span class=\"f charStyle-81df793a ps17662\">Patents, <span class=\"f ps13\"> </span></span></div><div class=\"ps9830 ss213\"><span class=\"f charStyle-81df793a ps17652\">concessions </span></div><div class=\"ps9820 ss213\"><span class=\"f charStyle-81df793a ps10287\">and licenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17666 ss1388\"><div><div class=\"ps814 ss555\"><span class=\"f charStyle-81df793a ps15906\">Other intangible <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss555\"><span class=\"f charStyle-81df793a ps17664\">assets </span></div><div class=\"ps9830 ss555\"><span class=\"f charStyle-81df793a ps10955\">externally <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss555\"><span class=\"f charStyle-81df793a ps17665\">acquired</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2912 ss1389\"><div><div class=\"ps814 ss1330\"><span class=\"f charStyle-81df793a ps17667\">Advances and <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss1330\"><span class=\"f charStyle-81df793a ps13920\">intangible assets </span></div><div class=\"ps9830 ss1330\"><span class=\"f charStyle-81df793a ps17668\">in progress <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss1330\"><span class=\"f charStyle-81df793a ps17669\">externally acquired<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17671 ss1390\"><div><div class=\"ps9820 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps8759 ss1391\"><div><div class=\"ps2180 ss1384\"><span class=\"f charStyle-81df793a ps22\">Gross carrying amount <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17673 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-81df793a ps17672\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17674 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,241<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17675 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,403<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17677 ss604\"><div><div class=\"ps1327 ss213\"><span class=\"f charStyle-81df793a ps17676\">741<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17678 ss1393\"><div><div class=\"ps1327 ss555\"><span class=\"f charStyle-81df793a ps8252\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17679 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps17184\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17680 ss1395\"><div><div class=\"ps1327 ss458\"><span class=\"f charStyle-81df793a ps16403\">5,615<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps14467 ss1396\"><div><div class=\"ps301 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17682 ss1397\"><div><div class=\"ps301 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17683 ss1398\"><div><div class=\"ps301 ss602\"><span class=\"f charStyle-bd419927 ps9148\">285<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17684 ss1398\"><div><div class=\"ps301 ss602\"><span class=\"f charStyle-bd419927 ps9148\">183<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17686 ss214\"><div><div class=\"ps301 ss213\"><span class=\"f charStyle-bd419927 ps17685\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17687 ss556\"><div><div class=\"ps301 ss555\"><span class=\"f charStyle-bd419927 ps8281\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17688 ss1399\"><div><div class=\"ps301 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17690 ss1400\"><div><div class=\"ps301 ss458\"><span class=\"f charStyle-81df793a ps17689\">570<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1804 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17691 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17692 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17693 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17695 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17696 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17697 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17699 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1806 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17701 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17700\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17702 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17703 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17705 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17706 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3068 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17707 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1808 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17708 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17709 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17710 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17712 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17713 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17714 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17715 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(98)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1811 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17716 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">85<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17717 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,475<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17718 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,517<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17719 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">756<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17720 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8252\">116<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17721 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17722 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">6,032<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1813 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17723 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17724 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">280<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17725 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17726 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17727 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8281\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17728 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17729 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">517<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1816 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Acquisitions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17730 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps15927\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17731 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17732 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17733 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps9152\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17734 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17735 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17737 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17736\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15270 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17738 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17739 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17740 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17741 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17742 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17743 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17745 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15275 ss1404\"><div><div class=\"ps3931 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17746 ss1405\"><div><div class=\"ps3931 ss129\"><span class=\"f charStyle-bd419927 ps17700\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17747 ss1406\"><div><div class=\"ps3931 ss602\"><span class=\"f charStyle-bd419927 ps9169\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17748 ss1406\"><div><div class=\"ps3931 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17749 ss1407\"><div><div class=\"ps3931 ss213\"><span class=\"f charStyle-bd419927 ps17685\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17750 ss1408\"><div><div class=\"ps3931 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17751 ss1409\"><div><div class=\"ps3931 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17752 ss1410\"><div><div class=\"ps3931 ss458\"><span class=\"f charStyle-81df793a ps17744\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13287 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17754 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17753\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17755 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(84)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17756 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17757 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17758 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17759 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17761 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17760\">(190)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17762 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17763 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17764 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,696<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17765 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17766 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">788<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17767 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8252\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17768 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17769 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">6,345<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17770 ss1411\"><div><div class=\"ps2248 ss1384\"><span class=\"f charStyle-81df793a ps22\">Accumulated amortisation and <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1384\"><span class=\"f charStyle-81df793a ps22\">impairment losses <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17771 ss1282\"><div><div class=\"ps2250 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17772 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,896<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17773 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,207<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17774 ss1413\"><div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17676\">590<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17775 ss1414\"><div><div class=\"ps2250 ss555\"><span class=\"f charStyle-81df793a ps8281\">79<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17776 ss1415\"><div><div class=\"ps2250 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17777 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps16403\">3,774<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1724 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Amortisation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17778 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17779 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">210<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17780 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17781 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">47<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17782 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17783 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17784 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">333<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17785 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17786 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17787 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17788 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17789 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17790 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17791 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17792 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17793 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17794 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17795 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17796 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17797 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17798 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17799 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17800 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps187 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17801 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17802 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(42)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17803 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17804 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17805 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17806 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17807 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(80)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15291 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17808 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17809 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,063<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17810 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,225<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17811 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">627<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17812 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17813 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17814 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">3,993<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15292 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Amortisation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17815 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17816 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">246<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17817 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17818 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">50<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17819 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17820 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17821 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">392<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15295 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Impairment losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17822 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17823 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17824 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17825 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps9152\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17826 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17827 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17828 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17736\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17829 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17830 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17831 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17832 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17833 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17834 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17835 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17836 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10848 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17837 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17838 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17839 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17840 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17841 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17842 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17843 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8823 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17844 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17845 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(76)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17846 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(43)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17847 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17848 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17849 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17850 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17760\">(124)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15300 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17851 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17852 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,231<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17853 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,274<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17854 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">675<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17855 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17856 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17857 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">4,258<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17858 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17859 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17860 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">412<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,292<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17862 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17863 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17864 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17865 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">2,039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9653 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17866 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">64<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17867 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">465<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17869 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17870 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">43<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17871 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17872 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">2,087<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Goodwill and intangible assets with indefinite useful lives</span></div><div class=\"ps10154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:344.7pt\">Goodwill is allocated to the Group\u2019s cash-generating units identified as the Group\u2019s operating segments. </span><span class=\"f charStyle-24b91321 ps17875\" style=\"width:131.3pt\">As described in section \"Introduction\" of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps10168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">the Board Report above, until 31 December 2023 Iveco Group presented its Consolidated Financial Statements including three reportable</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps10169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">segments, Commercial and Specialty Vehicles, Powertrain and Financial Services. The following table presents the allocation of goodwill across</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.25pt\">the current reportable segments; comparative data has been represented to conform the current year's presentation:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:88.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1417\"><div><div class=\"ps8886 ss1416\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps5379 ss694\"><div><div class=\"ps313 ss691\"><span class=\"f charStyle-81df793a ps17878\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17880 ss607\"><div><div class=\"ps313 ss599\"><span class=\"f charStyle-81df793a ps17879\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps312 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps11490 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17881\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps17883 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17882\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5381 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17884\">46<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17886 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">46<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-3769e72f ps22\">Defence</span><span class=\"f charStyle-a5ada9bf ps17887\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17888 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5385 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17884\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17889 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-81df793a ps22\">Goodwill net carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5387 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-81df793a ps17884\">64<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17890 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-81df793a ps17885\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:167.29pt\">(1) Classified as Assets held for sale - Discontinued operations at </span><span class=\"f charStyle-5ad4a1b7 ps17891\" style=\"width:48.78pt\">31\u00a0December 2025</span></div><div class=\"ps17893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Goodwill impairment test is performed at the cash generating unit level, which corresponds to the operating segment level, comparing the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">recoverable amount of the cash generating unit to the carrying amount to determine if there is an impairment loss. The results of the impairment</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps17899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.74pt\">tests obtained in </span><span class=\"f charStyle-24b91321 ps17895\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17896\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17897\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17898\" style=\"width:150.79pt\"> confirmed the absence of an impairment loss.</span></div><div class=\"ps17902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.17pt\">The vast majority of goodwill, representing approximately the </span><span class=\"f charStyle-24b91321 ps17900\" style=\"width:14.76pt\">81%</span><span class=\"f charStyle-24b91321 ps17901\" style=\"width:259.08pt\"> of the total, related to Industrial Activities Business Units (Truck and Bus) and,</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.18pt\">as such, the following discussion relates to the impairment testing performed at year-end for these cash-generating units.</span><span class=\"f charStyle-24b91321 ps17903\" style=\"width:2.05pt\"> </span></div><div class=\"ps17905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The recoverable amount of Truck and Bus cash-generating units is determined based on the value in use, that is the present value of estimated</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps17906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">future cash flows. The calculation of value in use is dependent on several assumptions, primarily estimates of future sales in the discrete future</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps17907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">period, and the weighted average cost of capital (discount rate), as well as other assumptions such as gross margins, operating costs, income tax</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:236.01pt\">rates, capital expenditures and changes in working capital requirements.</span></div><div class=\"ps11252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Discount rate assumptions include an assessment of the risk inherent in the future cash flows of the cash-generating unit. The discount rate</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.41pt\">before taxes selected was13.4% at </span><span class=\"f charStyle-24b91321 ps17909\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17910\" style=\"width:12.7pt\"> (at </span><span class=\"f charStyle-24b91321 ps17911\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps13108\" style=\"width:163.95pt\">, a discount rate before taxes of 12.8% was used).</span></div><div class=\"ps11254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Expected cash flows are developed in conjunction with budgeting and forecasting processes. Iveco Group used 5 years of expected cash flows</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps17913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">for each cash-generating unit as the Company believes that this period reflects the underlying market cycle for each business. Furthermore, a</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps17914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">terminal value has been included at the end of the projection period in order to reflect the remaining value that each cash-generating unit is</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps17915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">expected to generate. The terminal value has been determined by applying enterprise value/EBITDA market multiples derived from comparable</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:390.45pt\">publicly-traded companies with similar operating and investment characteristics as the respective cash-generating units.</span><span class=\"f charStyle-24b91321 ps17916\" style=\"width:2.05pt\"> </span></div><div class=\"ps10220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The results of the impairment test and related sensitivity analysis indicate that a reasonably possible change in key assumptions would not cause</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps10226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">the carrying amount of any cash-generating unit to exceed its recoverable amount, however, circumstances and events which could potentially</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:241.35pt\">cause further impairment losses are constantly monitored by Iveco Group.</span></div><div class=\"ps6690 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps6691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.3pt\">The amortisation of development costs and impairment losses are reported in the income statement as Research and development costs.</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:255.27pt\">Development costs are tested for impairment at the cash-generating unit level.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-599": {
   "value": "<div class=\"ps8666 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">12. Intangible assets</span></div><div class=\"ps8667 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:227.02pt\">, changes in the carrying amount of Intangible assets were as follows:</span></div><div class=\"ps17873 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:127.5pt\"></td><td style=\"padding:0;width:33pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:41.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1385\"><div><div class=\"ps9817 ss1384\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17653 ss1386\"><div><div class=\"ps9820 ss129\"><span class=\"f charStyle-81df793a ps17652\">Goodwill<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17658 ss693\"><div><div class=\"ps814 ss602\"><span class=\"f charStyle-81df793a ps17654\">Development <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss602\"><span class=\"f charStyle-81df793a ps17655\">costs </span></div><div class=\"ps9830 ss602\"><span class=\"f charStyle-81df793a ps17656\">externally </span></div><div class=\"ps9820 ss602\"><span class=\"f charStyle-81df793a ps17657\">acquired<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17661 ss693\"><div><div class=\"ps814 ss602\"><span class=\"f charStyle-81df793a ps17654\">Development <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss602\"><span class=\"f charStyle-81df793a ps17655\">costs </span></div><div class=\"ps9830 ss602\"><span class=\"f charStyle-81df793a ps17659\">internally </span></div><div class=\"ps9820 ss602\"><span class=\"f charStyle-81df793a ps17660\">generated<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17663 ss1387\"><div><div class=\"ps9828 ss213\"><span class=\"f charStyle-81df793a ps17662\">Patents, <span class=\"f ps13\"> </span></span></div><div class=\"ps9830 ss213\"><span class=\"f charStyle-81df793a ps17652\">concessions </span></div><div class=\"ps9820 ss213\"><span class=\"f charStyle-81df793a ps10287\">and licenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17666 ss1388\"><div><div class=\"ps814 ss555\"><span class=\"f charStyle-81df793a ps15906\">Other intangible <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss555\"><span class=\"f charStyle-81df793a ps17664\">assets </span></div><div class=\"ps9830 ss555\"><span class=\"f charStyle-81df793a ps10955\">externally <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss555\"><span class=\"f charStyle-81df793a ps17665\">acquired</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2912 ss1389\"><div><div class=\"ps814 ss1330\"><span class=\"f charStyle-81df793a ps17667\">Advances and <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss1330\"><span class=\"f charStyle-81df793a ps13920\">intangible assets </span></div><div class=\"ps9830 ss1330\"><span class=\"f charStyle-81df793a ps17668\">in progress <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss1330\"><span class=\"f charStyle-81df793a ps17669\">externally acquired<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17671 ss1390\"><div><div class=\"ps9820 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps8759 ss1391\"><div><div class=\"ps2180 ss1384\"><span class=\"f charStyle-81df793a ps22\">Gross carrying amount <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17673 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-81df793a ps17672\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17674 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,241<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17675 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,403<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17677 ss604\"><div><div class=\"ps1327 ss213\"><span class=\"f charStyle-81df793a ps17676\">741<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17678 ss1393\"><div><div class=\"ps1327 ss555\"><span class=\"f charStyle-81df793a ps8252\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17679 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps17184\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17680 ss1395\"><div><div class=\"ps1327 ss458\"><span class=\"f charStyle-81df793a ps16403\">5,615<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps14467 ss1396\"><div><div class=\"ps301 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17682 ss1397\"><div><div class=\"ps301 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17683 ss1398\"><div><div class=\"ps301 ss602\"><span class=\"f charStyle-bd419927 ps9148\">285<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17684 ss1398\"><div><div class=\"ps301 ss602\"><span class=\"f charStyle-bd419927 ps9148\">183<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17686 ss214\"><div><div class=\"ps301 ss213\"><span class=\"f charStyle-bd419927 ps17685\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17687 ss556\"><div><div class=\"ps301 ss555\"><span class=\"f charStyle-bd419927 ps8281\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17688 ss1399\"><div><div class=\"ps301 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17690 ss1400\"><div><div class=\"ps301 ss458\"><span class=\"f charStyle-81df793a ps17689\">570<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1804 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17691 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17692 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17693 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17695 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17696 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17697 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17699 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1806 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17701 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17700\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17702 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17703 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17705 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17706 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3068 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17707 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1808 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17708 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17709 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17710 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17712 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17713 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17714 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17715 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(98)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1811 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17716 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">85<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17717 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,475<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17718 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,517<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17719 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">756<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17720 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8252\">116<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17721 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17722 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">6,032<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1813 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17723 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17724 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">280<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17725 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17726 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17727 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8281\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17728 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17729 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">517<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1816 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Acquisitions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17730 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps15927\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17731 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17732 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17733 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps9152\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17734 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17735 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17737 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17736\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15270 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17738 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17739 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17740 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17741 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17742 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17743 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17745 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15275 ss1404\"><div><div class=\"ps3931 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17746 ss1405\"><div><div class=\"ps3931 ss129\"><span class=\"f charStyle-bd419927 ps17700\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17747 ss1406\"><div><div class=\"ps3931 ss602\"><span class=\"f charStyle-bd419927 ps9169\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17748 ss1406\"><div><div class=\"ps3931 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17749 ss1407\"><div><div class=\"ps3931 ss213\"><span class=\"f charStyle-bd419927 ps17685\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17750 ss1408\"><div><div class=\"ps3931 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17751 ss1409\"><div><div class=\"ps3931 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17752 ss1410\"><div><div class=\"ps3931 ss458\"><span class=\"f charStyle-81df793a ps17744\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13287 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17754 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17753\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17755 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(84)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17756 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17757 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17758 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17759 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17761 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17760\">(190)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17762 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17763 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17764 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,696<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17765 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17766 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">788<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17767 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8252\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17768 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17769 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">6,345<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17770 ss1411\"><div><div class=\"ps2248 ss1384\"><span class=\"f charStyle-81df793a ps22\">Accumulated amortisation and <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1384\"><span class=\"f charStyle-81df793a ps22\">impairment losses <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17771 ss1282\"><div><div class=\"ps2250 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17772 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,896<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17773 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,207<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17774 ss1413\"><div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17676\">590<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17775 ss1414\"><div><div class=\"ps2250 ss555\"><span class=\"f charStyle-81df793a ps8281\">79<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17776 ss1415\"><div><div class=\"ps2250 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17777 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps16403\">3,774<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1724 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Amortisation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17778 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17779 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">210<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17780 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17781 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">47<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17782 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17783 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17784 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">333<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17785 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17786 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17787 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17788 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17789 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17790 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17791 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17792 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17793 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17794 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17795 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17796 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17797 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17798 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17799 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17800 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps187 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17801 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17802 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(42)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17803 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17804 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17805 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17806 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17807 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(80)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15291 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17808 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17809 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,063<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17810 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,225<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17811 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">627<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17812 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17813 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17814 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">3,993<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15292 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Amortisation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17815 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17816 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">246<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17817 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17818 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">50<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17819 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17820 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17821 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">392<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15295 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Impairment losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17822 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17823 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17824 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17825 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps9152\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17826 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17827 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17828 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17736\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17829 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17830 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17831 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17832 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17833 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17834 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17835 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17836 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10848 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17837 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17838 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17839 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17840 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17841 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17842 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17843 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8823 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17844 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17845 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(76)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17846 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(43)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17847 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17848 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17849 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17850 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17760\">(124)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15300 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17851 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17852 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,231<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17853 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,274<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17854 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">675<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17855 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17856 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17857 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">4,258<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17858 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17859 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17860 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">412<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,292<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17862 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17863 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17864 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17865 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">2,039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9653 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17866 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">64<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17867 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">465<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17869 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17870 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">43<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17871 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17872 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">2,087<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Goodwill and intangible assets with indefinite useful lives</span></div><div class=\"ps10154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:344.7pt\">Goodwill is allocated to the Group\u2019s cash-generating units identified as the Group\u2019s operating segments. </span><span class=\"f charStyle-24b91321 ps17875\" style=\"width:131.3pt\">As described in section \"Introduction\" of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps10168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">the Board Report above, until 31 December 2023 Iveco Group presented its Consolidated Financial Statements including three reportable</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps10169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">segments, Commercial and Specialty Vehicles, Powertrain and Financial Services. The following table presents the allocation of goodwill across</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.25pt\">the current reportable segments; comparative data has been represented to conform the current year's presentation:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:88.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1417\"><div><div class=\"ps8886 ss1416\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps5379 ss694\"><div><div class=\"ps313 ss691\"><span class=\"f charStyle-81df793a ps17878\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17880 ss607\"><div><div class=\"ps313 ss599\"><span class=\"f charStyle-81df793a ps17879\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps312 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps11490 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17881\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps17883 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17882\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5381 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17884\">46<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17886 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">46<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-3769e72f ps22\">Defence</span><span class=\"f charStyle-a5ada9bf ps17887\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17888 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5385 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17884\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17889 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-81df793a ps22\">Goodwill net carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5387 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-81df793a ps17884\">64<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17890 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-81df793a ps17885\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:167.29pt\">(1) Classified as Assets held for sale - Discontinued operations at </span><span class=\"f charStyle-5ad4a1b7 ps17891\" style=\"width:48.78pt\">31\u00a0December 2025</span></div><div class=\"ps17893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Goodwill impairment test is performed at the cash generating unit level, which corresponds to the operating segment level, comparing the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">recoverable amount of the cash generating unit to the carrying amount to determine if there is an impairment loss. The results of the impairment</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps17899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.74pt\">tests obtained in </span><span class=\"f charStyle-24b91321 ps17895\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17896\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17897\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17898\" style=\"width:150.79pt\"> confirmed the absence of an impairment loss.</span></div><div class=\"ps17902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.17pt\">The vast majority of goodwill, representing approximately the </span><span class=\"f charStyle-24b91321 ps17900\" style=\"width:14.76pt\">81%</span><span class=\"f charStyle-24b91321 ps17901\" style=\"width:259.08pt\"> of the total, related to Industrial Activities Business Units (Truck and Bus) and,</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.18pt\">as such, the following discussion relates to the impairment testing performed at year-end for these cash-generating units.</span><span class=\"f charStyle-24b91321 ps17903\" style=\"width:2.05pt\"> </span></div><div class=\"ps17905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The recoverable amount of Truck and Bus cash-generating units is determined based on the value in use, that is the present value of estimated</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps17906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">future cash flows. The calculation of value in use is dependent on several assumptions, primarily estimates of future sales in the discrete future</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps17907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">period, and the weighted average cost of capital (discount rate), as well as other assumptions such as gross margins, operating costs, income tax</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:236.01pt\">rates, capital expenditures and changes in working capital requirements.</span></div><div class=\"ps11252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Discount rate assumptions include an assessment of the risk inherent in the future cash flows of the cash-generating unit. The discount rate</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.41pt\">before taxes selected was13.4% at </span><span class=\"f charStyle-24b91321 ps17909\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17910\" style=\"width:12.7pt\"> (at </span><span class=\"f charStyle-24b91321 ps17911\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps13108\" style=\"width:163.95pt\">, a discount rate before taxes of 12.8% was used).</span></div><div class=\"ps11254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Expected cash flows are developed in conjunction with budgeting and forecasting processes. Iveco Group used 5 years of expected cash flows</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps17913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">for each cash-generating unit as the Company believes that this period reflects the underlying market cycle for each business. Furthermore, a</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps17914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">terminal value has been included at the end of the projection period in order to reflect the remaining value that each cash-generating unit is</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps17915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">expected to generate. The terminal value has been determined by applying enterprise value/EBITDA market multiples derived from comparable</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:390.45pt\">publicly-traded companies with similar operating and investment characteristics as the respective cash-generating units.</span><span class=\"f charStyle-24b91321 ps17916\" style=\"width:2.05pt\"> </span></div><div class=\"ps10220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The results of the impairment test and related sensitivity analysis indicate that a reasonably possible change in key assumptions would not cause</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps10226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">the carrying amount of any cash-generating unit to exceed its recoverable amount, however, circumstances and events which could potentially</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:241.35pt\">cause further impairment losses are constantly monitored by Iveco Group.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-598": {
   "value": "<div class=\"ps8666 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">12. Intangible assets</span></div><div class=\"ps8667 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:227.02pt\">, changes in the carrying amount of Intangible assets were as follows:</span></div><div class=\"ps17873 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:127.5pt\"></td><td style=\"padding:0;width:33pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:41.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1385\"><div><div class=\"ps9817 ss1384\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17653 ss1386\"><div><div class=\"ps9820 ss129\"><span class=\"f charStyle-81df793a ps17652\">Goodwill<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17658 ss693\"><div><div class=\"ps814 ss602\"><span class=\"f charStyle-81df793a ps17654\">Development <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss602\"><span class=\"f charStyle-81df793a ps17655\">costs </span></div><div class=\"ps9830 ss602\"><span class=\"f charStyle-81df793a ps17656\">externally </span></div><div class=\"ps9820 ss602\"><span class=\"f charStyle-81df793a ps17657\">acquired<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17661 ss693\"><div><div class=\"ps814 ss602\"><span class=\"f charStyle-81df793a ps17654\">Development <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss602\"><span class=\"f charStyle-81df793a ps17655\">costs </span></div><div class=\"ps9830 ss602\"><span class=\"f charStyle-81df793a ps17659\">internally </span></div><div class=\"ps9820 ss602\"><span class=\"f charStyle-81df793a ps17660\">generated<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17663 ss1387\"><div><div class=\"ps9828 ss213\"><span class=\"f charStyle-81df793a ps17662\">Patents, <span class=\"f ps13\"> </span></span></div><div class=\"ps9830 ss213\"><span class=\"f charStyle-81df793a ps17652\">concessions </span></div><div class=\"ps9820 ss213\"><span class=\"f charStyle-81df793a ps10287\">and licenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17666 ss1388\"><div><div class=\"ps814 ss555\"><span class=\"f charStyle-81df793a ps15906\">Other intangible <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss555\"><span class=\"f charStyle-81df793a ps17664\">assets </span></div><div class=\"ps9830 ss555\"><span class=\"f charStyle-81df793a ps10955\">externally <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss555\"><span class=\"f charStyle-81df793a ps17665\">acquired</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2912 ss1389\"><div><div class=\"ps814 ss1330\"><span class=\"f charStyle-81df793a ps17667\">Advances and <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss1330\"><span class=\"f charStyle-81df793a ps13920\">intangible assets </span></div><div class=\"ps9830 ss1330\"><span class=\"f charStyle-81df793a ps17668\">in progress <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss1330\"><span class=\"f charStyle-81df793a ps17669\">externally acquired<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17671 ss1390\"><div><div class=\"ps9820 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps8759 ss1391\"><div><div class=\"ps2180 ss1384\"><span class=\"f charStyle-81df793a ps22\">Gross carrying amount <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17673 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-81df793a ps17672\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17674 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,241<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17675 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,403<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17677 ss604\"><div><div class=\"ps1327 ss213\"><span class=\"f charStyle-81df793a ps17676\">741<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17678 ss1393\"><div><div class=\"ps1327 ss555\"><span class=\"f charStyle-81df793a ps8252\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17679 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps17184\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17680 ss1395\"><div><div class=\"ps1327 ss458\"><span class=\"f charStyle-81df793a ps16403\">5,615<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps14467 ss1396\"><div><div class=\"ps301 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17682 ss1397\"><div><div class=\"ps301 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17683 ss1398\"><div><div class=\"ps301 ss602\"><span class=\"f charStyle-bd419927 ps9148\">285<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17684 ss1398\"><div><div class=\"ps301 ss602\"><span class=\"f charStyle-bd419927 ps9148\">183<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17686 ss214\"><div><div class=\"ps301 ss213\"><span class=\"f charStyle-bd419927 ps17685\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17687 ss556\"><div><div class=\"ps301 ss555\"><span class=\"f charStyle-bd419927 ps8281\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17688 ss1399\"><div><div class=\"ps301 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17690 ss1400\"><div><div class=\"ps301 ss458\"><span class=\"f charStyle-81df793a ps17689\">570<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1804 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17691 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17692 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17693 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17695 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17696 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17697 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17699 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1806 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17701 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17700\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17702 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17703 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17705 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17706 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3068 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17707 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1808 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17708 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17709 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(48)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17710 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17712 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17713 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17714 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17715 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(98)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1811 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17716 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">85<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17717 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,475<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17718 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,517<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17719 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">756<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17720 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8252\">116<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17721 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17722 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">6,032<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1813 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17723 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17724 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">280<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17725 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17726 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17727 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8281\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17728 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17729 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">517<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1816 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Acquisitions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17730 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps15927\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17731 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17732 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17733 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps9152\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17734 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17735 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17737 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17736\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15270 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17738 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17739 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17740 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17741 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17742 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17743 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17745 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15275 ss1404\"><div><div class=\"ps3931 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17746 ss1405\"><div><div class=\"ps3931 ss129\"><span class=\"f charStyle-bd419927 ps17700\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17747 ss1406\"><div><div class=\"ps3931 ss602\"><span class=\"f charStyle-bd419927 ps9169\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17748 ss1406\"><div><div class=\"ps3931 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17749 ss1407\"><div><div class=\"ps3931 ss213\"><span class=\"f charStyle-bd419927 ps17685\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17750 ss1408\"><div><div class=\"ps3931 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17751 ss1409\"><div><div class=\"ps3931 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17752 ss1410\"><div><div class=\"ps3931 ss458\"><span class=\"f charStyle-81df793a ps17744\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13287 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17754 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17753\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17755 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(84)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17756 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17757 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17758 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17759 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17761 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17760\">(190)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17762 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17763 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17764 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,696<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17765 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17766 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">788<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17767 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8252\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17768 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17769 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">6,345<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17770 ss1411\"><div><div class=\"ps2248 ss1384\"><span class=\"f charStyle-81df793a ps22\">Accumulated amortisation and <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1384\"><span class=\"f charStyle-81df793a ps22\">impairment losses <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17771 ss1282\"><div><div class=\"ps2250 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17772 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,896<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17773 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,207<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17774 ss1413\"><div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17676\">590<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17775 ss1414\"><div><div class=\"ps2250 ss555\"><span class=\"f charStyle-81df793a ps8281\">79<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17776 ss1415\"><div><div class=\"ps2250 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17777 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps16403\">3,774<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1724 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Amortisation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17778 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17779 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">210<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17780 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17781 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">47<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17782 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17783 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17784 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">333<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17785 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17786 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17787 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17788 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17789 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17790 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17791 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17792 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17793 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17794 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17795 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17796 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17797 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17798 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17799 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17800 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps187 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17801 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17802 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(42)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17803 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17804 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17805 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17806 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17807 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17698\">(80)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15291 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17808 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17809 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,063<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17810 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,225<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17811 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">627<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17812 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17813 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17814 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">3,993<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15292 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Amortisation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17815 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17816 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">246<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17817 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17818 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17685\">50<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17819 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8279\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17820 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17821 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17689\">392<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15295 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Impairment losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17822 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17823 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17824 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17825 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps9152\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17826 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17827 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17828 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17736\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17829 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17830 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17831 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9315\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17832 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17833 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17834 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17835 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17836 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10848 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17837 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17838 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17839 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17840 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17694\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17841 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17842 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17843 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17744\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8823 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-bd419927 ps22\">Transfer to assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17844 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17845 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(76)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17846 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(43)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17847 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17711\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17848 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927 ps14564\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17849 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17850 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps17760\">(124)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15300 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17851 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps15927\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17852 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">2,231<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17853 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,274<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17854 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">675<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17855 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17856 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17857 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">4,258<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17858 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17859 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17860 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">412<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,292<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17862 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">129<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17863 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17864 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17865 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">2,039<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9653 ss1401\"><div><div class=\"ps961 ss1384\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17866 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps17672\">64<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17867 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">465<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">1,331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17869 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-81df793a ps17676\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17870 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a ps8281\">43<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17871 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17872 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-81df793a ps16403\">2,087<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17874 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Goodwill and intangible assets with indefinite useful lives</span></div><div class=\"ps10154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:344.7pt\">Goodwill is allocated to the Group\u2019s cash-generating units identified as the Group\u2019s operating segments. </span><span class=\"f charStyle-24b91321 ps17875\" style=\"width:131.3pt\">As described in section \"Introduction\" of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps10168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">the Board Report above, until 31 December 2023 Iveco Group presented its Consolidated Financial Statements including three reportable</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps10169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">segments, Commercial and Specialty Vehicles, Powertrain and Financial Services. The following table presents the allocation of goodwill across</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps17876 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.25pt\">the current reportable segments; comparative data has been represented to conform the current year's presentation:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:88.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1417\"><div><div class=\"ps8886 ss1416\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps5379 ss694\"><div><div class=\"ps313 ss691\"><span class=\"f charStyle-81df793a ps17878\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17880 ss607\"><div><div class=\"ps313 ss599\"><span class=\"f charStyle-81df793a ps17879\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps312 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps11490 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17881\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps17883 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17882\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5381 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17884\">46<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17886 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">46<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-3769e72f ps22\">Defence</span><span class=\"f charStyle-a5ada9bf ps17887\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17888 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5385 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-bd419927 ps17884\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17889 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-bd419927 ps17885\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1417\"><div><div class=\"ps313 ss1416\"><span class=\"f charStyle-81df793a ps22\">Goodwill net carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5387 ss694\"><div><div class=\"ps961 ss691\"><span class=\"f charStyle-81df793a ps17884\">64<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17890 ss607\"><div><div class=\"ps961 ss599\"><span class=\"f charStyle-81df793a ps17885\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps17892 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:167.29pt\">(1) Classified as Assets held for sale - Discontinued operations at </span><span class=\"f charStyle-5ad4a1b7 ps17891\" style=\"width:48.78pt\">31\u00a0December 2025</span></div><div class=\"ps17893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Goodwill impairment test is performed at the cash generating unit level, which corresponds to the operating segment level, comparing the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">recoverable amount of the cash generating unit to the carrying amount to determine if there is an impairment loss. The results of the impairment</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps17899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.74pt\">tests obtained in </span><span class=\"f charStyle-24b91321 ps17895\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17896\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17897\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17898\" style=\"width:150.79pt\"> confirmed the absence of an impairment loss.</span></div><div class=\"ps17902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.17pt\">The vast majority of goodwill, representing approximately the </span><span class=\"f charStyle-24b91321 ps17900\" style=\"width:14.76pt\">81%</span><span class=\"f charStyle-24b91321 ps17901\" style=\"width:259.08pt\"> of the total, related to Industrial Activities Business Units (Truck and Bus) and,</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.18pt\">as such, the following discussion relates to the impairment testing performed at year-end for these cash-generating units.</span><span class=\"f charStyle-24b91321 ps17903\" style=\"width:2.05pt\"> </span></div><div class=\"ps17905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The recoverable amount of Truck and Bus cash-generating units is determined based on the value in use, that is the present value of estimated</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps17906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">future cash flows. The calculation of value in use is dependent on several assumptions, primarily estimates of future sales in the discrete future</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps17907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">period, and the weighted average cost of capital (discount rate), as well as other assumptions such as gross margins, operating costs, income tax</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:236.01pt\">rates, capital expenditures and changes in working capital requirements.</span></div><div class=\"ps11252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Discount rate assumptions include an assessment of the risk inherent in the future cash flows of the cash-generating unit. The discount rate</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.41pt\">before taxes selected was13.4% at </span><span class=\"f charStyle-24b91321 ps17909\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17910\" style=\"width:12.7pt\"> (at </span><span class=\"f charStyle-24b91321 ps17911\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps13108\" style=\"width:163.95pt\">, a discount rate before taxes of 12.8% was used).</span></div><div class=\"ps11254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Expected cash flows are developed in conjunction with budgeting and forecasting processes. Iveco Group used 5 years of expected cash flows</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps17913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">for each cash-generating unit as the Company believes that this period reflects the underlying market cycle for each business. Furthermore, a</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps17914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">terminal value has been included at the end of the projection period in order to reflect the remaining value that each cash-generating unit is</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps17915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">expected to generate. The terminal value has been determined by applying enterprise value/EBITDA market multiples derived from comparable</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:390.45pt\">publicly-traded companies with similar operating and investment characteristics as the respective cash-generating units.</span><span class=\"f charStyle-24b91321 ps17916\" style=\"width:2.05pt\"> </span></div><div class=\"ps10220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The results of the impairment test and related sensitivity analysis indicate that a reasonably possible change in key assumptions would not cause</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps10226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">the carrying amount of any cash-generating unit to exceed its recoverable amount, however, circumstances and events which could potentially</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:241.35pt\">cause further impairment losses are constantly monitored by Iveco Group.</span></div><div class=\"ps6690 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Development costs</span></div><div class=\"ps6691 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.3pt\">The amortisation of development costs and impairment losses are reported in the income statement as Research and development costs.</span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:255.27pt\">Development costs are tested for impairment at the cash-generating unit level.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-601": {
   "value": "<div class=\"ps17893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Goodwill impairment test is performed at the cash generating unit level, which corresponds to the operating segment level, comparing the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps17894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">recoverable amount of the cash generating unit to the carrying amount to determine if there is an impairment loss. The results of the impairment</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps17899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.74pt\">tests obtained in </span><span class=\"f charStyle-24b91321 ps17895\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps17896\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17897\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17898\" style=\"width:150.79pt\"> confirmed the absence of an impairment loss.</span></div><div class=\"ps17902 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.17pt\">The vast majority of goodwill, representing approximately the </span><span class=\"f charStyle-24b91321 ps17900\" style=\"width:14.76pt\">81%</span><span class=\"f charStyle-24b91321 ps17901\" style=\"width:259.08pt\"> of the total, related to Industrial Activities Business Units (Truck and Bus) and,</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps17904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.18pt\">as such, the following discussion relates to the impairment testing performed at year-end for these cash-generating units.</span><span class=\"f charStyle-24b91321 ps17903\" style=\"width:2.05pt\"> </span></div><div class=\"ps17905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The recoverable amount of Truck and Bus cash-generating units is determined based on the value in use, that is the present value of estimated</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps17906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">future cash flows. The calculation of value in use is dependent on several assumptions, primarily estimates of future sales in the discrete future</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps17907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">period, and the weighted average cost of capital (discount rate), as well as other assumptions such as gross margins, operating costs, income tax</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:236.01pt\">rates, capital expenditures and changes in working capital requirements.</span></div><div class=\"ps11252 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Discount rate assumptions include an assessment of the risk inherent in the future cash flows of the cash-generating unit. The discount rate</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps17912 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.41pt\">before taxes selected was13.4% at </span><span class=\"f charStyle-24b91321 ps17909\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17910\" style=\"width:12.7pt\"> (at </span><span class=\"f charStyle-24b91321 ps17911\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps13108\" style=\"width:163.95pt\">, a discount rate before taxes of 12.8% was used).</span></div><div class=\"ps11254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Expected cash flows are developed in conjunction with budgeting and forecasting processes. Iveco Group used 5 years of expected cash flows</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps17913 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">for each cash-generating unit as the Company believes that this period reflects the underlying market cycle for each business. Furthermore, a</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps17914 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">terminal value has been included at the end of the projection period in order to reflect the remaining value that each cash-generating unit is</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps17915 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">expected to generate. The terminal value has been determined by applying enterprise value/EBITDA market multiples derived from comparable</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps17917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:390.45pt\">publicly-traded companies with similar operating and investment characteristics as the respective cash-generating units.</span><span class=\"f charStyle-24b91321 ps17916\" style=\"width:2.05pt\"> </span></div><div class=\"ps10220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The results of the impairment test and related sensitivity analysis indicate that a reasonably possible change in key assumptions would not cause</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps10226 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">the carrying amount of any cash-generating unit to exceed its recoverable amount, however, circumstances and events which could potentially</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps12263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:241.35pt\">cause further impairment losses are constantly monitored by Iveco Group.</span></div><div class=\"ps12132 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:255.27pt\">Development costs are tested for impairment at the cash-generating unit level.</span><span class=\"f charStyle-24b91321 ps17391\" style=\"width:2.05pt\"> </span></div><div class=\"ps18144 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:80.3pt\">, an impairment loss of \u20ac</span><span class=\"f charStyle-24b91321 ps18143\" style=\"width:8.2pt\">29</span><span class=\"f charStyle-24b91321 ps3894\" style=\"width:361.38pt\"> million was recognised on Assets sold with a buy-back commitment. The loss was recognised in Cost of sales.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-602": {
   "value": "<div class=\"ps17918 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">13. Property, plant and equipment</span></div><div class=\"ps17919 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:270.45pt\">, changes in the carrying amount of Property, plant and equipment were as follows:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:180pt\"></td><td style=\"padding:0;width:30pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:30.75pt\"></td></tr><tr style=\"height:41.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps2 ss1419\"><div><div class=\"ps9817 ss1418\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17920 ss1420\"><div><div class=\"ps9820 ss1003\"><span class=\"f charStyle-81df793a ps15855\">Land<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps5960 ss1421\"><div><div class=\"ps9830 ss1184\"><span class=\"f charStyle-81df793a ps15457\">Industrial <span class=\"f ps13\"> </span></span></div><div class=\"ps9820 ss1184\"><span class=\"f charStyle-81df793a ps15158\">buildings<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17413 ss1422\"><div><div class=\"ps814 ss399\"><span class=\"f charStyle-81df793a ps17921\">Plant, <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss399\"><span class=\"f charStyle-81df793a ps17922\">machinery <span class=\"f ps13\"> </span></span></div><div class=\"ps9830 ss399\"><span class=\"f charStyle-81df793a ps17923\">and </span></div><div class=\"ps9820 ss399\"><span class=\"f charStyle-81df793a ps17924\">equipment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps15114 ss1423\"><div><div class=\"ps9828 ss276\"><span class=\"f charStyle-81df793a ps17223\">Right-of-<span class=\"f ps13\"> </span></span></div><div class=\"ps9830 ss276\"><span class=\"f charStyle-81df793a ps17925\">use </span></div><div class=\"ps9820 ss276\"><span class=\"f charStyle-81df793a ps17926\">assets</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps5961 ss1424\"><div><div class=\"ps814 ss44\"><span class=\"f charStyle-81df793a ps17927\">Assets sold <span class=\"f ps13\"> </span></span></div><div class=\"ps9828 ss44\"><span class=\"f charStyle-81df793a ps17928\">with a buy-</span></div><div class=\"ps9830 ss44\"><span class=\"f charStyle-81df793a ps17929\">back </span></div><div class=\"ps9820 ss44\"><span class=\"f charStyle-81df793a ps17930\">commitment</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17932 ss1421\"><div><div class=\"ps9820 ss1184\"><span class=\"f charStyle-81df793a ps17931\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps17934 ss1425\"><div><div class=\"ps9820 ss1013\"><span class=\"f charStyle-81df793a ps17933\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps8759 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Gross carrying amount Balance at 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17936 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17938 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17937\">1,218<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17940 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,533<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17942 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17941\">386<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17943 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4723\">1,983<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17945 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">546<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps17947 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17946\">9,787<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1830 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17949 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17951 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17952 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps5833\">301<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17954 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17955 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">393<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17956 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">46<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17958 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">859<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17960 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17962 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17963 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17965 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17967 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17969 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17971 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps7772\">(51)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17972 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17974 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17975 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(83)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17977 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(63)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17978 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11530\">(484)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17979 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(44)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17981 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17980\">(675)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5130 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Transfer to Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17982 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17983 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17984 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17985 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17986 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17987 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17988 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps7772\">(62)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5137 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17989 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">116<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17990 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17937\">1,232<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17991 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,694<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17992 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17941\">391<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17993 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4723\">1,887<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17994 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">538<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17995 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17946\">9,858<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps5145 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17996 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps16037\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17997 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">41<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17998 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps5833\">181<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps17999 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18000 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">468<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18001 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18002 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">811<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2532 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18003 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18004 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18005 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18006 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18007 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18008 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18009 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps7772\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5157 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18010 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18011 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18013 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18012\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18014 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18015 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11530\">(476)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18016 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(72)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18017 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17980\">(541)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5164 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Transfer to Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18018 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18019 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(54)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18021 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18020\">(213)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18022 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18023 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18024 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(35)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18025 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17980\">(316)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5171 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18026 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">112<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18027 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17937\">1,251<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18028 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,642<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18029 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17941\">406<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18030 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4723\">1,879<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18031 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">491<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18032 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17946\">9,781<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps5175 ss1431\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Accumulated depreciation and impairment losses <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss1418\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2023</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18033 ss1197\"><div><div class=\"ps9632 ss1003\"><span class=\"f charStyle-81df793a ps16037\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18034 ss1198\"><div><div class=\"ps9632 ss1184\"><span class=\"f charStyle-81df793a ps17944\">815<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18035 ss1234\"><div><div class=\"ps9632 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,577<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18036 ss738\"><div><div class=\"ps9632 ss276\"><span class=\"f charStyle-81df793a ps17941\">195<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18037 ss737\"><div><div class=\"ps9632 ss44\"><span class=\"f charStyle-81df793a ps4781\">685<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18038 ss1198\"><div><div class=\"ps9632 ss1184\"><span class=\"f charStyle-81df793a ps17944\">326<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18039 ss1432\"><div><div class=\"ps9632 ss1013\"><span class=\"f charStyle-81df793a ps17946\">6,601<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps15960 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Depreciation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18040 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18041 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">32<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18042 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps5833\">228<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18043 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">73<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18044 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">226<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18045 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18046 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">577<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11038 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18047 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18048 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18049 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18012\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18050 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18051 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18052 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18053 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps7772\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18054 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18055 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18056 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18057 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18020\">(120)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18058 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(62)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18059 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11530\">(198)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18060 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18061 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17980\">(397)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2628 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Transfer to Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18062 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18063 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18064 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18065 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18066 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18067 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18068 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps7772\">(43)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18069 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18070 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps16037\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18071 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">829<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18072 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,643<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18073 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17941\">199<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18074 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">708<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18075 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">330<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18076 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17946\">6,711<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18077 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Depreciation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18078 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18079 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18080 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps5833\">240<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18081 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">73<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18082 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">213<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18083 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18084 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">579<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps2266 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Impairment losses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18085 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18087 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18089 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18088\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18091 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps18090\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18092 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">29<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18093 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps18095 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps18094\">29<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8813 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Translation differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18096 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18097 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18098 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(15)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18099 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18100 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18101 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18102 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps7772\">(20)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18103 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Divestitures and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18104 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17959\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18105 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18106 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps17923\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18107 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(41)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18108 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11530\">(260)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18109 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18110 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17980\">(336)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18111 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-bd419927 ps22\">Transfer to Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18112 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-bd419927 ps17948\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18113 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(35)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18114 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18020\">(156)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18115 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18116 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18117 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18118 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17980\">(210)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps2493 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Balance at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18119 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps16037\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18120 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">833<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18121 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,673<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18122 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17941\">225<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18123 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">690<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18124 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">331<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #929292;padding:0\"><div class=\"ps18125 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17946\">6,753<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18126 ss1426\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18127 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18128 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">403<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18129 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">1,051<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18130 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17941\">192<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18131 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4723\">1,179<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18132 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">208<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18133 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17946\">3,147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18134 ss1433\"><div><div class=\"ps313 ss1418\"><span class=\"f charStyle-81df793a ps22\">Carrying amount at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18135 ss1434\"><div><div class=\"ps301 ss1003\"><span class=\"f charStyle-81df793a ps17935\">111<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18136 ss1435\"><div><div class=\"ps301 ss1184\"><span class=\"f charStyle-81df793a ps17944\">418<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18137 ss1436\"><div><div class=\"ps301 ss399\"><span class=\"f charStyle-81df793a ps5833\">969<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18138 ss1437\"><div><div class=\"ps301 ss276\"><span class=\"f charStyle-81df793a ps17941\">181<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18139 ss1438\"><div><div class=\"ps301 ss44\"><span class=\"f charStyle-81df793a ps4723\">1,189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18140 ss1435\"><div><div class=\"ps301 ss1184\"><span class=\"f charStyle-81df793a ps17944\">160<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18141 ss1439\"><div><div class=\"ps301 ss1013\"><span class=\"f charStyle-81df793a ps17946\">3,028<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18142 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:250.4pt\">Other tangible assets also include advances and tangible assets in progress.</span></div><div class=\"ps18144 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:80.3pt\">, an impairment loss of \u20ac</span><span class=\"f charStyle-24b91321 ps18143\" style=\"width:8.2pt\">29</span><span class=\"f charStyle-24b91321 ps3894\" style=\"width:361.38pt\"> million was recognised on Assets sold with a buy-back commitment. The loss was recognised in Cost of sales.</span></div><div class=\"ps18145 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Other changes mainly include the reclassification of the prior year balances for Advances and tangible assets in progress to the appropriate</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps18146 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">categories when the assets were effectively acquired and put into operation, as well as the reclassification to Inventory of Assets sold with a buy-</span></div><div class=\"ps18151 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:111.41pt\">back commitment (\u20ac125 million in </span><span class=\"f charStyle-24b91321 ps18147\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18148\" style=\"width:65.54pt\"> and \u20ac147 million in </span><span class=\"f charStyle-24b91321 ps18149\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18150\" style=\"width:169.65pt\">) that are held for sale at the agreement expiry date.</span></div><div class=\"ps18158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.06pt\">At </span><span class=\"f charStyle-24b91321 ps18152\" style=\"width:64.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18153\" style=\"width:309.69pt\">, right-of-use assets refer primarily to the following lease contracts: industrial buildings for \u20ac</span><span class=\"f charStyle-24b91321 ps18154\" style=\"width:12.3pt\">117</span><span class=\"f charStyle-24b91321 ps18155\" style=\"width:33.59pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps18156\" style=\"width:12.3pt\">119</span><span class=\"f charStyle-24b91321 ps18157\" style=\"width:33.19pt\"> million at</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps18168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:65.78pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18159\" style=\"width:137.49pt\">), plant, machinery and equipment for \u20ac</span><span class=\"f charStyle-24b91321 ps18160\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18161\" style=\"width:34.59pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps18162\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps18163\" style=\"width:37.78pt\"> million at </span><span class=\"f charStyle-24b91321 ps18164\" style=\"width:65.78pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18165\" style=\"width:85.57pt\">), and other assets for \u20ac</span><span class=\"f charStyle-24b91321 ps18166\" style=\"width:8.2pt\">39</span><span class=\"f charStyle-24b91321 ps18167\" style=\"width:24.45pt\"> million</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:8.2pt\">47</span><span class=\"f charStyle-24b91321 ps18169\" style=\"width:33.16pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps13828\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18170\" style=\"width:191.72pt\">). For a description of the related lease liabilities, see Note </span><span class=\"f charStyle-24b91321 ps18171\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps18172\" style=\"width:24.89pt\"> \"Debt\".</span></div><div class=\"ps18174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Short-term and low-value leases are not recorded in the statement of financial position; for these leases, Iveco Group recognises a lease expense</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:235.67pt\">in the income statement on a straight-line basis over the lease term. In </span><span class=\"f charStyle-24b91321 ps18175\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18176\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-24b91321 ps18177\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18178\" style=\"width:8.52pt\">, \u20ac</span><span class=\"f charStyle-24b91321 ps18179\" style=\"width:4.1pt\">9<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18180\" style=\"width:44.37pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18181\" style=\"width:8.2pt\">12</span><span class=\"f charStyle-24b91321 ps18182\" style=\"width:125.39pt\"> million, respectively, were recognised</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps18184 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:68.02pt\">in income statement.</span></div><div class=\"ps18185 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Land and industrial buildings and plant, machinery and equipment pledged as security for debt and other commitments were immaterial at</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps18186 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:2.05pt\">.</span></div><div class=\"ps18189 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:153.36pt\">Iveco Group had contractual commitments of</span><span class=\"f charStyle-24b91321 ps18187\" style=\"width:237.36pt\"> \u20ac99 million (of which \u20ac13 million related to Discontinued Operations)</span><span class=\"f charStyle-24b91321 ps18188\" style=\"width:85.31pt\"> and \u20ac131 million for the</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps18194 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:153.26pt\">acquisition of property, plant and equipment at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18190\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18191\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18192\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18193\" style=\"width:45.07pt\">, respectively.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-603": {
   "value": "<div class=\"ps18158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.06pt\">At </span><span class=\"f charStyle-24b91321 ps18152\" style=\"width:64.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18153\" style=\"width:309.69pt\">, right-of-use assets refer primarily to the following lease contracts: industrial buildings for \u20ac</span><span class=\"f charStyle-24b91321 ps18154\" style=\"width:12.3pt\">117</span><span class=\"f charStyle-24b91321 ps18155\" style=\"width:33.59pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps18156\" style=\"width:12.3pt\">119</span><span class=\"f charStyle-24b91321 ps18157\" style=\"width:33.19pt\"> million at</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps18168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:65.78pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18159\" style=\"width:137.49pt\">), plant, machinery and equipment for \u20ac</span><span class=\"f charStyle-24b91321 ps18160\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18161\" style=\"width:34.59pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps18162\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps18163\" style=\"width:37.78pt\"> million at </span><span class=\"f charStyle-24b91321 ps18164\" style=\"width:65.78pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18165\" style=\"width:85.57pt\">), and other assets for \u20ac</span><span class=\"f charStyle-24b91321 ps18166\" style=\"width:8.2pt\">39</span><span class=\"f charStyle-24b91321 ps18167\" style=\"width:24.45pt\"> million</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:8.2pt\">47</span><span class=\"f charStyle-24b91321 ps18169\" style=\"width:33.16pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps13828\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps18170\" style=\"width:191.72pt\">). For a description of the related lease liabilities, see Note </span><span class=\"f charStyle-24b91321 ps18171\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps18172\" style=\"width:24.89pt\"> \"Debt\".</span></div><div class=\"ps18174 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Short-term and low-value leases are not recorded in the statement of financial position; for these leases, Iveco Group recognises a lease expense</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18183 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:235.67pt\">in the income statement on a straight-line basis over the lease term. In </span><span class=\"f charStyle-24b91321 ps18175\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18176\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-24b91321 ps18177\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18178\" style=\"width:8.52pt\">, \u20ac</span><span class=\"f charStyle-24b91321 ps18179\" style=\"width:4.1pt\">9<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18180\" style=\"width:44.37pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18181\" style=\"width:8.2pt\">12</span><span class=\"f charStyle-24b91321 ps18182\" style=\"width:125.39pt\"> million, respectively, were recognised</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps18184 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:68.02pt\">in income statement.</span></div><div class=\"ps18538 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">15. Leased assets </span></div><div class=\"ps18542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:104.47pt\">This item changed as follows in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18539\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18540\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18541\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17074\" style=\"width:2.05pt\">:</span></div><div class=\"ps18561 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:132pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1516\"><div><div class=\"ps17220 ss571\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8843 ss1517\"><div><div class=\"ps17224 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18543 ss1517\"><div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps10724\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps943 ss1517\"><div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps18544\">Depreciation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18546 ss1517\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18277\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss1330\"><span class=\"f charStyle-81df793a ps18278\">differences, </span></div><div class=\"ps17224 ss1330\"><span class=\"f charStyle-81df793a ps17422\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps18545\">other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps810 ss1517\"><div><div class=\"ps17224 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss827\"><div><div class=\"ps961 ss571\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18547 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">190<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18548 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18549 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18550 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18551 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18198\">256<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss827\"><div><div class=\"ps961 ss571\"><span class=\"f charStyle-bd419927 ps22\">Less: Depreciation and impairment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18552 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(97)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18553 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17240 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(35)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18554 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(30)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18556 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18555\">(162)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss827\"><div><div class=\"ps961 ss571\"><span class=\"f charStyle-81df793a ps22\">Net carrying amount of Leased assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18557 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">93<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18558 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17249 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(35)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(30)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18560 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">94<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18562 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:132pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1516\"><div><div class=\"ps17220 ss571\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8843 ss1517\"><div><div class=\"ps17224 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31 December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18543 ss1517\"><div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps10724\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps943 ss1517\"><div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps18544\">Depreciation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18546 ss1517\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18277\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss1330\"><span class=\"f charStyle-81df793a ps18278\">differences, </span></div><div class=\"ps17224 ss1330\"><span class=\"f charStyle-81df793a ps17422\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps18545\">other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps810 ss1517\"><div><div class=\"ps17224 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss827\"><div><div class=\"ps961 ss571\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18547 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18548 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">63<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18549 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18550 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18551 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18198\">190<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss827\"><div><div class=\"ps961 ss571\"><span class=\"f charStyle-bd419927 ps22\">Less: Depreciation and impairment<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18552 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(63)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18553 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17240 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(34)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18554 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18556 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(97)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss827\"><div><div class=\"ps961 ss571\"><span class=\"f charStyle-81df793a ps22\">Net carrying amount of Leased assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18557 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">75<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18558 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">63<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17249 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(34)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18560 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">93<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps8562 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:302.61pt\">Leased assets include vehicles leased to retail customers by the Group's leasing companies.</span></div><div class=\"ps8563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:11.47pt\">At </span><span class=\"f charStyle-24b91321 ps241\" style=\"width:67.6pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps7048\" style=\"width:359.25pt\">, minimum lease payments receivable for assets under non-cancelable operating leases amount to \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18563\" style=\"width:12.3pt\">108</span><span class=\"f charStyle-24b91321 ps18564\" style=\"width:25.36pt\"> million</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps8564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:12.3pt\">116</span><span class=\"f charStyle-24b91321 ps9425\" style=\"width:33.16pt\">\u00a0million\u00a0at </span><span class=\"f charStyle-24b91321 ps18565\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8231\" style=\"width:79.07pt\">) and fall due as follows:</span></div><div class=\"ps18570 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:273pt\"></td><td style=\"padding:0;width:99.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:99.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1341\"><div><div class=\"ps8886 ss783\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11904 ss1159\"><div><div class=\"ps313 ss1158\"><span class=\"f charStyle-81df793a ps4723\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps15309 ss1159\"><div><div class=\"ps313 ss1158\"><span class=\"f charStyle-81df793a ps4723\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-bd419927 ps18566\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18567 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">36<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16933 ss1159\"><div><div class=\"ps313 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">38<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-bd419927 ps18566\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15312 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">30<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15313 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">27<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-bd419927 ps18566\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15315 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">23<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15316 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">22<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-bd419927 ps18566\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15319 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">13<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15320 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:86.91pt\"></span></span><span class=\"ps11285\">17<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-bd419927 ps18566\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15321 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:90.55pt\"></span></span><span class=\"ps18568\">5<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15322 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:90.55pt\"></span></span><span class=\"ps18568\">9<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-bd419927 ps18566\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15324 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:90.55pt\"></span></span><span class=\"ps18568\">1<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15326 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:90.55pt\"></span></span><span class=\"ps18568\">3<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-81df793a ps22\">Total Undiscounted lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16953 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:83.27pt\"></span></span><span class=\"ps18569\">108<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16942 ss1159\"><div><div class=\"ps961 ss1158\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:83.27pt\"></span></span><span class=\"ps18569\">116<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">No leased assets have been pledged as security at </span><span class=\"f charStyle-24b91321 ps18571\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18572\"> and </span><span class=\"f charStyle-24b91321 ps18573\">2024</span><span class=\"f charStyle-24b91321 ps18574\">.</span></div><div class=\"ps19033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Finance lease receivables mainly relate to vehicles leased out under finance lease arrangements. The interest rate implicit in the lease is</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps19034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">determined at the commencement of the lease for the whole lease term. The average interest rate implicit in total finance lease receivables varies</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.55pt\">depending on prevailing market interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps19042 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:232.76pt\">The item may be analysed as follows, stated gross of an allowance of \u20ac</span><span class=\"f charStyle-24b91321 ps19036\" style=\"width:8.2pt\">57<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19037\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps19038\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19039\" style=\"width:8.6pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps19040\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps19041\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps13135\" style=\"width:62.7pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9373\" style=\"width:4.5pt\">):</span></div><div class=\"ps19050 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19043 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">38<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">27<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">17<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19045 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19047 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Undiscounted receivables for future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Unearned finance income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18830 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Present value of future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15417 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15418 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20710 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.99pt\">Referring to Lease liabilities, in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20706\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps20707\" style=\"width:9.92pt\">, \u20ac</span><span class=\"f charStyle-24b91321 ps16451\" style=\"width:8.2pt\">69</span><span class=\"f charStyle-24b91321 ps16452\" style=\"width:132.46pt\"> million for the principal portion and \u20ac</span><span class=\"f charStyle-24b91321 ps20708\" style=\"width:4.1pt\">9</span><span class=\"f charStyle-24b91321 ps20709\" style=\"width:194pt\"> million for interest expenses related to Lease liabilities,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.73pt\">respectively, were paid (\u20ac</span><span class=\"f charStyle-24b91321 ps6412\" style=\"width:8.2pt\">67</span><span class=\"f charStyle-24b91321 ps20711\" style=\"width:187.83pt\"> million for the principal portion of Lease liabilities and \u20ac</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:8.2pt\">10</span><span class=\"f charStyle-24b91321 ps20712\" style=\"width:186.01pt\"> million for interest expenses, respectively, were paid in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps10031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).</span></div><div class=\"ps10130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:222.87pt\">The following table sets out a maturity analysis of Lease liabilities at </span><span class=\"f charStyle-24b91321 ps20714\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps12314\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20715\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20716\" style=\"width:2.05pt\">:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1716 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:315.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1678\"><div><div class=\"ps8886 ss1677\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps20166 ss652\"><div><div class=\"ps313 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;padding:0\"><div class=\"ps20718 ss652\"><div><div class=\"ps313 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps20167 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">62<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps19324 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">65<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20168 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20719 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">44<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20720 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20721 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20722 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20723 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20724 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20725 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">15<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20726 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">49<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20727 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-81df793a ps22\">Total undiscounted lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20728 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20729 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">230<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Less: Interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps20730 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps9506\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps20731 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps9506\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-81df793a ps22\">Total Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20732 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20733 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.82pt\">At </span><span class=\"f charStyle-24b91321 ps20734\" style=\"width:64.3pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20735\" style=\"width:401.97pt\">, the weighted average remaining lease term (calculated on the basis of the remaining lease term and the lease liability</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20262 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:280.32pt\">balance for each lease) and the weighted average discount rate for leases were </span><span class=\"f charStyle-24b91321 ps20736\" style=\"width:10.25pt\">6.2</span><span class=\"f charStyle-24b91321 ps20737\" style=\"width:40.74pt\"> years and </span><span class=\"f charStyle-24b91321 ps20738\" style=\"width:16.81pt\">4.1%</span><span class=\"f charStyle-24b91321 ps20739\" style=\"width:50.36pt\">, respectively (</span><span class=\"f charStyle-24b91321 ps20740\" style=\"width:10.25pt\">6.3</span><span class=\"f charStyle-24b91321 ps20741\" style=\"width:40.74pt\"> years and </span><span class=\"f charStyle-24b91321 ps20742\" style=\"width:16.81pt\">4.3%</span><span class=\"f charStyle-24b91321 ps20743\" style=\"width:9.62pt\"> at</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps20744\" style=\"width:2.05pt\"> </span></div><div class=\"ps20745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">In April 2025, Iveco Group established its Euro Medium Term Note Programme for the issuance of Notes totalling up to a maximum amount of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps20748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">\u20ac2</span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:2.34pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps10212\" style=\"width:215.93pt\">billion, which is listed on the regulated market of Euronext Dublin.</span><span class=\"f charStyle-24b91321 ps20746\" style=\"width:47.27pt\"> Furthermore, </span><span class=\"f charStyle-24b91321 ps20747\" style=\"width:202.28pt\">Iveco Group has established a commercial paper program. In</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.56pt\">Europe, IC Financial Services S.A. issued commercial paper under the program which had an amount of \u20ac59 million outstanding at </span><span class=\"f charStyle-24b91321 ps20749\" style=\"width:44.44pt\">31\u00a0December<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20753 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:49.96pt\"> (\u20ac35\u00a0million at </span><span class=\"f charStyle-24b91321 ps20751\" style=\"width:62.7pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16958\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps20752\" style=\"width:2.05pt\"> </span></div><div class=\"ps20754 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">As of 31 December 2025, the credit rating assigned by Fitch Ratings to Iveco Group N.V. is a Long-Term Issuer Default Rating (IDR) of \u2018BBB-\u2019.</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20755 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.46pt\">The Rating Watch is positive.</span></div><div class=\"ps20756 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:373.7pt\">For further information on the management of interest rate and currency risk reference should be made to Note 30.</span></div><div class=\"ps20761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.93pt\">At </span><span class=\"f charStyle-24b91321 ps20757\" style=\"width:64.52pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20758\" style=\"width:18.22pt\"> and </span><span class=\"f charStyle-24b91321 ps20759\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20760\" style=\"width:366.87pt\">, there was no significant debt secured with mortgages and other liens on assets of the Group, and the total</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20766 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:221.24pt\">carrying amount of assets acting as security was not significant at </span><span class=\"f charStyle-24b91321 ps20762\" style=\"width:63.66pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20763\" style=\"width:17.36pt\"> and </span><span class=\"f charStyle-24b91321 ps20764\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20765\" style=\"width:157.44pt\">. In addition, the Group\u2019s assets include current</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20768 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:355.14pt\">receivables and cash with a pre-determined use reserved primarily to settle asset-backed financing of \u20ac</span><span class=\"f charStyle-24b91321 ps13100\" style=\"width:18.45pt\">3,166</span><span class=\"f charStyle-24b91321 ps11248\" style=\"width:37.09pt\"> million at </span><span class=\"f charStyle-24b91321 ps20767\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps20771 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:18.45pt\">3,558</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps20769\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20770\" style=\"width:4.5pt\">).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-605": {
   "value": "<div><div id=\"i43e6a12bf22342ad87b2f229db6a9125_988\" style=\"position:absolute;top:90pt\"></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">14. Investments and other non-current financial assets</span></div><div class=\"ps856 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:335.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1440\"><div><div class=\"ps9091 ss226\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18196 ss1394\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6157 ss425\"><div><div class=\"ps313 ss418\"><span class=\"f charStyle-81df793a ps18197\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps37 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Investments accounted for using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18199 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">202<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18200 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">171<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair value through other comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18202 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18203 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6164\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18204 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18205 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6175\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18206 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">214<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18207 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">184<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps22\">Non-current financial receivables and other non-current securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18208 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18209 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6164\">39<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-81df793a ps22\">Total Investments and other non-current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18210 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18198\">279<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6320 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6166\">223<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18213 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At </span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:222.09pt\">, no Non-current financial receivables had been pledged as security.</span></div><div class=\"ps18214 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments</span></div><div class=\"ps18219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:88.93pt\">Changes in Investments in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18215\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18216\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18217\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18218\" style=\"width:60.24pt\"> are set out below:</span></div><div class=\"ps18271 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:134.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:66.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1442\"><div><div class=\"ps18221 ss1441\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18224 ss1443\"><div><div class=\"ps2181 ss44\"><span class=\"f charStyle-81df793a ps9679\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18222\">31\u00a0December </span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps18223\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18226 ss1444\"><div><div class=\"ps2181 ss602\"><span class=\"f charStyle-81df793a ps18225\">Revaluations<span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss602\"><span class=\"f charStyle-81df793a ps16242\">/ (Write-</span></div><div class=\"ps2223 ss602\"><span class=\"f charStyle-81df793a ps17941\">downs)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps817 ss137\"><div><div class=\"ps2181 ss119\"><span class=\"f charStyle-81df793a ps18227\">Acquisitions <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss119\"><span class=\"f charStyle-81df793a ps18228\">and </span></div><div class=\"ps2223 ss119\"><span class=\"f charStyle-81df793a ps18229\">capitalizations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1445\"><div><div class=\"ps2222 ss679\"><span class=\"f charStyle-81df793a ps3057\">Fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss679\"><span class=\"f charStyle-81df793a ps18230\">remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11936 ss1446\"><div><div class=\"ps2180 ss1336\"><span class=\"f charStyle-81df793a ps18231\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1336\"><span class=\"f charStyle-81df793a ps18232\">differences, </span></div><div class=\"ps2181 ss1336\"><span class=\"f charStyle-81df793a ps18233\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1336\"><span class=\"f charStyle-81df793a ps18234\">other</span></div><div class=\"ps2223 ss1336\"><span class=\"f charStyle-81df793a ps7285\">changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18237 ss1448\"><div><div class=\"ps2181 ss1447\"><span class=\"f charStyle-81df793a ps9994\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1447\"><span class=\"f charStyle-81df793a ps18235\">31\u00a0December </span></div><div class=\"ps2223 ss1447\"><span class=\"f charStyle-81df793a ps18236\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps22\">Investments in:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18238 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">131<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18239 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18240 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14093 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18241 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(13)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18243 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">141<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18244 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18245 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18246 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18247 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18248 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18249 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps13907\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1116 ss1451\"><div><div class=\"ps2180 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">through other comprehensive income</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18250 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-bd419927 ps4744\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18251 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18252 ss1452\"><div><div class=\"ps1327 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18253 ss1453\"><div><div class=\"ps1327 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18254 ss1454\"><div><div class=\"ps1327 ss1336\"><span class=\"f charStyle-bd419927 ps17179\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18256 ss1455\"><div><div class=\"ps1327 ss1447\"><span class=\"f charStyle-81df793a ps18255\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Unconsolidated subsidiaries and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18257 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4753\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18258 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18259 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18260 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18262 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps18261\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18263 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18255\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15555 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-81df793a ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18264 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">184<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18265 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18266 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-81df793a ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18267 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-81df793a ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18269 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps18268\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18270 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">214<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18308 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:132.75pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1456\"><div><div class=\"ps18221 ss450\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18274 ss1443\"><div><div class=\"ps2181 ss44\"><span class=\"f charStyle-81df793a ps18272\">At 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18273\">December </span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps18223\">2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18276 ss1443\"><div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18275\">Revaluations/ <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps15250\">(Write-downs)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps4709 ss137\"><div><div class=\"ps2181 ss119\"><span class=\"f charStyle-81df793a ps18227\">Acquisitions<span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss119\"><span class=\"f charStyle-81df793a ps18228\">and<span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss119\"><span class=\"f charStyle-81df793a ps18229\">capitalizations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps12622 ss1445\"><div><div class=\"ps2222 ss679\"><span class=\"f charStyle-81df793a ps3057\">Fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss679\"><span class=\"f charStyle-81df793a ps18230\">remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps4710 ss1457\"><div><div class=\"ps2180 ss1330\"><span class=\"f charStyle-81df793a ps18277\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18278\">differences, </span></div><div class=\"ps2181 ss1330\"><span class=\"f charStyle-81df793a ps17422\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1330\"><span class=\"f charStyle-81df793a ps18279\">other</span></div><div class=\"ps2223 ss1330\"><span class=\"f charStyle-81df793a ps18280\">changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18237 ss1448\"><div><div class=\"ps2181 ss1447\"><span class=\"f charStyle-81df793a ps9994\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1447\"><span class=\"f charStyle-81df793a ps18235\">31\u00a0December </span></div><div class=\"ps2223 ss1447\"><span class=\"f charStyle-81df793a ps18236\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps22\">Investments in:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18281 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">126<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18282 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18283 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18284 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18285 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18243 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18286 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18287 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4753\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18288 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18289 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18290 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18249 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps13907\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1116 ss1458\"><div><div class=\"ps2248 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss450\"><span class=\"f charStyle-bd419927 ps8271\">value through other comprehensive </span></div><div class=\"ps2250 ss450\"><span class=\"f charStyle-bd419927 ps8271\">income</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18291 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927 ps4744\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18292 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18293 ss1459\"><div><div class=\"ps2250 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18295 ss1460\"><div><div class=\"ps2250 ss679\"><span class=\"f charStyle-bd419927 ps18294\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18296 ss1415\"><div><div class=\"ps2250 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18256 ss1461\"><div><div class=\"ps2250 ss1447\"><span class=\"f charStyle-81df793a ps13907\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3832 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Unconsolidated subsidiaries and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18297 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18298 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16701 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7291\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18299 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18300 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18301 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18255\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1701 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-81df793a ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18302 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">195<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18303 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18304 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-81df793a ps7291\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18305 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-81df793a ps18294\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18306 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18307 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">184<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18310 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">Revaluations and Write-downs mainly include the Group\u2019s share of the profit or loss for the year of investments accounted for using the equity</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps18316 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:71.72pt\">method for a gain of \u20ac</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps18311\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18312\" style=\"width:8.2pt\">26</span><span class=\"f charStyle-24b91321 ps9475\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps18313\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18314\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18315\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps12313\" style=\"width:45.07pt\">, respectively.</span><span class=\"f charStyle-24b91321 ps9383\" style=\"width:2.05pt\"> </span></div><div class=\"ps18317 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">In 2025, Other changes for Associates include the addition as a result of the partial disposal of the previously fully-owned subsidiary GATE</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps18319 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.13pt\">Mobility B.V. (\"GATE\"): o</span><span class=\"f charStyle-24b91321 ps18318\" style=\"width:390.77pt\">n 13 May 2025, Iveco Group and DLL (De Lage Landen International B.V.) announced they were entering into an</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps18320 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">agreement to facilitate the energy transition in Europe through rental solutions for low- to zero-emission commercial vehicles in Europe. The</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps18321 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">transaction received the required regulatory approvals and closed on 1 October 2025. Under the terms of the agreement, DLL acquired a 51%</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps18324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.21pt\">equity interest in GATE Mobility B.V., formerly a fully owned subsidiary of Iveco Group p</span><span class=\"f charStyle-24b91321 ps18322\" style=\"width:144.27pt\">resented within Financial Services segment</span><span class=\"f charStyle-24b91321 ps18323\" style=\"width:36.51pt\">, through a</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18325 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">reserved capital increase. Following the transaction, Iveco Group retains 49% interest in GATE, which from 1 October 2025 is accounted for</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18326 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:81.56pt\">under the equity method.</span></div><div class=\"ps18327 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.43pt\">Translation differences, disposals and other changes also included dividends by companies accounted for using the equity method.</span></div><div class=\"ps18328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.06pt\">At </span><span class=\"f charStyle-24b91321 ps18152\" style=\"width:64.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18153\" style=\"width:401.13pt\">, equity investments measured at fair value through other comprehensive income primarily include a minor investment,</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps18330 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:98.75pt\">considered strategic in nature.</span><span class=\"f charStyle-24b91321 ps18329\" style=\"width:2.05pt\"> </span></div></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Investments in joint ventures</span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.83pt\">Interests in joint ventures are accounted for using the equity method. A summary of investments in joint ventures at </span><span class=\"f charStyle-24b91321 ps13166\" style=\"width:63.04pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18331\" style=\"width:16.74pt\"> and </span><span class=\"f charStyle-24b91321 ps18332\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:41.78pt\">is as follows:</span></div><div class=\"ps13701 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:226.5pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps13709 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18333 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18335 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18334\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4720 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps15003\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18336 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18334\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18337 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps15003\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-bd419927 ps22\">CIFINS S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18340 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927\"><span class=\"ps18338\"></span><span class=\"ps18338\">50.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18339\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18342 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18341\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18343 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927\"><span class=\"ps18338\"></span><span class=\"ps18338\">50.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18339\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18344 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18341\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-bd419927 ps22\">Other joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18346 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18345\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18347 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18345\">19<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-81df793a ps22\">Total Investments in joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18348 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18341\">141<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18349 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18341\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:175.01pt\">Interests in joint ventures consist of 3 companies at </span><span class=\"f charStyle-24b91321 ps18350\" style=\"width:63.98pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps1316\" style=\"width:17.68pt\"> and </span><span class=\"f charStyle-24b91321 ps18351\" style=\"width:63.98pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps18352\" style=\"width:155.25pt\"> and mainly include CIFINS S.p.A., legal entity</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps18354 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">jointly held by Iveco Group and CNH, which holds 49.9% of CNH Capital Europe S.a.S., a joint venture with the BNP Paribas Group providing</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps18355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:305.7pt\">financing solutions to customers of both Iveco Group and CNH in several European countries.</span></div><div class=\"ps18360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.02pt\">At </span><span class=\"f charStyle-24b91321 ps18356\" style=\"width:64.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18357\" style=\"width:18.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18358\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18359\" style=\"width:366.5pt\">, summarised financial information relating to CIFINS S.p.A., material joint venture of the Group, prepared in</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps18361 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:130.68pt\">accordance with EU-IFRS, is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps18386 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1468\"><div><div class=\"ps18362 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps17229 ss1469\"><div><div class=\"ps15000 ss40\"><span class=\"f charStyle-81df793a ps18363\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8943 ss1470\"><div><div class=\"ps15000 ss590\"><span class=\"f charStyle-81df793a ps12538\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3761 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18365 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18364\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18367 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18369 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18368\">237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18371 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">220<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18373 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18374 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18375 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18376 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9701 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18377 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18379 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18380 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18381 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18382 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18383 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2344 ss1475\"><div><div class=\"ps3931 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18384 ss1476\"><div><div class=\"ps3931 ss40\"><span class=\"f charStyle-81df793a ps18368\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18385 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18405 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:328.5pt\"></td><td style=\"padding:0;width:8.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:8.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1479\"><div><div class=\"ps18362 ss1478\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18389 ss343\"><div><div class=\"ps15000 ss33\"><span class=\"f charStyle-81df793a ps18388\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps9995 ss1480\"><div><div class=\"ps15000 ss667\"><span class=\"f charStyle-81df793a ps9678\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Result from investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18391 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18392 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18393 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18394 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Income tax (expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18396 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18397 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18398 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18399 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9701 ss1483\"><div><div class=\"ps961 ss1478\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18401 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18402 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9707 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18403 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18404 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.01pt\">This summarised financial information may be reconciled to the carrying amount of the % interest held in the joint venture as follows:</span></div><div class=\"ps18420 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:317.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1485\"><div><div class=\"ps18362 ss1484\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18407 ss1487\"><div><div class=\"ps15000 ss1486\"><span class=\"f charStyle-81df793a ps18406\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18408 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18409 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-bd419927 ps22\">Group\u2019s interest (%)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18411 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">50<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18413 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18412\">50<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-81df793a ps22\">Pro-quota equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18414 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18415 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-bd419927 ps22\">Adjustments made by using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18416 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18417 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9701 ss1489\"><div><div class=\"ps3931 ss1484\"><span class=\"f charStyle-81df793a ps22\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18418 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18419 ss1476\"><div><div class=\"ps3931 ss40\"><span class=\"f charStyle-81df793a ps18368\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Summarised financial information relating to CNH Industrial Capital Europe S.a.S., material associate of the Group held by CIFINS S.p.A., is as</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.57pt\">follows:</span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:311.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1491\"><div><div class=\"ps9723 ss1490\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps13992 ss1492\"><div><div class=\"ps2120 ss1111\"><span class=\"f charStyle-81df793a ps18422\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3973 ss1493\"><div><div class=\"ps2120 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9733 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18424 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18425 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3766 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18426 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,954<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18427 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,838<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18428 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,954<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18429 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,838<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps8958 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16698 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18430 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18431 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">313<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18432 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">276<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9707 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18433 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,478<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18434 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,395<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss1496\"><div><div class=\"ps3931 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18435 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps9503\">476<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18436 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps9503\">443<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18449 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18437 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps13698\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18439 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">183<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">172<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18441 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">107<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">102<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18443 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18444 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">72<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18445 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18446 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18447 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18448 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">72<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18451 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Investments in associates</span></div><div class=\"ps18456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:141.79pt\">A summary of investments in associates at </span><span class=\"f charStyle-24b91321 ps18452\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps18453\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18454\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18455\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18476 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:223.5pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18457 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18333 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18459 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18458\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18460 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps13492\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18336 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18458\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps13492\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1502\"><div><div class=\"ps961 ss1501\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18464 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18466 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18343 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18467 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1502\"><div><div class=\"ps313 ss1501\"><span class=\"f charStyle-3769e72f ps22\">GATE</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18468 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18470 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:45.66pt\"></span></span><span class=\"ps18469\">21<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18472 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-027c7e22\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.56pt\"></span></span><span class=\"ps18471\">\u2014<span style=\"display:inline-block;height:5.82pt;width:8.01pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18473 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.39pt\"></span></span><span class=\"ps6452\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1502\"><div><div class=\"ps313 ss1501\"><span class=\"f charStyle-81df793a ps22\">Total Investments in associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18474 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18475 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Summarised financial information relating to Transolver Finance Establecimiento Financiero de Credito S.A. and GATE, material associates of the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps18478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:66.37pt\">Group, is as follows:</span></div><div class=\"ps18509 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:232.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps18480 ss1505\"><div><div class=\"ps961 ss1504\"><span class=\"f charStyle-81df793a ps18479\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1506\"><div><div class=\"ps17220 ss1503\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6439 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-db2d9ea7 ps18484\">GATE</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18486 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">712<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">675<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps2388 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18490 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18491 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18492 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">19<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8497 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18493 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">723<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18494 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps16845\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18495 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">694<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2962 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18496 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">640<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18498 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps18497\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18499 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">613<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5137 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18500 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps18497\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18501 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18502 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps98 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18503 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">642<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18504 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps16845\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18505 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">613<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps835 ss1509\"><div><div class=\"ps3931 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18506 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18507 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18508 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div class=\"ps772 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:230.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps8138 ss303\"><div><div class=\"ps961 ss297\"><span class=\"f charStyle-81df793a ps18511\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3971\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1510\"><div><div class=\"ps17220 ss543\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18512 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18484\">GATE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18513 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6664 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18514 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18516 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18515\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18517 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6668 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18518 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18519 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18520 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps769 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18521 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18522 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18515\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18523 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6675 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18524 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18525 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18515\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18526 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:422.01pt\">This summarised financial information may be reconciled to the carrying amount of the % interest held in the associate as follows:</span></div><div class=\"ps18537 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:233.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps18529 ss1513\"><div><div class=\"ps961 ss1512\"><span class=\"f charStyle-81df793a ps18528\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1514\"><div><div class=\"ps17220 ss1511\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps9103 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-db2d9ea7 ps18484\">GATE</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18531 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6664 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-bd419927 ps22\">Group\u2019s interest (%)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18533 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18516 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18517 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6668 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Pro-quota equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18534 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18519 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18520 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps769 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-bd419927 ps22\">Adjustments made by using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18535 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18522 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18523 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18536 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18525 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18526 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3249 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">35. Companies included in the scope of the Consolidated Financial Statements </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:224.68pt\">The main legal entities comprising the Iveco Group at 31 December <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21489\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21490\" style=\"width:234.92pt\">, including major subsidiaries, joint ventures and associates, included in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.71pt\">Continuing Operations are provided below:</span><span class=\"f charStyle-24b91321 ps21491\" style=\"width:2.05pt\"> </span></div><div class=\"ps21544 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps8948 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6658 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Altra S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21493 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18556 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5115 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Amce-Automotive Manufacturing Co.Ethiopia Share Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21494 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ethiopia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21495 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">69.99%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps827 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Dolphin N2 Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9856 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19920 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2340 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">EVCO GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21496 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19117 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3832 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies (Chongqing) Co., Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21497 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21498 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18682 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies Management (Shanghai) Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21499 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21500 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1816 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies of North America, Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21501 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21502 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT - Powertrain Technologies France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21503 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21504 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21505 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21506 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21507 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21508 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Industrial S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21509 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21510 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9615 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Motorenforschung AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21511 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21512 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21513 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Heuliez Bus S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21514 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21515 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2575 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IAV-Industrie-Anlagen-Verpachtung GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21516 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21517 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21518 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21519 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21520 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2440 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services UK Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21521 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21522 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps195 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Nordics A/S<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21523 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Denmark<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21524 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15292 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IDV Group N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21525 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21526 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21527 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (China) Commercial Vehicle Sales Co. Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21528 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21529 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10492 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (Schweiz) AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21530 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21531 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9641 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Arac Sanayi VE Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21532 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21533 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10863 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Austria GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21536 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Austria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21537 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18476 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Bayern GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21538 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21539 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21540 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Belgium N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21541 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Belgium<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21542 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO CAPITAL BULGARIA EAD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Bulgaria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1768\"><div><div class=\"ps301 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Slovakia s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1769\"><div><div class=\"ps301 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1770\"><div><div class=\"ps301 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Solutions S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21551 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21552 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Czech Republic A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21553 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21554 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4982 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Deutschland AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21555 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21556 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1811 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Espana S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21557 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21558 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1019 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Est S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21559 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21560 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21561 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21562 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Group Korea LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21563 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Korea<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21564 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21565 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Services (Thailand) Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21566 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Thailand<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21567 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Switzerland SA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1658 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Investitions GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21573 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21574 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21575 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21576 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2435 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nederland B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21577 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21578 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15288 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21579 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21580 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps187 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord-Ost Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21581 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21582 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1734 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Norge A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21583 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Norway<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21584 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21585 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Otomotiv Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21586 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21587 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21588 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21589 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21590 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Pension Trustee Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Poland Sp. z o.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Poland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21595 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Portugal-Comercio de Veiculos Industriais S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21596 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Portugal<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21597 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21598 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Provence S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21599 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21600 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21601 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Retail Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21602 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21603 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10536 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Romania S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21604 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21605 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21606 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21607 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21608 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21609 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO SA (PTY) LTD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21610 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Africa<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21611 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11122 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Slovakia, s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21612 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21613 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10901 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Sud-West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21614 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21615 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Centrum s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21617 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21618 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21619 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21620 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21621 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16257 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Trucks Australia Pty. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21622 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Australia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21623 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Ukraine LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21625 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ukraine<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21626 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21627 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21628 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21629 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21630 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVG BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21631 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21632 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21633 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Liegenschaftsverwaltung Weisweil GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21634 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21635 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15549 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Mediterranea de Camiones S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21636 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21637 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16271 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Officine Brennero S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21638 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21639 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">OOO Iveco Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1107 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">SAIC Fiat Powertrain Hongyan Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21640 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21641 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">60.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps80 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Seddon Atkinson Vehicles Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21642 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21643 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps12183 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Soci\u00e9t\u00e9 Charolaise de Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21644 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21645 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6015 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Service S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21646 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21647 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11000 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Zona Franca Alari Sepauto S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21648 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21649 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">51.87%</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CIFINS S.p.A.</span><span class=\"f charStyle-a5ada9bf ps21651\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Orecchia S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8801 ss1772\"><div><div class=\"ps2120 ss797\"><span class=\"f charStyle-db2d9ea7 ps22\">SUBSIDIARIES VALUED AT FVTPL</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8804 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL INDIA PRIVATE LIMITED<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21652 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">India<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21653 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps9624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Blitz S19-499 GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21654 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21655 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21656 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">TORINO INMOBILIARIA, C.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21657 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Venezuela<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21658 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10835 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CNH Industrial Capital Europe S.A.S.</span><span class=\"f charStyle-a5ada9bf ps21659\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">GATE Mobility B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC SOLUTIONS EUROPE S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5355 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21660 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21661 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21662 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19313 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">CODEFIS Societ\u00e0 consortile per azioni<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21663 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21664 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">28.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21665 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Sotra S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21666 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ivory Coast<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21667 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">39.80%</span></div></div></div></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21668 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Trucks &amp; Bus Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21669 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Libya<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21670 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">25.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21671 ss1773\"><div><div class=\"ps9632 ss797\"><span class=\"f charStyle-81df793a ps22\">OTHER COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10617 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Naveco (Nanjing IVECO Motor Co.) Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21672 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21673 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">19.90%</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:236.1pt\">(1) After the Demerger CIFINS S.p.A. is owned 50.00% by Iveco Group and 50.00% by CNH.</span></div><div class=\"ps21675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:266.7pt\">(2) This percentage represents the interest held by Iveco Group through its 50% interest in CIFINS S.p.A.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.82pt\">The subsidiaries included in Discontinued Operations at 31 December 2025 are as follows:</span></div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:228pt\"></td><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1774\"><div><div class=\"ps2314 ss13\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps310 ss1775\"><div><div class=\"ps2314 ss1504\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps6766 ss1776\"><div><div class=\"ps2314 ss379\"><span class=\"f charStyle-81df793a ps22\">Percentage Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps21677 ss1777\"><div><div class=\"ps9632 ss13\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">Astra Veicoli Industriali S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21678 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21679 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Brasil Ltda.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21680 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19266 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Defence Vehicles Espa\u00f1a S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21681 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21682 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles France S.A.S.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21683 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21684 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3948 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles Italia S.p.A.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21685 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21686 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps13505 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES ROMANIA S.R.L.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21687 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21688 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4989 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES UK LTD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21689 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21690 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8203 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Deutschland GmbH</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21691 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-3769e72f ps22\">Germany</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21692 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Group S.r.l.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21693 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21694 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Nederland B.V.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21695 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21696 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV USA Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21697 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21698 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">Italwatt S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21699 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21700 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps159 ss1783\"><div><div class=\"ps9140 ss13\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss13\"><span class=\"f charStyle-81df793a ps22\">EQUITY METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16130 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21701 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21702 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-604": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">14. Investments and other non-current financial assets</span></div><div class=\"ps856 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:335.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1440\"><div><div class=\"ps9091 ss226\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18196 ss1394\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps18195\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6157 ss425\"><div><div class=\"ps313 ss418\"><span class=\"f charStyle-81df793a ps18197\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps37 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Investments accounted for using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18199 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">202<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18200 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">171<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair value through other comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18202 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18203 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6164\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps8271\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18204 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18205 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6175\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18206 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18198\">214<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18207 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">184<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-bd419927 ps22\">Non-current financial receivables and other non-current securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18208 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18209 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6164\">39<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss230\"><div><div class=\"ps961 ss226\"><span class=\"f charStyle-81df793a ps22\">Total Investments and other non-current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18210 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18198\">279<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6320 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6166\">223<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18213 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At </span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:222.09pt\">, no Non-current financial receivables had been pledged as security.</span></div><div class=\"ps18214 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investments</span></div><div class=\"ps18219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:88.93pt\">Changes in Investments in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18215\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18216\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18217\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18218\" style=\"width:60.24pt\"> are set out below:</span></div><div class=\"ps18271 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:134.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:66.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1442\"><div><div class=\"ps18221 ss1441\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18224 ss1443\"><div><div class=\"ps2181 ss44\"><span class=\"f charStyle-81df793a ps9679\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18222\">31\u00a0December </span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps18223\">2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18226 ss1444\"><div><div class=\"ps2181 ss602\"><span class=\"f charStyle-81df793a ps18225\">Revaluations<span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss602\"><span class=\"f charStyle-81df793a ps16242\">/ (Write-</span></div><div class=\"ps2223 ss602\"><span class=\"f charStyle-81df793a ps17941\">downs)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps817 ss137\"><div><div class=\"ps2181 ss119\"><span class=\"f charStyle-81df793a ps18227\">Acquisitions <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss119\"><span class=\"f charStyle-81df793a ps18228\">and </span></div><div class=\"ps2223 ss119\"><span class=\"f charStyle-81df793a ps18229\">capitalizations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1445\"><div><div class=\"ps2222 ss679\"><span class=\"f charStyle-81df793a ps3057\">Fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss679\"><span class=\"f charStyle-81df793a ps18230\">remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11936 ss1446\"><div><div class=\"ps2180 ss1336\"><span class=\"f charStyle-81df793a ps18231\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1336\"><span class=\"f charStyle-81df793a ps18232\">differences, </span></div><div class=\"ps2181 ss1336\"><span class=\"f charStyle-81df793a ps18233\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1336\"><span class=\"f charStyle-81df793a ps18234\">other</span></div><div class=\"ps2223 ss1336\"><span class=\"f charStyle-81df793a ps7285\">changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18237 ss1448\"><div><div class=\"ps2181 ss1447\"><span class=\"f charStyle-81df793a ps9994\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1447\"><span class=\"f charStyle-81df793a ps18235\">31\u00a0December </span></div><div class=\"ps2223 ss1447\"><span class=\"f charStyle-81df793a ps18236\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps22\">Investments in:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18238 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">131<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18239 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18240 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14093 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18241 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps17181\">(13)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18243 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">141<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18244 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18245 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18246 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18247 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18248 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps16916\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18249 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps13907\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1116 ss1451\"><div><div class=\"ps2180 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">through other comprehensive income</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18250 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-bd419927 ps4744\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18251 ss603\"><div><div class=\"ps1327 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18252 ss1452\"><div><div class=\"ps1327 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18253 ss1453\"><div><div class=\"ps1327 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18254 ss1454\"><div><div class=\"ps1327 ss1336\"><span class=\"f charStyle-bd419927 ps17179\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18256 ss1455\"><div><div class=\"ps1327 ss1447\"><span class=\"f charStyle-81df793a ps18255\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-bd419927 ps8271\">Unconsolidated subsidiaries and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18257 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4753\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18258 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18259 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18260 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18262 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-bd419927 ps18261\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18263 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18255\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15555 ss1449\"><div><div class=\"ps961 ss1441\"><span class=\"f charStyle-81df793a ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18264 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">184<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18265 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18266 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-81df793a ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18267 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-81df793a ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18269 ss1339\"><div><div class=\"ps961 ss1336\"><span class=\"f charStyle-81df793a ps18268\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18270 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">214<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18308 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:132.75pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:54.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:49.5pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1456\"><div><div class=\"ps18221 ss450\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18274 ss1443\"><div><div class=\"ps2181 ss44\"><span class=\"f charStyle-81df793a ps18272\">At 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18273\">December </span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps18223\">2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18276 ss1443\"><div><div class=\"ps2222 ss44\"><span class=\"f charStyle-81df793a ps18275\">Revaluations/ <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss44\"><span class=\"f charStyle-81df793a ps15250\">(Write-downs)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps4709 ss137\"><div><div class=\"ps2181 ss119\"><span class=\"f charStyle-81df793a ps18227\">Acquisitions<span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss119\"><span class=\"f charStyle-81df793a ps18228\">and<span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss119\"><span class=\"f charStyle-81df793a ps18229\">capitalizations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps12622 ss1445\"><div><div class=\"ps2222 ss679\"><span class=\"f charStyle-81df793a ps3057\">Fair value <span class=\"f ps13\"> </span></span></div><div class=\"ps2223 ss679\"><span class=\"f charStyle-81df793a ps18230\">remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps4710 ss1457\"><div><div class=\"ps2180 ss1330\"><span class=\"f charStyle-81df793a ps18277\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18278\">differences, </span></div><div class=\"ps2181 ss1330\"><span class=\"f charStyle-81df793a ps17422\">disposals and <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1330\"><span class=\"f charStyle-81df793a ps18279\">other</span></div><div class=\"ps2223 ss1330\"><span class=\"f charStyle-81df793a ps18280\">changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18237 ss1448\"><div><div class=\"ps2181 ss1447\"><span class=\"f charStyle-81df793a ps9994\">At <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1447\"><span class=\"f charStyle-81df793a ps18235\">31\u00a0December </span></div><div class=\"ps2223 ss1447\"><span class=\"f charStyle-81df793a ps18236\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps22\">Investments in:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18281 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4781\">126<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18282 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18283 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18284 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18285 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18243 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18286 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18287 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4753\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18288 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18289 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18290 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18249 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps13907\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1116 ss1458\"><div><div class=\"ps2248 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Equity investments measured at fair <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss450\"><span class=\"f charStyle-bd419927 ps8271\">value through other comprehensive </span></div><div class=\"ps2250 ss450\"><span class=\"f charStyle-bd419927 ps8271\">income</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18291 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927 ps4744\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18292 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927 ps4760\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18293 ss1459\"><div><div class=\"ps2250 ss119\"><span class=\"f charStyle-bd419927 ps7518\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18295 ss1460\"><div><div class=\"ps2250 ss679\"><span class=\"f charStyle-bd419927 ps18294\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18296 ss1415\"><div><div class=\"ps2250 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18256 ss1461\"><div><div class=\"ps2250 ss1447\"><span class=\"f charStyle-81df793a ps13907\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3832 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-bd419927 ps8271\">Unconsolidated subsidiaries and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18297 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps4744\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18298 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16701 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-bd419927 ps7291\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18299 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18300 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18301 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18255\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1701 ss452\"><div><div class=\"ps961 ss450\"><span class=\"f charStyle-81df793a ps22\">Total Investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18302 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4781\">195<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18303 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18304 ss467\"><div><div class=\"ps961 ss119\"><span class=\"f charStyle-81df793a ps7291\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18305 ss684\"><div><div class=\"ps961 ss679\"><span class=\"f charStyle-81df793a ps18294\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18306 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18307 ss1450\"><div><div class=\"ps961 ss1447\"><span class=\"f charStyle-81df793a ps18242\">184<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18328 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.06pt\">At </span><span class=\"f charStyle-24b91321 ps18152\" style=\"width:64.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18153\" style=\"width:401.13pt\">, equity investments measured at fair value through other comprehensive income primarily include a minor investment,</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:98.75pt\">considered strategic in nature.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-606": {
   "value": "26000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-607": {
   "value": "26000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-608": {
   "value": "<div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Investments in joint ventures</span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.83pt\">Interests in joint ventures are accounted for using the equity method. A summary of investments in joint ventures at </span><span class=\"f charStyle-24b91321 ps13166\" style=\"width:63.04pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18331\" style=\"width:16.74pt\"> and </span><span class=\"f charStyle-24b91321 ps18332\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:41.78pt\">is as follows:</span></div><div class=\"ps13701 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:226.5pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:60pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps13709 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18333 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18335 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18334\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4720 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps15003\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18336 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18334\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18337 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps15003\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-bd419927 ps22\">CIFINS S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18340 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927\"><span class=\"ps18338\"></span><span class=\"ps18338\">50.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18339\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18342 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18341\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18343 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927\"><span class=\"ps18338\"></span><span class=\"ps18338\">50.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18339\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18344 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18341\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-bd419927 ps22\">Other joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18346 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18345\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18347 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps18345\">19<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1466\"><div><div class=\"ps961 ss1465\"><span class=\"f charStyle-81df793a ps22\">Total Investments in joint ventures<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18348 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18341\">141<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18349 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps18341\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:175.01pt\">Interests in joint ventures consist of 3 companies at </span><span class=\"f charStyle-24b91321 ps18350\" style=\"width:63.98pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps1316\" style=\"width:17.68pt\"> and </span><span class=\"f charStyle-24b91321 ps18351\" style=\"width:63.98pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps18352\" style=\"width:155.25pt\"> and mainly include CIFINS S.p.A., legal entity</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps18354 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">jointly held by Iveco Group and CNH, which holds 49.9% of CNH Capital Europe S.a.S., a joint venture with the BNP Paribas Group providing</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps18355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:305.7pt\">financing solutions to customers of both Iveco Group and CNH in several European countries.</span></div><div class=\"ps18360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.02pt\">At </span><span class=\"f charStyle-24b91321 ps18356\" style=\"width:64.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18357\" style=\"width:18.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18358\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18359\" style=\"width:366.5pt\">, summarised financial information relating to CIFINS S.p.A., material joint venture of the Group, prepared in</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps18361 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:130.68pt\">accordance with EU-IFRS, is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps18386 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1468\"><div><div class=\"ps18362 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps17229 ss1469\"><div><div class=\"ps15000 ss40\"><span class=\"f charStyle-81df793a ps18363\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8943 ss1470\"><div><div class=\"ps15000 ss590\"><span class=\"f charStyle-81df793a ps12538\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3761 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18365 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18364\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18367 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18369 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18368\">237<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18371 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">220<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18373 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18374 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18375 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18376 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9701 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18377 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18379 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18380 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18381 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1471\"><div><div class=\"ps301 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18382 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18383 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2344 ss1475\"><div><div class=\"ps3931 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18384 ss1476\"><div><div class=\"ps3931 ss40\"><span class=\"f charStyle-81df793a ps18368\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18385 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18405 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:328.5pt\"></td><td style=\"padding:0;width:8.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:8.25pt\"></td><td style=\"padding:0;width:59.25pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1479\"><div><div class=\"ps18362 ss1478\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18389 ss343\"><div><div class=\"ps15000 ss33\"><span class=\"f charStyle-81df793a ps18388\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps9995 ss1480\"><div><div class=\"ps15000 ss667\"><span class=\"f charStyle-81df793a ps9678\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Result from investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18391 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18392 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18393 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18394 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18390\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-bd419927 ps22\">Income tax (expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18396 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18397 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18398 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18399 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9701 ss1483\"><div><div class=\"ps961 ss1478\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18401 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18402 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9707 ss1481\"><div><div class=\"ps301 ss1478\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18403 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18404 ss1482\"><div><div class=\"ps301 ss756\"><span class=\"f charStyle-81df793a ps18390\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.01pt\">This summarised financial information may be reconciled to the carrying amount of the % interest held in the joint venture as follows:</span></div><div class=\"ps18420 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:317.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1485\"><div><div class=\"ps18362 ss1484\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18407 ss1487\"><div><div class=\"ps15000 ss1486\"><span class=\"f charStyle-81df793a ps18406\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18408 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">242<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18409 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-bd419927 ps22\">Group\u2019s interest (%)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18411 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">50<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18413 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18412\">50<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-81df793a ps22\">Pro-quota equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18414 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-81df793a ps18370\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18415 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-81df793a ps18368\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5115 ss1488\"><div><div class=\"ps301 ss1484\"><span class=\"f charStyle-bd419927 ps22\">Adjustments made by using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18416 ss1474\"><div><div class=\"ps301 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18417 ss1472\"><div><div class=\"ps301 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9701 ss1489\"><div><div class=\"ps3931 ss1484\"><span class=\"f charStyle-81df793a ps22\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18418 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18419 ss1476\"><div><div class=\"ps3931 ss40\"><span class=\"f charStyle-81df793a ps18368\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Summarised financial information relating to CNH Industrial Capital Europe S.a.S., material associate of the Group held by CIFINS S.p.A., is as</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.57pt\">follows:</span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:311.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:24pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1491\"><div><div class=\"ps9723 ss1490\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps13992 ss1492\"><div><div class=\"ps2120 ss1111\"><span class=\"f charStyle-81df793a ps18422\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3973 ss1493\"><div><div class=\"ps2120 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9733 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18424 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18425 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3766 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18426 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,954<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18427 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,838<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18428 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,954<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18429 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,838<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps8958 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps16698 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18430 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3994\">5,119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18431 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">313<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18432 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">276<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9707 ss1494\"><div><div class=\"ps301 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18433 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,478<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18434 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps3994\">5,395<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss1496\"><div><div class=\"ps3931 ss1490\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18435 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps9503\">476<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18436 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps9503\">443<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18449 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div><div class=\"ps18437 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps13698\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td colspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18439 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">183<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">172<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18441 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">107<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps9503\">102<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18443 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18444 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">72<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18445 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18446 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18447 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">78<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18448 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">72<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21354 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions with joint ventures</span></div><div class=\"ps21355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Iveco Group sells vehicles and provides technical services to joint ventures such as IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:166.75pt\">limitata, a joint venture of Discontinued Operations.</span><span class=\"f charStyle-24b91321 ps21356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21362 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:187.62pt\">Net revenues from joint ventures were \u20ac120 million in </span><span class=\"f charStyle-24b91321 ps21358\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21359\" style=\"width:58.92pt\"> (\u20ac117 million in </span><span class=\"f charStyle-24b91321 ps21360\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21361\" style=\"width:188.54pt\">) and trade receivables from joint ventures were nil at </span><span class=\"f charStyle-24b91321 ps4328\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps21366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.64pt\">December 2025</span><span class=\"f charStyle-24b91321 ps21363\" style=\"width:46.62pt\"> (\u20ac8 million at </span><span class=\"f charStyle-24b91321 ps21364\" style=\"width:63.08pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps21365\" style=\"width:313.66pt\">). Advances from IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata amounted</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:59.56pt\">to \u20ac193 million at </span><span class=\"f charStyle-24b91321 ps21367\" style=\"width:63.6pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps21368\" style=\"width:352.89pt\"> and were included in \"Liabilities held for sale - Discontinued Operations\" in the Consolidated Statement of</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Financial Position at the same date. Advances from IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata amounted to \u20ac137 million</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:72.95pt\">at 31 December 2024.</span></div><div class=\"ps7300 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.56pt\">At </span><span class=\"f charStyle-24b91321 ps21369\" style=\"width:63.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21370\" style=\"width:17.48pt\"> and </span><span class=\"f charStyle-24b91321 ps4098\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21371\" style=\"width:318.05pt\">, Iveco Group had provided guarantees on commitments of its joint ventures for an amount of \u20ac</span><span class=\"f charStyle-24b91321 ps21372\" style=\"width:12.3pt\">326</span><span class=\"f charStyle-24b91321 ps21373\" style=\"width:38.34pt\"> million and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:12.3pt\">259</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:346.96pt\"> million, respectively, mainly related to IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-609": {
   "value": "<div class=\"ps18451 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Investments in associates</span></div><div class=\"ps18456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:141.79pt\">A summary of investments in associates at </span><span class=\"f charStyle-24b91321 ps18452\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps18453\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18454\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18455\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18476 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:223.5pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18457 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18333 ss1463\"><div><div class=\"ps961 ss1462\"><span class=\"f charStyle-81df793a ps9681\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18459 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18458\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18460 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps13492\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18336 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18458\">% of interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps13492\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1502\"><div><div class=\"ps961 ss1501\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18464 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18466 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18343 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18467 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1502\"><div><div class=\"ps313 ss1501\"><span class=\"f charStyle-3769e72f ps22\">GATE</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18468 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps18462\"></span><span class=\"ps18462\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps18463\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18470 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:45.66pt\"></span></span><span class=\"ps18469\">21<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18472 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-027c7e22\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.56pt\"></span></span><span class=\"ps18471\">\u2014<span style=\"display:inline-block;height:5.82pt;width:8.01pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18473 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.39pt\"></span></span><span class=\"ps6452\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1502\"><div><div class=\"ps313 ss1501\"><span class=\"f charStyle-81df793a ps22\">Total Investments in associates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18474 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18475 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Summarised financial information relating to Transolver Finance Establecimiento Financiero de Credito S.A. and GATE, material associates of the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps18478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:66.37pt\">Group, is as follows:</span></div><div class=\"ps18509 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:232.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps18480 ss1505\"><div><div class=\"ps961 ss1504\"><span class=\"f charStyle-81df793a ps18479\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1506\"><div><div class=\"ps17220 ss1503\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6439 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-db2d9ea7 ps18484\">GATE</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Non-current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18486 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">712<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">675<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps2388 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Current assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18490 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18491 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18492 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">19<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8497 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18493 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">723<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18494 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps16845\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18495 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">694<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps2962 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18496 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">640<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18498 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps18497\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18499 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps9503\">613<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5137 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-bd419927 ps22\">Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18500 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps18497\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18501 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps16845\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18502 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps98 ss1508\"><div><div class=\"ps301 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18503 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">642<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18504 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps16845\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18505 ss1495\"><div><div class=\"ps301 ss332\"><span class=\"f charStyle-81df793a ps9503\">613<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps835 ss1509\"><div><div class=\"ps3931 ss1503\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18506 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18507 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18508 ss336\"><div><div class=\"ps3931 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps772 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:230.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps8138 ss303\"><div><div class=\"ps961 ss297\"><span class=\"f charStyle-81df793a ps18511\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3971\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1510\"><div><div class=\"ps17220 ss543\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18512 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18484\">GATE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18513 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6664 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-bd419927 ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18514 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18516 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18515\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18517 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6668 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18518 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18519 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18520 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps769 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income, net of tax<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18521 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18522 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18515\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18523 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6675 ss544\"><div><div class=\"ps961 ss543\"><span class=\"f charStyle-81df793a ps22\">Total Comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18524 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18525 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18515\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18526 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18497\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:422.01pt\">This summarised financial information may be reconciled to the carrying amount of the % interest held in the associate as follows:</span></div><div class=\"ps18537 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:233.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps18529 ss1513\"><div><div class=\"ps961 ss1512\"><span class=\"f charStyle-81df793a ps18528\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps3973 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1514\"><div><div class=\"ps17220 ss1511\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps9103 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6478 ss1507\"><div><div class=\"ps9284 ss332\"><span class=\"f charStyle-db2d9ea7 ps18484\">GATE</span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18440 ss1507\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps13633\">Transolver Finance <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss332\"><span class=\"f charStyle-81df793a ps18481\">Establecimiento </span></div><div class=\"ps17224 ss332\"><span class=\"f charStyle-81df793a ps18482\">Financiero de Credito </span></div><div class=\"ps9284 ss332\"><span class=\"f charStyle-81df793a ps18483\">S.A.<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6658 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Total Equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18531 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18487 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18489 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">81<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6664 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-bd419927 ps22\">Group\u2019s interest (%)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18533 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18516 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18517 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps18532\"></span><span class=\"ps18532\">49.00<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps6668 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Pro-quota equity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18534 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18519 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18520 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps769 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-bd419927 ps22\">Adjustments made by using the equity method<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18535 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18522 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18523 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3979\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss1515\"><div><div class=\"ps961 ss1511\"><span class=\"f charStyle-81df793a ps22\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18536 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18525 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18526 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">40<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3232 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions with associates</span></div><div class=\"ps21377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:308.68pt\">Iveco Group sells trucks and commercial vehicles and provides services to associates. In </span><span class=\"f charStyle-24b91321 ps21375\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21376\" style=\"width:151.01pt\">, revenues from associates were \u20ac18 million</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1838 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:51.21pt\">(\u20ac71\u00a0million in </span><span class=\"f charStyle-24b91321 ps21378\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps11858\" style=\"width:17.23pt\">). In </span><span class=\"f charStyle-24b91321 ps8371\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21379\" style=\"width:214.37pt\">, cost of sales from associates were \u20ac8 million (\u20ac13 million in </span><span class=\"f charStyle-24b91321 ps21380\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21381\" style=\"width:18.05pt\">). At </span><span class=\"f charStyle-24b91321 ps21382\" style=\"width:65.18pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21383\" style=\"width:60.65pt\">, receivables from</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1839 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:166.76pt\">associates amounted to \u20ac10 million (\u20ac9 million at </span><span class=\"f charStyle-24b91321 ps21384\" style=\"width:64.14pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21385\" style=\"width:200.2pt\">). Trade payables to associates amounted to \u20ac24 million at </span><span class=\"f charStyle-24b91321 ps21386\" style=\"width:44.97pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:56.48pt\"> (\u20ac28\u00a0million at </span><span class=\"f charStyle-24b91321 ps21387\" style=\"width:65.96pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21388\" style=\"width:18.83pt\">). At </span><span class=\"f charStyle-24b91321 ps21389\" style=\"width:65.96pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21390\" style=\"width:19.66pt\"> and </span><span class=\"f charStyle-24b91321 ps21391\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21392\" style=\"width:216.3pt\">, Iveco Group had provided guarantees on commitments of its</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:96.73pt\">associates for an amount of \u20ac</span><span class=\"f charStyle-24b91321 ps21394\" style=\"width:12.3pt\">213</span><span class=\"f charStyle-24b91321 ps21395\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps7073\" style=\"width:12.3pt\">219</span><span class=\"f charStyle-24b91321 ps21396\" style=\"width:221.61pt\"> million, respectively, related to CNH Industrial Capital Europe S.a.S</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-611": {
   "value": "<div class=\"ps18608 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">17. Current receivables and Other current financial assets </span></div><div class=\"ps18614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:243.8pt\">A summary of Current receivables and Other current financial assets as of </span><span class=\"f charStyle-24b91321 ps18609\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18610\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18611\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18612\" style=\"width:43.83pt\"> is as follows:</span><span class=\"f charStyle-24b91321 ps18613\" style=\"width:2.05pt\"> </span></div><div class=\"ps18632 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:292.5pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1520\"><div><div class=\"ps18615 ss1519\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18617 ss1521\"><div><div class=\"ps301 ss381\"><span class=\"f charStyle-81df793a ps18616\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5282 ss1521\"><div><div class=\"ps301 ss381\"><span class=\"f charStyle-81df793a ps18616\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2328 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18618 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">336<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18619 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">405<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18620 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5286\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18621 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5286\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Current tax receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18622 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">142<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">133<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Other current receivables and financial assets:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps767 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps8271\">Other current receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18624 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">463<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18625 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">366<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6775 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps8271\">Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18626 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5334\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18627 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">104<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10981 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Total Other current receivables and financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18628 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">497<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18629 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">470<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-81df793a ps22\">Total Current receivables and Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18630 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-81df793a ps5286\">5,806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18631 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-81df793a ps5286\">6,193<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18633 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:308.55pt\">An analysis of Current receivables and Other current financial assets by due date is as follows:</span></div><div class=\"ps15522 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:105.75pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:30.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:30pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"7\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6642 ss1524\"><div><div class=\"ps961 ss1523\"><span class=\"f charStyle-81df793a ps18634\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18617 ss1526\"><div><div class=\"ps961 ss1525\"><span class=\"f charStyle-81df793a ps18635\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss448\"><div><div class=\"ps17220 ss444\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6648 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps18636\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18637\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18639 ss633\"><div><div class=\"ps17222 ss605\"><span class=\"f charStyle-81df793a ps14660\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps14695\">one and five </span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18638\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18640 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps6169\">due beyond <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps2528\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1527\"><div><div class=\"ps9284 ss1013\"><span class=\"f charStyle-81df793a ps17933\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18641 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps18636\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18637\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18642 ss633\"><div><div class=\"ps17222 ss605\"><span class=\"f charStyle-81df793a ps14660\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps14695\">one and five </span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18638\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps6169\">due beyond <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps2528\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18643 ss1211\"><div><div class=\"ps9284 ss1003\"><span class=\"f charStyle-81df793a ps15855\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6660 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">336<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18645 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18646 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18647 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">336<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18648 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">405<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18649 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18650 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18651 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">405<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1528\"><div><div class=\"ps9140 ss444\"><span class=\"f charStyle-bd419927 ps22\">Receivables from financing <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss444\"><span class=\"f charStyle-bd419927 ps22\">activities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6665 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps6644\">4,793<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18652 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps9175\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18653 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1529\"><div><div class=\"ps9141 ss1013\"><span class=\"f charStyle-81df793a ps17946\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18655 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps6644\">5,128<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18656 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps9175\">57<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18657 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18658 ss1530\"><div><div class=\"ps9141 ss1003\"><span class=\"f charStyle-81df793a ps18577\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Current tax receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18659 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">139<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18660 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18661 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18662 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">142<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18663 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">126<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18664 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15409 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18665 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">133<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Other current receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18666 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">379<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18667 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18668 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">44<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18669 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">463<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18670 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">351<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18671 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18672 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18673 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">366<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18674 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18675 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18676 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18677 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps18094\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18678 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18679 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18680 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18681 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">104<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18682 ss1528\"><div><div class=\"ps13102 ss444\"><span class=\"f charStyle-81df793a ps22\">Total Current receivables and <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss444\"><span class=\"f charStyle-81df793a ps22\">Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18683 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps6644\">5,681<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18684 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9175\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18685 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9175\">44<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18686 ss1529\"><div><div class=\"ps9141 ss1013\"><span class=\"f charStyle-81df793a ps17946\">5,806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18687 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps6644\">6,114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18688 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9175\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18689 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9186\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18690 ss1530\"><div><div class=\"ps9141 ss1003\"><span class=\"f charStyle-81df793a ps18577\">6,193<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Trade receivables</span></div><div class=\"ps16722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:20.88pt\">As of </span><span class=\"f charStyle-24b91321 ps18692\" style=\"width:64.72pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18693\" style=\"width:18.42pt\"> and </span><span class=\"f charStyle-24b91321 ps18694\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1519\" style=\"width:138.22pt\">, Iveco Group had trade receivables of \u20ac</span><span class=\"f charStyle-24b91321 ps18695\" style=\"width:12.3pt\">336</span><span class=\"f charStyle-24b91321 ps18696\" style=\"width:46.44pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18697\" style=\"width:12.3pt\">405</span><span class=\"f charStyle-24b91321 ps18698\" style=\"width:146.36pt\"> million, respectively. Trade receivables are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:112.05pt\">shown net of loss allowances of \u20ac</span><span class=\"f charStyle-24b91321 ps18699\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps18700\" style=\"width:44.52pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18701\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18702\" style=\"width:34.27pt\"> million at </span><span class=\"f charStyle-24b91321 ps18703\" style=\"width:63.44pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18704\" style=\"width:17.14pt\"> and </span><span class=\"f charStyle-24b91321 ps18705\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18706\" style=\"width:171.84pt\">, respectively. The allowances are determined using</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps18708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.73pt\">the simplified approach as permitted by IFRS 9 for trade receivables, consisting in the use of lifetime expected loss.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:196.67pt\">Changes in the loss allowances for trade receivables during </span><span class=\"f charStyle-24b91321 ps18709\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18712\" style=\"width:54.48pt\"> were as follows:</span><span class=\"f charStyle-24b91321 ps18713\" style=\"width:2.05pt\"> </span></div><div class=\"ps18727 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:261pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1532\"><div><div class=\"ps8886 ss1531\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18714 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18715 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18717 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18718 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18719 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18716\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18721 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Write-offs and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18723 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18722\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18724 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18725 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">32<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18726 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.46pt\">The allowances at </span><span class=\"f charStyle-24b91321 ps18728\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18729\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18730\" style=\"width:205.72pt\"> have been determined using the following expected loss rates:</span></div><div class=\"ps18807 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:27pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:23.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18733 ss597\"><div><div class=\"ps961 ss596\"><span class=\"f charStyle-81df793a ps18732\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5980 ss414\"><div><div class=\"ps961 ss413\"><span class=\"f charStyle-81df793a ps18734\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18736 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18739 ss1238\"><div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps18737\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps18738\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18742 ss1240\"><div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18740\">61-90 days<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps18741\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18743 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss94\"><div><div class=\"ps2250 ss62\"><span class=\"f charStyle-81df793a ps18744\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5985 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18747 ss1284\"><div><div class=\"ps2249 ss1188\"><span class=\"f charStyle-81df793a ps18745\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps18746\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18751 ss1236\"><div><div class=\"ps2248 ss722\"><span class=\"f charStyle-81df793a ps18748\">61-90 <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss722\"><span class=\"f charStyle-81df793a ps18749\">days</span></div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps18750\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18753 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1533\"><div><div class=\"ps9140 ss976\"><span class=\"f charStyle-bd419927 ps22\">Expected loss rate <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss976\"><span class=\"f charStyle-bd419927 ps22\">(in %)</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18754 ss1535\"><div><div class=\"ps15197 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">%<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18757 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18760 ss617\"><div><div class=\"ps9141 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps18758\"></span><span class=\"ps18758\">\u2014</span><span class=\"ps18759\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18763 ss1537\"><div><div class=\"ps9141 ss399\"><span class=\"f charStyle-bd419927\"><span class=\"ps18761\"></span><span class=\"ps18761\">\u2014</span><span class=\"ps18762\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18766 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">32</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18768 ss104\"><div><div class=\"ps9141 ss62\"><span class=\"f charStyle-bd419927\"><span class=\"ps13844\"></span><span class=\"ps13844\">9</span><span class=\"ps18767\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18769 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18772 ss1538\"><div><div class=\"ps9141 ss1188\"><span class=\"f charStyle-bd419927\"><span class=\"ps18770\"></span><span class=\"ps18770\">\u2014</span><span class=\"ps18771\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18775 ss1539\"><div><div class=\"ps9141 ss722\"><span class=\"f charStyle-bd419927\"><span class=\"ps18773\"></span><span class=\"ps18773\">\u2014</span><span class=\"ps18774\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18776 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">29</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18778 ss1540\"><div><div class=\"ps9141 ss458\"><span class=\"f charStyle-bd419927\"><span class=\"ps10282\"></span><span class=\"ps10282\">6</span><span class=\"ps18777\">%</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1541\"><div><div class=\"ps18779 ss976\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps2120 ss976\"><span class=\"f charStyle-bd419927 ps22\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18780 ss1542\"><div><div class=\"ps14312 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18782 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">271<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18783 ss1544\"><div><div class=\"ps2120 ss3\"><span class=\"f charStyle-bd419927 ps9182\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18785 ss1545\"><div><div class=\"ps2120 ss399\"><span class=\"f charStyle-bd419927 ps18784\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18786 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1547\"><div><div class=\"ps2120 ss62\"><span class=\"f charStyle-bd419927 ps10820\">368<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18787 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">320<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18789 ss1548\"><div><div class=\"ps2120 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18790 ss1549\"><div><div class=\"ps2120 ss722\"><span class=\"f charStyle-bd419927 ps11580\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18791 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">72<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18792 ss1550\"><div><div class=\"ps2120 ss458\"><span class=\"f charStyle-bd419927 ps17689\">430<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1690 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps22\">Loss allowance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18793 ss1551\"><div><div class=\"ps14309 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18795 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18797 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18798 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18088\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18799 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18801 ss1553\"><div><div class=\"ps961 ss62\"><span class=\"f charStyle-bd419927 ps18800\">(32)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18802 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18803 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18804 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18805 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18806 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-bd419927 ps17698\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Trade receivables have significant concentrations of credit risk in Truck and Bus Business Units. There is not a disproportionate concentration of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps18809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.35pt\">credit risk in any geographic region.</span></div><div class=\"ps18810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Industrial Activities businesses sell a significant portion of their trade receivables to Financial Services and provide compensation to Financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps18811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.37pt\">Services at approximate market interest rates.</span></div><div class=\"ps18812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:351.94pt\">, trade receivables for an amount of \u20ac11 million and \u20ac3 million, respectively, were written off by Iveco Group.</span></div><div class=\"ps18813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Charge-offs of principal amounts of trade receivables outstanding are deducted from the allowance at the point when it is estimated that amounts</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When recoveries are</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps18815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.74pt\">collected, these are recognised as income.</span></div><div class=\"ps18817 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Receivables from financing activities </span></div><div class=\"ps18822 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:186.42pt\">A summary of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps18818\" style=\"width:62.7pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18819\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18820\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18821\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18836 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18823\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps18824\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Retail:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Retail financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Finance leases<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">57<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15395\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Wholesale:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Dealer financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3994\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18830 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3994\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18832 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">73<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18833 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">95<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18834 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3994\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18835 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18837 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group provides and administers financing for retail purchases of new and used vehicles sold through its dealer network. The terms of retail</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18838 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and other notes and finance leases generally range from two to six years, and interest rates vary depending on prevailing market interest rates</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps18839 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:176.59pt\">and incentive programs offered by Industrial Activities.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Wholesale receivables arise primarily from the sale of goods to dealers, distributors and end customers and, to a lesser extent, the financing of</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">dealer operations. Under the standard terms of the wholesale receivable agreements, during the \u201cinterest free\u201d period, Financial Services is</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">compensated by Industrial Activities based on market interest rates. After the expiration of any \u201cinterest-free\u201d period, interest is charged to dealers</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">on outstanding balances until Iveco Group receives payment in full. The \u201cinterest-free\u201d periods are determined based on the type of vehicle sold</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">and the time of year of the sale. Iveco Group evaluates and assesses dealers on an ongoing basis as to their credit worthiness. Iveco Group may</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">be obliged to repurchase the dealer\u2019s vehicle upon cancellation or termination of the dealer\u2019s contract for such causes as change in ownership,</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:233.16pt\">closeout of the business, or default. There were no significant losses in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps10043\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18840\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18841\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18842\" style=\"width:149.96pt\"> relating to the termination of dealer contracts.</span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Iveco Group assesses and monitors the credit quality of its financing receivables based on whether a receivable is classified as Performing or</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Non-Performing. Financing receivables are considered past due if the required principal and interest payments have not yet been received as of</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.83pt\">the date such payments were due. Delinquency is reported on financing receivables greater than 30 days past due. </span><span class=\"f charStyle-24b91321 ps18843\" style=\"width:82.21pt\">Finance income for non-</span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.99pt\">performing receivables is recognised on a cash basis. Interest accrual is resumed if the receivable becomes contractual</span><span class=\"f charStyle-24b91321 ps18844\" style=\"width:81.93pt\">ly current and collections</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">becomes probable.</span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:189.98pt\">The ageing of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:63.58pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18845\" style=\"width:17.28pt\"> and </span><span class=\"f charStyle-24b91321 ps11816\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18846\" style=\"width:188.69pt\"> is as follows (receivables are primarily related to Europe</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.98pt\">region):</span></div><div class=\"ps18876 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,623<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,852<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(149)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps230 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">101<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,912<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,935<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">219<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">5,154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Receivables from financing activities have significant concentrations of credit risk in the Truck Business Unit. On a geographic basis, the credit</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps18880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.2pt\">risk concentration is mainly located into the Europe area.</span><span class=\"f charStyle-24b91321 ps18879\" style=\"width:2.05pt\"> </span></div><div class=\"ps18881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:455.64pt\">Iveco Group typically retains as collateral a security interest in the vehicles associated with retail notes, wholesale notes and finance leases.</span></div><div class=\"ps18882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For further information on credit risk for Receivables from financing activities and internal risk grades, see Note 30 \"Information on financial risks\",</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:75.76pt\">paragraph \u201cCredit risk\u201d.</span></div><div class=\"ps18885 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Loss a</span><span class=\"f charStyle-94965b2e ps18884\">llowance - Receivables from financing activities</span></div><div class=\"ps18890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.16pt\">Loss allowance for receivables from financing activities (retail and wholesale) </span><span class=\"f charStyle-24b91321 ps18886\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18887\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18888\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18889\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18970 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-81df793a ps18891\">Year ended 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18894 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18896 ss1563\"><div><div class=\"ps961 ss1562\"><span class=\"f charStyle-81df793a ps18895\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1564\"><div><div class=\"ps17220 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18903 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18906 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18907 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18911 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss630\"><div><div class=\"ps17222 ss3\"><span class=\"f charStyle-81df793a ps18912\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss3\"><span class=\"f charStyle-81df793a ps15893\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a ps18913\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18915 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18916 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18918 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18920 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18922 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18923 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18924 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18925 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18927 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18929 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18931 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18932 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18934 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18935 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18937 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18938 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18939 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18940 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18941 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13497 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18942 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18943 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18945 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18946 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18948 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18947\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18950 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18951 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18952 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18953 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps10991\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18954 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18955 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18956 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18957 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18958 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">149<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1572\"><div><div class=\"ps2180 ss764\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss764\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18961 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18962 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18963 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18964 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18965 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,361<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18966 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps966\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18967 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18969 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.38pt\">At </span><span class=\"f charStyle-24b91321 ps18971\" style=\"width:63.42pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18972\" style=\"width:180.95pt\">, the change in loss allowance for the retail portfolio is </span><span class=\"f charStyle-24b91321 ps18973\" style=\"width:222.33pt\">primarily due to utilization of allowance for write-offs, mainly on one</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:256.5pt\">customer in Italy and two in Romania, and the reversal on one Italian customer</span><span class=\"f charStyle-24b91321 ps18974\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:266.22pt\">For the wholesale portfolio, the change in loss allowance is mainly due to </span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.87pt\">the accruals related to the increase in individual allowances</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">concentrated on a few customers, partially offset by certain write-offs mainly on three customers in Italy, while the collective allowances</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.41pt\">decreased due to lower volumes covered</span><span class=\"f charStyle-24b91321 ps18975\" style=\"width:2.05pt\">.</span></div><div class=\"ps19026 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1583 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:92.25pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18978 ss1578\"><div><div class=\"ps961 ss1577\"><span class=\"f charStyle-81df793a ps18977\">Year ended 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18979 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15136 ss1579\"><div><div class=\"ps961 ss553\"><span class=\"f charStyle-81df793a ps18980\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1580\"><div><div class=\"ps17220 ss935\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18981 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18982 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5828 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18983 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15139 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18985 ss1581\"><div><div class=\"ps17224 ss316\"><span class=\"f charStyle-81df793a ps18984\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss316\"><span class=\"f charStyle-81df793a ps17228\">Lifetime ECL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18986 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18987 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18989 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18990 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18991 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18992 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18517 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18994 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18995 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18997 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18996\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18998 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18999 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11592\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19000 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19001 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18520 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19002 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13495 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19003 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19004 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19005 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19006 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19007 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps3824\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18523 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19009 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19010 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19011 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19012 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19013 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19014 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19015 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18526 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19016 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1582\"><div><div class=\"ps2180 ss935\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss935\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19017 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19018 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19019 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19020 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19021 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,701<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19023 ss321\"><div><div class=\"ps1327 ss316\"><span class=\"f charStyle-81df793a ps19022\">200<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19024 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">106<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19025 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19027 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.48pt\">At </span><span class=\"f charStyle-24b91321 ps11830\" style=\"width:63.62pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps11831\" style=\"width:402.99pt\">, the change in loss allowance for the retail portfolio was mainly related to the release of stage 2 collective allowances for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19028 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">four large Italian customers upon their upgrade from stage 2 to stage 1. For the wholesale portfolio, the change in loss allowance is mainly due to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19029 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the increase in individual allowances concentrated on a few customers, while the collective allowances remained flat compared to 31 December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2023.</span></div><div class=\"ps19031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.2pt\">In all periods, additions to and reversals from loss allowances have been included in cost of sales.</span></div><div class=\"ps13428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Further information on loss allowance for receivables from financing activities is provided in Note 30 \u201cInformation on financial risks\u201d, paragraph</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19032 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.11pt\">\u201cCredit risk\u201d.</span></div><div class=\"ps19033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Finance lease receivables mainly relate to vehicles leased out under finance lease arrangements. The interest rate implicit in the lease is</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps19034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">determined at the commencement of the lease for the whole lease term. The average interest rate implicit in total finance lease receivables varies</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.55pt\">depending on prevailing market interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps19042 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:232.76pt\">The item may be analysed as follows, stated gross of an allowance of \u20ac</span><span class=\"f charStyle-24b91321 ps19036\" style=\"width:8.2pt\">57<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19037\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps19038\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19039\" style=\"width:8.6pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps19040\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps19041\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps13135\" style=\"width:62.7pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9373\" style=\"width:4.5pt\">):</span></div><div class=\"ps19050 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19043 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">38<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">27<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">17<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19045 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19047 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Undiscounted receivables for future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Unearned finance income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18830 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Present value of future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15417 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15418 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other current receivables</span></div><div class=\"ps4541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.32pt\">At </span><span class=\"f charStyle-24b91321 ps19051\" style=\"width:65.3pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps5743\" style=\"width:400.35pt\">, Other current receivables mainly consisted of other tax receivables for VAT and other indirect taxes of \u20ac335 million<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps11988 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.01pt\">(\u20ac240\u00a0million at </span><span class=\"f charStyle-24b91321 ps18565\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8231\" style=\"width:208.09pt\">), and receivables from employees of \u20ac18 million (\u20ac14 million at </span><span class=\"f charStyle-24b91321 ps19052\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps6723\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps19053\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transfers of financial receivables</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.4pt\">The Group transfers a number of its financial receivables to securitisation programs or factoring transactions.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">A securitisation transaction entails the sale of a portfolio of receivables to a securitisation vehicle. This structured entity finances the purchase of</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">the receivables through asset-backed financing. Asset-backed financing are divided into classes according to their degree of seniority and rating:</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the most senior classes are placed with investors on the market; the junior class, whose repayment is subordinated to the senior classes, is</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">normally subscribed for by the seller. The residual interest in the receivables retained by the seller is therefore limited to the junior securities it has</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.12pt\">subscribed for. In accordance with IFRS 10 \u2013 </span><span class=\"f charStyle-50993fa8 ps19058\" style=\"width:117.64pt\">Consolidated Financial Statements</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:194.24pt\">, all securitisation vehicles are included in the scope of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">consolidation because the subscription of the junior note of the asset-backed securitisation by the seller implies its control in substance over the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:54.5pt\">structured entity.</span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Furthermore, factoring transactions may be either with recourse or without recourse; without recourse transfers include deferred payment clauses</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">(for example, when the payment by the factor of a minor part of the purchase price is dependent on the total amount collected from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">receivables), requiring first loss cover, meaning that the transferor takes priority participation in the losses, or requires a significant exposure to the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">cash flows arising from the transferred receivables to be retained. These types of transactions do not comply with the requirements of IFRS 9 \u2013</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:70.58pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps19060\" style=\"width:405.38pt\"> for the derecognition of the assets, since the risks and rewards connected with collection are not substantially transferred<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">and, accordingly, the Group continues to recognise the receivables transferred by this means in its Consolidated Statement of Financial Position</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:314.63pt\">and recognises a financial liability of the same amount under Asset-backed financing (see Note <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19061\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps19062\" style=\"width:153.18pt\"> \u201cDebt\u201d). The gains and losses arising from the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:259.43pt\">transfer of these assets are only recognised when the assets are derecognised.</span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.33pt\">At </span><span class=\"f charStyle-24b91321 ps19063\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19064\" style=\"width:400.32pt\">, the carrying amounts of such transferred financial assets not derecognised (constituted entirely of Receivables from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.49pt\">financing activities) amounted to \u20ac3,019 million (\u20ac</span><span class=\"f charStyle-24b91321 ps19065\" style=\"width:18.45pt\">3,410</span><span class=\"f charStyle-24b91321 ps19066\" style=\"width:38.2pt\"> million at </span><span class=\"f charStyle-24b91321 ps19067\" style=\"width:66.06pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19068\" style=\"width:181.81pt\">) and the related liability amounted to \u20ac3,019 million</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:18.45pt\">3,410</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:34.12pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps19069\" style=\"width:63.34pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19070\" style=\"width:16.21pt\">). At </span><span class=\"f charStyle-24b91321 ps19071\" style=\"width:63.34pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19072\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-24b91321 ps162\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19073\" style=\"width:240.58pt\">, the carrying amount of assets and of the related liabilities were equal to</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:87.67pt\">their respective fair values.</span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.63pt\">Iveco Group has discounted receivables and bills without recourse having due dates beyond </span><span class=\"f charStyle-24b91321 ps19074\" style=\"width:65.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19075\" style=\"width:91.19pt\"> amounting to \u20ac280 million</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.01pt\">(\u20ac325\u00a0million at </span><span class=\"f charStyle-24b91321 ps18565\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8231\" style=\"width:219.65pt\">, with due dates beyond that date), which refer to trade receivables.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-610": {
   "value": "<div class=\"ps18608 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">17. Current receivables and Other current financial assets </span></div><div class=\"ps18614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:243.8pt\">A summary of Current receivables and Other current financial assets as of </span><span class=\"f charStyle-24b91321 ps18609\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18610\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18611\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18612\" style=\"width:43.83pt\"> is as follows:</span><span class=\"f charStyle-24b91321 ps18613\" style=\"width:2.05pt\"> </span></div><div class=\"ps18632 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:292.5pt\"></td><td style=\"padding:0;width:90pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1520\"><div><div class=\"ps18615 ss1519\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18617 ss1521\"><div><div class=\"ps301 ss381\"><span class=\"f charStyle-81df793a ps18616\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5282 ss1521\"><div><div class=\"ps301 ss381\"><span class=\"f charStyle-81df793a ps18616\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2328 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18618 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">336<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18619 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">405<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18620 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5286\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18621 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5286\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Current tax receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18622 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">142<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">133<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Other current receivables and financial assets:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps767 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps8271\">Other current receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18624 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">463<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18625 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">366<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6775 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps8271\">Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18626 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5334\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18627 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">104<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10981 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-bd419927 ps22\">Total Other current receivables and financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18628 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">497<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18629 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5363\">470<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1522\"><div><div class=\"ps961 ss1519\"><span class=\"f charStyle-81df793a ps22\">Total Current receivables and Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18630 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-81df793a ps5286\">5,806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18631 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-81df793a ps5286\">6,193<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18633 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:308.55pt\">An analysis of Current receivables and Other current financial assets by due date is as follows:</span></div><div class=\"ps15522 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:105.75pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:30.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:30pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"7\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6642 ss1524\"><div><div class=\"ps961 ss1523\"><span class=\"f charStyle-81df793a ps18634\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18617 ss1526\"><div><div class=\"ps961 ss1525\"><span class=\"f charStyle-81df793a ps18635\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss448\"><div><div class=\"ps17220 ss444\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6648 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps18636\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18637\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18639 ss633\"><div><div class=\"ps17222 ss605\"><span class=\"f charStyle-81df793a ps14660\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps14695\">one and five </span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18638\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18640 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps6169\">due beyond <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps2528\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1527\"><div><div class=\"ps9284 ss1013\"><span class=\"f charStyle-81df793a ps17933\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18641 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps18636\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18637\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18642 ss633\"><div><div class=\"ps17222 ss605\"><span class=\"f charStyle-81df793a ps14660\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps14695\">one and five </span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps18638\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss633\"><div><div class=\"ps17224 ss605\"><span class=\"f charStyle-81df793a ps6169\">due beyond <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss605\"><span class=\"f charStyle-81df793a ps2528\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18643 ss1211\"><div><div class=\"ps9284 ss1003\"><span class=\"f charStyle-81df793a ps15855\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6660 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">336<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18645 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18646 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18647 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">336<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18648 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">405<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18649 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18650 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18651 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">405<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1528\"><div><div class=\"ps9140 ss444\"><span class=\"f charStyle-bd419927 ps22\">Receivables from financing <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss444\"><span class=\"f charStyle-bd419927 ps22\">activities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6665 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps6644\">4,793<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18652 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps9175\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18653 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1529\"><div><div class=\"ps9141 ss1013\"><span class=\"f charStyle-81df793a ps17946\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18655 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps6644\">5,128<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18656 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps9175\">57<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18657 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18658 ss1530\"><div><div class=\"ps9141 ss1003\"><span class=\"f charStyle-81df793a ps18577\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Current tax receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18659 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">139<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18660 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18661 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18662 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">142<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18663 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">126<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18664 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15409 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18665 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">133<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Other current receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18666 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">379<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18667 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18668 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">44<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18669 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps17957\">463<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18670 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">351<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18671 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18672 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18673 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">366<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps22\">Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18674 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18675 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18676 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18677 ss1430\"><div><div class=\"ps961 ss1013\"><span class=\"f charStyle-81df793a ps18094\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18678 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9154\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18679 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18680 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18681 ss1427\"><div><div class=\"ps961 ss1003\"><span class=\"f charStyle-81df793a ps17935\">104<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18682 ss1528\"><div><div class=\"ps13102 ss444\"><span class=\"f charStyle-81df793a ps22\">Total Current receivables and <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss444\"><span class=\"f charStyle-81df793a ps22\">Other current financial assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18683 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps6644\">5,681<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18684 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9175\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18685 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9175\">44<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18686 ss1529\"><div><div class=\"ps9141 ss1013\"><span class=\"f charStyle-81df793a ps17946\">5,806<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18687 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps6644\">6,114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18688 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9175\">76<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18689 ss619\"><div><div class=\"ps9141 ss605\"><span class=\"f charStyle-81df793a ps9186\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18690 ss1530\"><div><div class=\"ps9141 ss1003\"><span class=\"f charStyle-81df793a ps18577\">6,193<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Trade receivables</span></div><div class=\"ps16722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:20.88pt\">As of </span><span class=\"f charStyle-24b91321 ps18692\" style=\"width:64.72pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18693\" style=\"width:18.42pt\"> and </span><span class=\"f charStyle-24b91321 ps18694\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1519\" style=\"width:138.22pt\">, Iveco Group had trade receivables of \u20ac</span><span class=\"f charStyle-24b91321 ps18695\" style=\"width:12.3pt\">336</span><span class=\"f charStyle-24b91321 ps18696\" style=\"width:46.44pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18697\" style=\"width:12.3pt\">405</span><span class=\"f charStyle-24b91321 ps18698\" style=\"width:146.36pt\"> million, respectively. Trade receivables are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:112.05pt\">shown net of loss allowances of \u20ac</span><span class=\"f charStyle-24b91321 ps18699\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps18700\" style=\"width:44.52pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18701\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18702\" style=\"width:34.27pt\"> million at </span><span class=\"f charStyle-24b91321 ps18703\" style=\"width:63.44pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18704\" style=\"width:17.14pt\"> and </span><span class=\"f charStyle-24b91321 ps18705\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18706\" style=\"width:171.84pt\">, respectively. The allowances are determined using</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps18708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.73pt\">the simplified approach as permitted by IFRS 9 for trade receivables, consisting in the use of lifetime expected loss.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:196.67pt\">Changes in the loss allowances for trade receivables during </span><span class=\"f charStyle-24b91321 ps18709\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18712\" style=\"width:54.48pt\"> were as follows:</span><span class=\"f charStyle-24b91321 ps18713\" style=\"width:2.05pt\"> </span></div><div class=\"ps18727 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:261pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1532\"><div><div class=\"ps8886 ss1531\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18714 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18715 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18717 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18718 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18719 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18716\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18721 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Write-offs and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18723 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18722\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18724 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18725 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">32<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18726 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.46pt\">The allowances at </span><span class=\"f charStyle-24b91321 ps18728\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18729\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18730\" style=\"width:205.72pt\"> have been determined using the following expected loss rates:</span></div><div class=\"ps18807 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:27pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:23.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18733 ss597\"><div><div class=\"ps961 ss596\"><span class=\"f charStyle-81df793a ps18732\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5980 ss414\"><div><div class=\"ps961 ss413\"><span class=\"f charStyle-81df793a ps18734\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18736 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18739 ss1238\"><div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps18737\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps18738\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18742 ss1240\"><div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18740\">61-90 days<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps18741\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18743 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss94\"><div><div class=\"ps2250 ss62\"><span class=\"f charStyle-81df793a ps18744\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5985 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18747 ss1284\"><div><div class=\"ps2249 ss1188\"><span class=\"f charStyle-81df793a ps18745\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps18746\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18751 ss1236\"><div><div class=\"ps2248 ss722\"><span class=\"f charStyle-81df793a ps18748\">61-90 <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss722\"><span class=\"f charStyle-81df793a ps18749\">days</span></div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps18750\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18753 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1533\"><div><div class=\"ps9140 ss976\"><span class=\"f charStyle-bd419927 ps22\">Expected loss rate <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss976\"><span class=\"f charStyle-bd419927 ps22\">(in %)</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18754 ss1535\"><div><div class=\"ps15197 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">%<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18757 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18760 ss617\"><div><div class=\"ps9141 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps18758\"></span><span class=\"ps18758\">\u2014</span><span class=\"ps18759\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18763 ss1537\"><div><div class=\"ps9141 ss399\"><span class=\"f charStyle-bd419927\"><span class=\"ps18761\"></span><span class=\"ps18761\">\u2014</span><span class=\"ps18762\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18766 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">32</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18768 ss104\"><div><div class=\"ps9141 ss62\"><span class=\"f charStyle-bd419927\"><span class=\"ps13844\"></span><span class=\"ps13844\">9</span><span class=\"ps18767\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18769 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18772 ss1538\"><div><div class=\"ps9141 ss1188\"><span class=\"f charStyle-bd419927\"><span class=\"ps18770\"></span><span class=\"ps18770\">\u2014</span><span class=\"ps18771\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18775 ss1539\"><div><div class=\"ps9141 ss722\"><span class=\"f charStyle-bd419927\"><span class=\"ps18773\"></span><span class=\"ps18773\">\u2014</span><span class=\"ps18774\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18776 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">29</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18778 ss1540\"><div><div class=\"ps9141 ss458\"><span class=\"f charStyle-bd419927\"><span class=\"ps10282\"></span><span class=\"ps10282\">6</span><span class=\"ps18777\">%</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1541\"><div><div class=\"ps18779 ss976\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps2120 ss976\"><span class=\"f charStyle-bd419927 ps22\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18780 ss1542\"><div><div class=\"ps14312 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18782 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">271<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18783 ss1544\"><div><div class=\"ps2120 ss3\"><span class=\"f charStyle-bd419927 ps9182\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18785 ss1545\"><div><div class=\"ps2120 ss399\"><span class=\"f charStyle-bd419927 ps18784\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18786 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1547\"><div><div class=\"ps2120 ss62\"><span class=\"f charStyle-bd419927 ps10820\">368<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18787 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">320<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18789 ss1548\"><div><div class=\"ps2120 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18790 ss1549\"><div><div class=\"ps2120 ss722\"><span class=\"f charStyle-bd419927 ps11580\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18791 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">72<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18792 ss1550\"><div><div class=\"ps2120 ss458\"><span class=\"f charStyle-bd419927 ps17689\">430<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1690 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps22\">Loss allowance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18793 ss1551\"><div><div class=\"ps14309 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18795 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18797 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18798 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18088\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18799 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18801 ss1553\"><div><div class=\"ps961 ss62\"><span class=\"f charStyle-bd419927 ps18800\">(32)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18802 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18803 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18804 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18805 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18806 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-bd419927 ps17698\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Trade receivables have significant concentrations of credit risk in Truck and Bus Business Units. There is not a disproportionate concentration of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps18809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.35pt\">credit risk in any geographic region.</span></div><div class=\"ps18810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Industrial Activities businesses sell a significant portion of their trade receivables to Financial Services and provide compensation to Financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps18811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.37pt\">Services at approximate market interest rates.</span></div><div class=\"ps18812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:351.94pt\">, trade receivables for an amount of \u20ac11 million and \u20ac3 million, respectively, were written off by Iveco Group.</span></div><div class=\"ps18813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Charge-offs of principal amounts of trade receivables outstanding are deducted from the allowance at the point when it is estimated that amounts</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When recoveries are</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps18815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.74pt\">collected, these are recognised as income.</span></div><div class=\"ps18817 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Receivables from financing activities </span></div><div class=\"ps18822 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:186.42pt\">A summary of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps18818\" style=\"width:62.7pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18819\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18820\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18821\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18836 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps18823\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps18824\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Retail:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Retail financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps18497\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Finance leases<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">51<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">57<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps16845\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15395\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Wholesale:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps8271\">Dealer financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps3994\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18830 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3994\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18832 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927 ps16845\">73<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18833 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">95<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18834 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a ps3994\">4,831<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18835 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">5,185<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18837 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Iveco Group provides and administers financing for retail purchases of new and used vehicles sold through its dealer network. The terms of retail</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18838 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and other notes and finance leases generally range from two to six years, and interest rates vary depending on prevailing market interest rates</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps18839 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:176.59pt\">and incentive programs offered by Industrial Activities.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Wholesale receivables arise primarily from the sale of goods to dealers, distributors and end customers and, to a lesser extent, the financing of</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">dealer operations. Under the standard terms of the wholesale receivable agreements, during the \u201cinterest free\u201d period, Financial Services is</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">compensated by Industrial Activities based on market interest rates. After the expiration of any \u201cinterest-free\u201d period, interest is charged to dealers</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">on outstanding balances until Iveco Group receives payment in full. The \u201cinterest-free\u201d periods are determined based on the type of vehicle sold</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">and the time of year of the sale. Iveco Group evaluates and assesses dealers on an ongoing basis as to their credit worthiness. Iveco Group may</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">be obliged to repurchase the dealer\u2019s vehicle upon cancellation or termination of the dealer\u2019s contract for such causes as change in ownership,</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:233.16pt\">closeout of the business, or default. There were no significant losses in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps10043\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18840\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18841\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18842\" style=\"width:149.96pt\"> relating to the termination of dealer contracts.</span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Iveco Group assesses and monitors the credit quality of its financing receivables based on whether a receivable is classified as Performing or</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Non-Performing. Financing receivables are considered past due if the required principal and interest payments have not yet been received as of</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.83pt\">the date such payments were due. Delinquency is reported on financing receivables greater than 30 days past due. </span><span class=\"f charStyle-24b91321 ps18843\" style=\"width:82.21pt\">Finance income for non-</span></div><div class=\"ps3381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.99pt\">performing receivables is recognised on a cash basis. Interest accrual is resumed if the receivable becomes contractual</span><span class=\"f charStyle-24b91321 ps18844\" style=\"width:81.93pt\">ly current and collections</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">becomes probable.</span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:189.98pt\">The ageing of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:63.58pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18845\" style=\"width:17.28pt\"> and </span><span class=\"f charStyle-24b91321 ps11816\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18846\" style=\"width:188.69pt\"> is as follows (receivables are primarily related to Europe</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.98pt\">region):</span></div><div class=\"ps18876 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,623<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,852<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(149)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps230 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">101<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,912<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,935<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">219<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">5,154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Receivables from financing activities have significant concentrations of credit risk in the Truck Business Unit. On a geographic basis, the credit</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps18880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.2pt\">risk concentration is mainly located into the Europe area.</span><span class=\"f charStyle-24b91321 ps18879\" style=\"width:2.05pt\"> </span></div><div class=\"ps18881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:455.64pt\">Iveco Group typically retains as collateral a security interest in the vehicles associated with retail notes, wholesale notes and finance leases.</span></div><div class=\"ps18882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For further information on credit risk for Receivables from financing activities and internal risk grades, see Note 30 \"Information on financial risks\",</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:75.76pt\">paragraph \u201cCredit risk\u201d.</span></div><div class=\"ps18885 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Loss a</span><span class=\"f charStyle-94965b2e ps18884\">llowance - Receivables from financing activities</span></div><div class=\"ps18890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.16pt\">Loss allowance for receivables from financing activities (retail and wholesale) </span><span class=\"f charStyle-24b91321 ps18886\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18887\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18888\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18889\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18970 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-81df793a ps18891\">Year ended 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18894 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18896 ss1563\"><div><div class=\"ps961 ss1562\"><span class=\"f charStyle-81df793a ps18895\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1564\"><div><div class=\"ps17220 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18903 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18906 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18907 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18911 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss630\"><div><div class=\"ps17222 ss3\"><span class=\"f charStyle-81df793a ps18912\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss3\"><span class=\"f charStyle-81df793a ps15893\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a ps18913\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18915 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18916 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18918 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18920 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18922 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18923 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18924 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18925 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18927 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18929 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18931 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18932 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18934 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18935 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18937 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18938 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18939 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18940 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18941 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13497 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18942 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18943 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18945 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18946 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18948 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18947\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18950 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18951 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18952 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18953 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps10991\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18954 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18955 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18956 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18957 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18958 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">149<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1572\"><div><div class=\"ps2180 ss764\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss764\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18961 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18962 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18963 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18964 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18965 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,361<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18966 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps966\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18967 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18969 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.38pt\">At </span><span class=\"f charStyle-24b91321 ps18971\" style=\"width:63.42pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18972\" style=\"width:180.95pt\">, the change in loss allowance for the retail portfolio is </span><span class=\"f charStyle-24b91321 ps18973\" style=\"width:222.33pt\">primarily due to utilization of allowance for write-offs, mainly on one</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:256.5pt\">customer in Italy and two in Romania, and the reversal on one Italian customer</span><span class=\"f charStyle-24b91321 ps18974\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:266.22pt\">For the wholesale portfolio, the change in loss allowance is mainly due to </span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.87pt\">the accruals related to the increase in individual allowances</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">concentrated on a few customers, partially offset by certain write-offs mainly on three customers in Italy, while the collective allowances</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.41pt\">decreased due to lower volumes covered</span><span class=\"f charStyle-24b91321 ps18975\" style=\"width:2.05pt\">.</span></div><div class=\"ps19026 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1583 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:92.25pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18978 ss1578\"><div><div class=\"ps961 ss1577\"><span class=\"f charStyle-81df793a ps18977\">Year ended 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18979 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15136 ss1579\"><div><div class=\"ps961 ss553\"><span class=\"f charStyle-81df793a ps18980\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1580\"><div><div class=\"ps17220 ss935\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18981 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18982 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5828 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18983 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15139 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18985 ss1581\"><div><div class=\"ps17224 ss316\"><span class=\"f charStyle-81df793a ps18984\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss316\"><span class=\"f charStyle-81df793a ps17228\">Lifetime ECL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18986 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18987 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18989 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18990 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18991 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18992 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18517 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18994 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18995 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18997 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18996\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18998 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18999 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11592\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19000 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19001 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18520 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19002 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13495 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19003 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19004 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19005 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19006 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19007 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps3824\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18523 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19009 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19010 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19011 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19012 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19013 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19014 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19015 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18526 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19016 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1582\"><div><div class=\"ps2180 ss935\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss935\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19017 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19018 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19019 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19020 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19021 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,701<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19023 ss321\"><div><div class=\"ps1327 ss316\"><span class=\"f charStyle-81df793a ps19022\">200<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19024 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">106<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19025 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19027 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.48pt\">At </span><span class=\"f charStyle-24b91321 ps11830\" style=\"width:63.62pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps11831\" style=\"width:402.99pt\">, the change in loss allowance for the retail portfolio was mainly related to the release of stage 2 collective allowances for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19028 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">four large Italian customers upon their upgrade from stage 2 to stage 1. For the wholesale portfolio, the change in loss allowance is mainly due to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19029 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the increase in individual allowances concentrated on a few customers, while the collective allowances remained flat compared to 31 December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2023.</span></div><div class=\"ps19031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.2pt\">In all periods, additions to and reversals from loss allowances have been included in cost of sales.</span></div><div class=\"ps13428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Further information on loss allowance for receivables from financing activities is provided in Note 30 \u201cInformation on financial risks\u201d, paragraph</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19032 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.11pt\">\u201cCredit risk\u201d.</span></div><div class=\"ps19033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Finance lease receivables mainly relate to vehicles leased out under finance lease arrangements. The interest rate implicit in the lease is</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps19034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">determined at the commencement of the lease for the whole lease term. The average interest rate implicit in total finance lease receivables varies</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.55pt\">depending on prevailing market interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps19042 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:232.76pt\">The item may be analysed as follows, stated gross of an allowance of \u20ac</span><span class=\"f charStyle-24b91321 ps19036\" style=\"width:8.2pt\">57<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19037\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps19038\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19039\" style=\"width:8.6pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps19040\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps19041\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps13135\" style=\"width:62.7pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9373\" style=\"width:4.5pt\">):</span></div><div class=\"ps19050 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19043 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">38<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">27<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">17<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19045 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19047 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Undiscounted receivables for future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Unearned finance income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18830 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Present value of future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15417 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15418 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps4539 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other current receivables</span></div><div class=\"ps4541 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.32pt\">At </span><span class=\"f charStyle-24b91321 ps19051\" style=\"width:65.3pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps5743\" style=\"width:400.35pt\">, Other current receivables mainly consisted of other tax receivables for VAT and other indirect taxes of \u20ac335 million<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps11988 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.01pt\">(\u20ac240\u00a0million at </span><span class=\"f charStyle-24b91321 ps18565\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8231\" style=\"width:208.09pt\">), and receivables from employees of \u20ac18 million (\u20ac14 million at </span><span class=\"f charStyle-24b91321 ps19052\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps6723\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps19053\" style=\"width:2.05pt\"> </span></div><div class=\"ps6921 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other current financial assets</span></div><div class=\"ps19054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:358.5pt\">, Other current financial assets primarily consist of current securities and short-term deposits and investments.<span class=\"f ps13\"> </span></span></div><div class=\"ps6592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:35.47pt\">See Note </span><span class=\"f charStyle-24b91321 ps19055\" style=\"width:8.2pt\">30<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19056\" style=\"width:432.22pt\"> \u201cInformation on financial risks\u201d for additional information on the credit risk to which Iveco Group is exposed and the way it is</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps6594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.47pt\">managed by the Group.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transfers of financial receivables</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.4pt\">The Group transfers a number of its financial receivables to securitisation programs or factoring transactions.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">A securitisation transaction entails the sale of a portfolio of receivables to a securitisation vehicle. This structured entity finances the purchase of</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">the receivables through asset-backed financing. Asset-backed financing are divided into classes according to their degree of seniority and rating:</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the most senior classes are placed with investors on the market; the junior class, whose repayment is subordinated to the senior classes, is</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">normally subscribed for by the seller. The residual interest in the receivables retained by the seller is therefore limited to the junior securities it has</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.12pt\">subscribed for. In accordance with IFRS 10 \u2013 </span><span class=\"f charStyle-50993fa8 ps19058\" style=\"width:117.64pt\">Consolidated Financial Statements</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:194.24pt\">, all securitisation vehicles are included in the scope of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">consolidation because the subscription of the junior note of the asset-backed securitisation by the seller implies its control in substance over the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:54.5pt\">structured entity.</span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Furthermore, factoring transactions may be either with recourse or without recourse; without recourse transfers include deferred payment clauses</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">(for example, when the payment by the factor of a minor part of the purchase price is dependent on the total amount collected from the</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">receivables), requiring first loss cover, meaning that the transferor takes priority participation in the losses, or requires a significant exposure to the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">cash flows arising from the transferred receivables to be retained. These types of transactions do not comply with the requirements of IFRS 9 \u2013</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:70.58pt\">Financial Instruments</span><span class=\"f charStyle-24b91321 ps19060\" style=\"width:405.38pt\"> for the derecognition of the assets, since the risks and rewards connected with collection are not substantially transferred<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">and, accordingly, the Group continues to recognise the receivables transferred by this means in its Consolidated Statement of Financial Position</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:314.63pt\">and recognises a financial liability of the same amount under Asset-backed financing (see Note <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19061\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps19062\" style=\"width:153.18pt\"> \u201cDebt\u201d). The gains and losses arising from the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:259.43pt\">transfer of these assets are only recognised when the assets are derecognised.</span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:10.33pt\">At </span><span class=\"f charStyle-24b91321 ps19063\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19064\" style=\"width:400.32pt\">, the carrying amounts of such transferred financial assets not derecognised (constituted entirely of Receivables from</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.49pt\">financing activities) amounted to \u20ac3,019 million (\u20ac</span><span class=\"f charStyle-24b91321 ps19065\" style=\"width:18.45pt\">3,410</span><span class=\"f charStyle-24b91321 ps19066\" style=\"width:38.2pt\"> million at </span><span class=\"f charStyle-24b91321 ps19067\" style=\"width:66.06pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19068\" style=\"width:181.81pt\">) and the related liability amounted to \u20ac3,019 million</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:18.45pt\">3,410</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:34.12pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps19069\" style=\"width:63.34pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19070\" style=\"width:16.21pt\">). At </span><span class=\"f charStyle-24b91321 ps19071\" style=\"width:63.34pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19072\" style=\"width:17.04pt\"> and </span><span class=\"f charStyle-24b91321 ps162\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19073\" style=\"width:240.58pt\">, the carrying amount of assets and of the related liabilities were equal to</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:87.67pt\">their respective fair values.</span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.63pt\">Iveco Group has discounted receivables and bills without recourse having due dates beyond </span><span class=\"f charStyle-24b91321 ps19074\" style=\"width:65.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19075\" style=\"width:91.19pt\"> amounting to \u20ac280 million</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.01pt\">(\u20ac325\u00a0million at </span><span class=\"f charStyle-24b91321 ps18565\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps8231\" style=\"width:219.65pt\">, with due dates beyond that date), which refer to trade receivables.</span></div><div class=\"ps508 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">18. Derivative assets and Derivative liabilities</span><span class=\"f charStyle-320874d1 ps19096\"> </span></div><div class=\"ps2776 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:338.06pt\">These items consist of derivative financial instruments measured at fair value at the balance sheet date.</span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group utilises derivative instruments to mitigate its exposure to interest rate and foreign currency exposures. Derivatives used as hedges</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">are effective at reducing the risk associated with the exposure being hedged and are designated as a hedge at the inception of the derivative</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">contract. Iveco Group does not hold or enter into derivative or other financial instruments for speculative purposes. The credit and market risk</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">related to derivatives is reduced through diversification among various counterparties. Derivative instruments are generally classified as Level 2 in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps514 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.61pt\">the fair value hierarchy.</span></div><div class=\"ps5256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">The fair value of derivative financial instruments is based on valid market price, if available. The fair value of derivative financial instruments that<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">are not traded in an active market is determined by using valuation techniques, based on observable market data. If all significant inputs required</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">to determine the fair value of an instrument are based on observable market data, the instrument is included in Level 2. The basis for the interest</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">is the zero-coupon-curve in each currency, which is used to calculate the present value of all the estimated future cash flows. For forward</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">exchange contracts the basis is the forward premium based on current spot rate for each currency and future date. The fair value is then</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.9pt\">discounted based on the observable interest yield curves as per the balance sheet date.<span class=\"f ps13\"> </span></span></div><div class=\"ps5809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.91pt\">In accordance with IFRS 9 -</span><span class=\"f charStyle-50993fa8 ps19097\" style=\"width:72.48pt\"> Financial Instruments</span><span class=\"f charStyle-24b91321 ps19098\" style=\"width:311.63pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">hedge, there is formal designation and documentation of the hedging relationship, there is an economic relationship between the hedging</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">instrument and the hedged item, credit risk does not dominate the value changes that result from the economic relationship, and the hedging</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">relationship\u2019s hedging ratio reflects the actual quantity of the hedging instrument and the hedged item. Hedge effectiveness is determined at the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3266 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">inception of the hedge relationship and through periodic prospective effectiveness assessments to ensure that an economic relationship exists</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps2787 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:163.93pt\">between the hedged item and hedging instrument.</span></div><div class=\"ps3268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.06pt\">Further description of the risk management exposures and strategies for interest rate and currency risk is presented in Note\u00a0</span><span class=\"f charStyle-24b91321 ps19099\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps19100\" style=\"width:52.74pt\"> \u201cInformation on</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">financial risks\u201d, paragraph \u201cMarket risk\u201d together with sensitivity analysis assessing the potential impact of changes in interest rates and foreign</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:36.05pt\">currencies.</span></div><div class=\"ps2791 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">With regard to hedge accounting, Iveco Group continues to monitor significant developments in order to assess the potential future impacts of</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps6380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">current macroeconomic and geopolitical issues, energy and material price variability, on the hedging relationships in place and to update its</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.19pt\">estimates concerning whether forecasted transactions can still be considered highly likely to occur</span><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Foreign Exchange Derivatives</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Iveco Group has entered into foreign exchange forward contracts and swaps in order to manage and preserve the economic value of cash flows<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">in a currency different from the functional currency of the relevant legal entity. Iveco Group conducts its business on a global basis in a wide</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">variety of foreign currencies and hedges foreign currency exposures arising from various receivables, liabilities, and expected inventory</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">purchases and sales. Derivative instruments utilised to hedge the foreign currency risk associated with anticipated inventory purchases and sales</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">in foreign currencies are designated as cash flow hedges. Gains and losses on these instruments are deferred in accumulated other</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:306.9pt\">comprehensive income/(loss) and recognised in earnings when the related transaction occurs.</span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">For hedging cash flows in a currency different from the functional currency, the hedge relationship reflects the hedge ratio of 1:1, which means</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">that relationship is characterised by the value of the hedging instrument and the value of the hedged item moving in the opposite direction as a</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:155.3pt\">result of the common underlying of hedged risk.</span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.91pt\">The main sources of hedge ineffectiveness are:</span></div><div class=\"ps1270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">the effect of the counterparty and the Group\u2019s own credit risk on the fair value of the foreign exchange derivatives, which is not reflected in the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:313.95pt\">change in the fair value of the hedged cash flow attributable to the change in the exchange rates</span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:144.67pt\">changes in timing of the hedged transaction.</span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Ineffectiveness related to these hedge relationships is recognised in the Consolidated Income Statement in the line \u201cFinancial expenses\u201d and was</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">not significant for all periods presented. The maturity of these instruments does not exceed 24 months and the after-tax gains/(losses) deferred in</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps3253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">other comprehensive income/(loss) that will be recognised in net revenues and cost of sales over the next twelve months, assuming foreign</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">exchange rates remain unchanged, is \u20ac-4 million. If a derivative instrument is terminated because the hedge relationship is no longer effective or</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">because the hedged item is a forecasted transaction that is no longer determined to be probable, the cumulative amount recorded in accumulated<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:429.76pt\">other comprehensive income/(loss) is recognised immediately in earnings. Such amounts were insignificant in all periods presented.</span></div><div class=\"ps1224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group also uses forwards and swaps to hedge assets and liabilities denominated in foreign currencies. Such derivatives are considered</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">economic hedges and not designated as hedging instruments. The changes in the fair values of these instruments are recognised directly in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1227 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">income statement as Financial income or Financial expenses and are expected to offset the foreign exchange gains or losses on the exposures</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.87pt\">being managed.</span></div><div class=\"ps1232 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">All of Iveco Group\u2019s foreign exchange derivatives are considered Level 2 as the fair value is calculated using market data input and can be</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1233 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.89pt\">compared to actively traded derivatives.</span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Interest Rate Derivatives</span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Iveco Group has entered into interest rate derivatives (swaps) in order to manage interest rate exposures arising in the normal course of</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">business. Interest rate derivatives that have been designated as cash flow hedges are being used by Iveco Group to mitigate the risk of rising</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps5802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest rates related to existing debt and anticipated issuance of fixed-rate debt in future periods. Gains and losses on these instruments, to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">extent that the hedge relationship has been effective, are deferred in other comprehensive income/(loss) and recognised in Financial income or</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Financial expenses over the period in which Iveco Group recognises interest expense on the related debt. The after-tax gains (losses) deferred in</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:408.08pt\">other comprehensive income/(loss) that will be recognised in interest expense over the next twelve months were insignificant.</span></div><div class=\"ps5257 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">For hedging interest rate exposures, the hedge relationship reflects the hedge ratio 1:1, which means that relationship is characterised by the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">value of the hedging instrument and the value of the hedged item that move in the opposite direction as a result of the common underlying of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1251 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.16pt\">hedged risk.</span></div><div class=\"ps6264 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.91pt\">The main sources of hedge ineffectiveness are:</span></div><div class=\"ps7738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">the effect of the counterparty and the Group\u2019s own credit risk on the fair value of the swaps, which is not reflected in the change in the fair value</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps1256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:227.87pt\">of the hedged cash flow attributable to the change in the interest rates</span></div><div class=\"ps525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:226.19pt\">differences in repricing dates between the swaps and the borrowings.</span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Any ineffectiveness should be recorded in \u201cFinancial expenses\u201d in the Consolidated Income Statement. Such amounts were insignificant in all<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.06pt\">periods presented.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:211.13pt\">All of Iveco Group\u2019s interest rate derivatives outstanding as of </span><span class=\"f charStyle-24b91321 ps19102\" style=\"width:64.44pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19103\" style=\"width:18.14pt\"> and </span><span class=\"f charStyle-24b91321 ps19104\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19105\" style=\"width:165.99pt\"> are considered Level 2. The fair market value of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:347.09pt\">these derivatives is calculated using market data input and can be compared to actively traded derivatives.<span class=\"f ps13\"> </span></span></div><div class=\"ps19106 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Financial statement impact of Iveco Group derivatives</span></div><div class=\"ps19107 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">The following table summarises the gross impact of changes in the fair value of derivatives recognised in Other comprehensive income and in the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps19112 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:137.7pt\">income statement during the years ended </span><span class=\"f charStyle-24b91321 ps19108\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19109\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19110\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19111\" style=\"width:2.05pt\">:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:339pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1587\"><div><div class=\"ps8886 ss1586\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #ffffff;padding:0\"><div class=\"ps11906 ss1331\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #ffffff;padding:0\"><div class=\"ps810 ss1331\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-81df793a ps22\">Cash flow hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps22\">Recognised in Other comprehensive income (effective portion):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19113 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16898 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(68)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19114 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16899 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2338 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps22\">Reclassified from Other comprehensive income (effective portion):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2340 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives \u2013 Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19116 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19117 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2342 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives \u2013 Cost of sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19118 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19119 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2344 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives \u2013 Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19120 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19121 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(15)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1641 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-81df793a ps22\">Not designated as hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19122 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps22\">Foreign exchange derivatives \u2013 Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19123 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19124 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19129 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.06pt\">The fair values of Iveco Group\u2019s derivatives as of </span><span class=\"f charStyle-24b91321 ps19125\" style=\"width:63.28pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19126\" style=\"width:16.98pt\"> and </span><span class=\"f charStyle-24b91321 ps19127\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19128\" style=\"width:215.26pt\"> in the Consolidated Statement of Financial Position are recorded<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps19130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:34.41pt\">as follows:</span></div><div class=\"ps19168 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:204pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"4\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19132 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-81df793a ps19131\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19134 ss521\"><div><div class=\"ps961 ss508\"><span class=\"f charStyle-81df793a ps19133\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1589\"><div><div class=\"ps8886 ss1588\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19136 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19135\">Positive fair value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19138 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19137\">Negative fair value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19139 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19135\">Positive fair value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17177 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19137\">Negative fair value<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps22\">Cash flow hedges:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19140 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19141 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19142 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17183 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps8271\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19143 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19144 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19145 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17185 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps22\">Total Cash flow hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19146 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19147 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19148 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17187 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19149 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18201\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19150 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19151 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17189 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps325 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Derivatives not designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps327 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps18566\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19152 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19153 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19154 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19155 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(59)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps329 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps18566\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19156 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19157 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19158 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19159 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps331 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives not designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19160 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19161 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19162 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19163 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(59)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps333 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Derivative assets/(liabilities)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19164 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19165 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19166 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19167 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Derivatives not designated as hedging instruments consist mainly of derivatives (mostly currency-based derivatives) acquired to hedge</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">receivables and payables subject to currency risk and/or interest rate risk which are not formally designated as hedges at Group level. The</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps19171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">following table provides, for derivatives designated as hedging instruments, the detail of notional amounts and of the fair vale changes used as a</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps19172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:421.7pt\">basis to calculate hedge ineffectiveness, and for derivative not designated as hedging instruments, the detail of notional amounts:</span></div><div class=\"ps19215 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:177.75pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:71.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3007 ss1591\"><div><div class=\"ps961 ss1590\"><span class=\"f charStyle-81df793a ps19173\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19174 ss1592\"><div><div class=\"ps961 ss127\"><span class=\"f charStyle-81df793a ps601\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1593\"><div><div class=\"ps17220 ss533\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19177 ss1594\"><div><div class=\"ps17224 ss70\"><span class=\"f charStyle-81df793a ps19175\">Notional<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss70\"><span class=\"f charStyle-81df793a ps19176\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7364 ss1595\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps7754\">Fair value changes <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss1473\"><span class=\"f charStyle-81df793a ps14931\">used as a basis to </span></div><div class=\"ps17224 ss1473\"><span class=\"f charStyle-81df793a ps19178\">calculate hedge </span></div><div class=\"ps9284 ss1473\"><span class=\"f charStyle-81df793a ps19179\">ineffectiveness<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19180 ss1594\"><div><div class=\"ps17224 ss70\"><span class=\"f charStyle-81df793a ps19175\">Notional<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss70\"><span class=\"f charStyle-81df793a ps19176\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19185 ss1594\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19181\">Fair value changes <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss70\"><span class=\"f charStyle-81df793a ps19182\">used as a basis to </span></div><div class=\"ps17224 ss70\"><span class=\"f charStyle-81df793a ps19183\">calculate hedge </span></div><div class=\"ps9284 ss70\"><span class=\"f charStyle-81df793a ps19184\">ineffectiveness<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-81df793a ps22\">Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps22\">Cash flow hedges:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6668 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19186 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8499\">834<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19188 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19189 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">1,644<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19191 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps8271\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19192 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8499\">650<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19193 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19194 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8499\">650<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19196 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19195\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps22\">Total Cash flow hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19197 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">1,484<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19198 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19199 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">2,294<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19200 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9774 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19201 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">1,484<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19202 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps19187\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13314 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">2,294<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19203 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19190\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1632 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps22\">Total Derivatives not designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19204 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">2,282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19206 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps19205\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19207 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">1,559<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1640 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19208\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10353 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19209 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">3,766<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19211 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps19210\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19212 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">3,853<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19214 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19213\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19256 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">The following table provides the effects of hedged items designated in cash flow hedging relationships:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss61 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:123.75pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:85.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19258 ss1608\"><div><div class=\"ps315 ss1607\"><span class=\"f charStyle-81df793a ps19257\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11256 ss1608\"><div><div class=\"ps315 ss1607\"><span class=\"f charStyle-81df793a ps19257\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td rowspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1609\"><div><div class=\"ps18847 ss308\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19261 ss1610\"><div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19259\">Cash flow hedge reserve <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19260\">(continuing hedges)<span class=\"f ps13\"> </span></span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps756 ss1610\"><div><div class=\"ps2248 ss691\"><span class=\"f charStyle-81df793a ps10952\">Fair value changes used <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19262\">as a basis to calculate <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19263\">hedge ineffectiveness</span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11260 ss1610\"><div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19259\">Cash flow hedge reserve <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19260\">(continuing hedges)<span class=\"f ps13\"> </span></span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15137 ss1610\"><div><div class=\"ps2248 ss691\"><span class=\"f charStyle-81df793a ps10952\">Fair value changes used <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19262\">as a basis to calculate <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19263\">hedge ineffectiveness</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td colspan=\"8\" style=\"display:none\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss312\"><div><div class=\"ps315 ss308\"><span class=\"f charStyle-bd419927 ps22\">Cash flow hedges:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss312\"><div><div class=\"ps315 ss308\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19264 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps18497\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps766 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps9506\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19265 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps9506\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19266 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps9506\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps8357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.82pt\">The following table provides an analysis by due date of the notional amount of outstanding derivative financial instruments at </span><span class=\"f charStyle-24b91321 ps19267\" style=\"width:63.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps8360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:14.35pt\">and </span><span class=\"f charStyle-24b91321 ps2051\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps10691\" style=\"width:2.05pt\">:</span></div><div class=\"ps19310 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:276.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19271 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19275 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19277 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19279 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19282 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19283 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19284 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19286 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19287 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17537 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19288 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">565<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps767 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19289 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,270<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19290 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19291 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19292 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,766<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19293 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19294 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19295 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19296 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19297 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2346 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19298 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19299 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19300 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19301 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2348 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19302 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19303 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19304 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19305 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">650<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19306 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,238<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19307 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19308 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19309 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,853<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps723 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">19. Cash and cash equivalents</span></div><div class=\"ps19311 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.78pt\">Cash and cash equivalents consist of:<span class=\"f ps13\"> </span></span></div><div class=\"ps19313 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:300.75pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss745\"><div><div class=\"ps8886 ss744\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11256 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11258 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Cash at banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11260 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">2,502<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11261 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">3,120<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Restricted cash<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11264 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19312 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">96<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Money market securities and other cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11265 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">370<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11266 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-81df793a ps22\">Total Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11269 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">2,953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11271 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">3,513<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19314 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Amounts shown are readily convertible into cash and are subject to an insignificant risk of changes in value. Restricted cash mainly consists of</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.44pt\">Central Bank deposits established for regulatory purposes by a subsidiary benefitting from a banking license.<span class=\"f ps13\"> </span></span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The credit risk associated with Cash and cash equivalents is considered not significant, because it mainly relates to deposits spread across</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:176.96pt\">primary national and international financial institutions.</span></div><div class=\"ps20535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">24. Debt</span></div><div class=\"ps20536 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Credit Facilities</span></div><div class=\"ps20537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Lenders of committed credit facilities have the obligation to make advances up to the facility amount. Lenders of uncommitted facilities have the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:353.07pt\">right to terminate the agreement, with no acceleration of the advances, with prior notice to Iveco Group. At </span><span class=\"f charStyle-24b91321 ps20538\" style=\"width:63.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20539\" style=\"width:59.55pt\">, Iveco Group had</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20546 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:274.5pt\">available committed unsecured facilities expiring after twelve months amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps20541\" style=\"width:18.45pt\">1,900</span><span class=\"f charStyle-24b91321 ps9577\" style=\"width:31.51pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps20542\" style=\"width:18.45pt\">1,900</span><span class=\"f charStyle-24b91321 ps20543\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps20544\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20545\" style=\"width:4.5pt\">).</span></div><div class=\"ps12380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">On 4 January 2022, Iveco Group signed a \u20ac1.9 billion syndicated facility, which included a \u20ac1.4 billion committed revolving credit facility with a 5-</span></div><div class=\"ps20547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">year tenor with two extension options of 1-year each (subject to the bank\u2019s approval), as well as a \u20ac0.5 billion committed term facility with a 12-</span></div><div class=\"ps20548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">months tenor, extendable for up to an additional 12 months at the Company\u2019s sole option. In October 2022, Iveco Group signed a new</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps20549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">\u20ac400\u00a0million syndicated term facility with a 2-year tenor extendable for up to an additional 12 months at the Company\u2019s sole option. The proceeds</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">have been used to refinance the existing term facility. The \u20ac1.4 billion revolving credit facility has been extended for two additional years with all</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:403.23pt\">lenders, by exercising the first and the second one-year extension option. The facility is now due to mature in January 2029.</span><span class=\"f charStyle-24b91321 ps11774\" style=\"width:2.05pt\"> </span></div><div class=\"ps20552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">On 27 November 2023, Iveco Group signed a \u20ac450 million term loan facility with the European Investment Bank (EIB) with an 8-year amortisation</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps20553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">profile, which represented the first tranche of the \u20ac500 million total approved by the European Investment Bank. The proceeds of the loan facility,</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20554 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">which have been drawdown in full in December 2023, will be applied, over a period of three years, to enable Iveco Group to develop innovative</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps20555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">technologies and architectures in the field of electric propulsion and to increase efficiency, safety, driving comfort and productivity by further</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps20558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:272.66pt\">developing solutions for autonomous driving, digitalisation and vehicle connectivity.</span><span class=\"f charStyle-24b91321 ps20556\" style=\"width:2.33pt\"> </span><span class=\"f charStyle-24b91321 ps20557\" style=\"width:201.09pt\">This loan is at a below-market rate of interest. The difference</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps20559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">between the market rate of interest for an equivalent loan at the inception date and the rate granted by the EIB has been recognised as a</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps20560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">government grant in accordance with IAS 20, and recorded as a deduction from the capitalized development costs financed by the loan on a</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">straight-line basis over the life of the underlying projects. The loan is measured at amortised cost, in the amount of \u20ac405 million at 31 December</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps20564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.06pt\">2025 (\u20ac436 million at 31 December 2024).</span><span class=\"f charStyle-24b91321 ps20562\" style=\"width:2.45pt\"> <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20563\" style=\"width:333.4pt\">In July 2024, the second and last \u20ac50 million tranche has been executed with full drawing in October</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2024.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The facilities above include typical provisions for contracts of this type and size, such as: customary covenants mainly relating to Industrial</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:165.25pt\">Activities including negative pledge, a status (or </span><span class=\"f charStyle-50993fa8 ps20567\" style=\"width:35.14pt\">pari passu</span><span class=\"f charStyle-24b91321 ps20568\" style=\"width:275.6pt\">) covenant, restrictions on the incurrence of indebtedness by certain subsidiaries,</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">customary events of default (some of which are subject to minimum thresholds and customary mitigants) including cross-default, failure to pay</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">amounts due or to comply with certain provisions under the loan agreement, the occurrence of certain bankruptcy-related events and mandatory</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">prepayment obligations upon a change in control of Iveco Group or the borrower and a financial covenant (Net debt/EBITDA ratio relating to</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Industrial Activities) that is not applicable in case of rating equal or higher than BBB/Baa2. The failure to comply with these provisions, in certain</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:390.28pt\">cases if not suitably remedied, can lead to the requirement to make early repayment of the outstanding advances. At </span><span class=\"f charStyle-24b91321 ps20569\" style=\"width:63.62pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20570\" style=\"width:22.19pt\">, Iveco</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:215.93pt\">Group was in compliance with all covenants of the above facilities.</span><span class=\"f charStyle-24b91321 ps20571\" style=\"width:2.05pt\"> </span></div><div class=\"ps12405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">In June 2024, Iveco Group N.V. signed a term loan facility of \u20ac150 million with Cassa Depositi e Prestiti (CDP) for the creation of new projects in</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps20574 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:404.66pt\">Italy dedicated to research, development and innovation. Furthermore, in July 2024 Iveco Group N.V. successfully raised a</span><span class=\"f charStyle-50993fa8 ps20572\" style=\"width:48.59pt\"> Schuldschein </span><span class=\"f charStyle-24b91321 ps20573\" style=\"width:22.85pt\">loan (a</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">private placement governed by German law) for \u20ac290 million and between July 2024 and October 2024 Iveco Group N.V. executed new bilateral</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:432.23pt\">term loan facilities for a total amount of \u20ac300 million. In 2025, Iveco Group N.V. signed a new 3-years term loan facility of \u20ac50 million.</span></div><div class=\"ps20581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.61pt\">At </span><span class=\"f charStyle-24b91321 ps20577\" style=\"width:63.88pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20578\" style=\"width:297.53pt\">, Financial Services\u2019 asset-backed facilities amounted to \u20ac1,025 million (\u20ac1,031 million at </span><span class=\"f charStyle-24b91321 ps20579\" style=\"width:63.88pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20580\" style=\"width:41.14pt\">), committed</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps20587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.37pt\">and expiring after twelve months.</span><span class=\"f charStyle-24b91321 ps20582\" style=\"width:110.66pt\"> Bank debt of Financial Services </span><span class=\"f charStyle-24b91321 ps20583\" style=\"width:142.29pt\">also included \u20ac115 million (\u20ac115 million at </span><span class=\"f charStyle-24b91321 ps20584\" style=\"width:63.8pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps20585\" style=\"width:5.05pt\">) </span><span class=\"f charStyle-50993fa8 ps20586\" style=\"width:43.85pt\">Schuldschein</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.02pt\">loan with a 3-year tenor</span><span class=\"f charStyle-24b91321 ps20588\" style=\"width:2.05pt\">.</span></div><div class=\"ps20773 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">25. Trade payables</span></div><div class=\"ps20774 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:183.18pt\">An analysis by due date of Trade payables is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20789 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:208.5pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7671 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1717\"><div><div class=\"ps9091 ss87\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7680 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20780 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18642 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20783 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1719\"><div><div class=\"ps961 ss87\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20785 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,719<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20786 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20787 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20788 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,753<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5728 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss383\"><div><div class=\"ps961 ss234\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,947<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,956<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Advances on buy-back agreements includes the repurchase value of the vehicle relating to new vehicles sold with a buy-back commitment from</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.68pt\">Truck and Bus Business Units, included in Property, plant and equipment, as described in section \u201cAccounting policies\u201d.</span></div><div class=\"ps21033 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">30. Information on financial risks </span></div><div class=\"ps21034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.63pt\">We are exposed to the following financial risks connected with our operations:</span></div><div class=\"ps21035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:138.87pt\">credit risk related to our financing activities</span></div><div class=\"ps21037 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-2b67eced ps903\" style=\"width:1.63pt\">l</span><span class=\"f charStyle-24b91321 ps21036\" style=\"width:434.7pt\">iquidity risk, with particular reference to the availability of funds and access to the credit market and to financial instruments in general</span></div><div class=\"ps21039 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-b842fe6a ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:184.34pt\">market risk (primarily exchange rates and interest rates).</span><span class=\"f charStyle-2b67eced ps21038\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.56pt\">We attempt to actively manage these risks.</span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:2.05pt\"> </span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The quantitative data reported in the following paragraphs does not have any predictive value. In particular, the sensitivity analysis on market risks</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:418.41pt\">does not reflect the complexity of the market or the reaction, which may result from any changes that are assumed to take place.</span></div><div class=\"ps21040 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Credit risk</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The Group\u2019s credit risk differs in relation to the activities carried out by the segments and sales markets in which we operate; in all cases,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:272.07pt\">however, the risk is mitigated by the large number of counterparties and customers.</span><span class=\"f charStyle-24b91321 ps21041\" style=\"width:2.05pt\"> </span></div><div class=\"ps12333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets are recognised in the statement of financial position net of write-downs for the risk that counterparties may be unable to fulfil their<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.68pt\">contractual obligations, determined on the basis of the available information as to the creditworthiness of the customer and historical data.</span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The maximum credit risk to which we were theoretically exposed at the reporting date is represented by the carrying amounts stated for financial</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:436.42pt\">assets in the statement of financial position and the nominal value of the guarantees provided on debt or commitments of third parties.</span><span class=\"f charStyle-24b91321 ps21042\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Dealers and final customers are generally subject to specific assessments of their creditworthiness under a detailed scoring system. In addition to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">carrying out this evaluation process, we may also obtain financial and non-financial guarantees for risks arising from credit granted for the sale of</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">commercial vehicles. These guarantees are further secured, where possible, by retention of title clauses or specific guarantees on financed</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:296.67pt\">vehicle sales to the distribution network and on vehicles under finance leasing agreements.</span><span class=\"f charStyle-24b91321 ps21043\" style=\"width:2.05pt\"> </span></div><div class=\"ps2895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">A financial asset has experienced a significant increase in credit risk when the customer shows signs of operational or financial weakness</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">including past dues, which requires significant collection effort and monitoring and generally occurs when the customer becomes past due greater</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">than 30 days. The assessment considers available information regarding the financial stability of the customer and other market/industry data. An</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.16pt\">account is typically considered in default when they are 90 days past due.</span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:472.79pt\">Iveco Group utilises three categories for receivables from financing activities that reflect their credit risk and how the loan provision is determined.</span></div><div class=\"ps21055 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1745 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:76.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:205.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:109.5pt\"></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps2 ss1739\"><div><div class=\"ps1327 ss285\"><span class=\"f charStyle-81df793a ps22\">Internal risk grade<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21045 ss1740\"><div><div class=\"ps1327 ss998\"><span class=\"f charStyle-81df793a ps22\">IFRS 9 classification<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21046 ss1669\"><div><div class=\"ps1327 ss384\"><span class=\"f charStyle-81df793a ps22\">Definition<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps3758 ss1741\"><div><div class=\"ps2180 ss1689\"><span class=\"f charStyle-81df793a ps22\">Basis for recognition of expected <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1689\"><span class=\"f charStyle-81df793a ps22\">credit loss provision</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps37 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21047 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21048 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Low risk of default; payments are generally less than 30 days past <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21049 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">12 month expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2333 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21050 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21051 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Significant increase in credit risk; payments generally between 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">and 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21052 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2388 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Non-performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21053 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21054 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Accounts are credit impaired and/or a legal action has been initiated; <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">payments generally greater than 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps3775 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Write-offs of principal amounts of receivables from financing activities outstanding are deducted against the allowance when it is estimated that</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21057 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the amounts due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21058 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.81pt\">recoveries are collected, these are recognised in profit or loss.</span></div><div class=\"ps6113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Iveco Group\u2019s loss allowance for receivables from financing activities is segregated into two portfolio segments: retail and wholesale. A portfolio</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">segment is the level at which Iveco Group develops a systematic methodology for determining its loss allowance. Typically, Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">receivables within a portfolio segment have similar risk profiles and methods for assessing and monitoring risk. These classes align with</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps21061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.21pt\">management reporting.</span></div><div class=\"ps21062 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps15386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.09pt\">loss rates, Iveco Group considers historical loss rates for each category of customer and adjusts for forward-looking macroeconomic data.</span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">In calculating the expected credit losses, Iveco Group\u2019s calculations depend on whether the receivable has been individually identified as being</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">impaired. The first component of loss allowance covers the receivables individually reviewed by management for which Iveco Group has</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">determined it is probable that it will not collect all of the contractual principal and interest. Receivables are individually reviewed for impairment</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">based on, among other items, amounts outstanding, days past due and prior collection history. Expected credit losses are measured by</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">considering: the unbiased and probability-weighted amount; the time value of money; and reasonable and supportable information (available</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">without undue costs or effort) at the reporting date about past events, current conditions and forecasts of future economic conditions. Expected</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21065 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.49pt\">credit losses are measured as the probability-weighted present value of all cash shortfalls over the expected life of each financial asset.</span></div><div class=\"ps16376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The second component of loss allowance covers all receivables that have not been individually reviewed for impairment. The allowance for these</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">receivables is based on aggregated portfolio evaluations, generally by financial product. The allowance for wholesale and retail credit losses is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value,</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps21066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward-looking</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">macroeconomic factors. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps21068 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.31pt\">the adequacy of the allowance. These qualitative factors are subjective and require a degree of management judgment.</span></div><div class=\"ps21069 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Liquidity risk</span></div><div class=\"ps21070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:360.57pt\">We are exposed to funding risk if there is difficulty in obtaining finance for operations at any given point in time.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The cash flows, funding requirements and liquidity of our subsidiaries are monitored on a centralized basis. The aim of this centralized system is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.46pt\">to optimize the efficiency and effectiveness of the management of our capital resources.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Additionally, as part of our activities, we regularly carry out funding operations on the various financial markets which may take on different</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:349.52pt\">technical forms and which are aimed at ensuring that it has an adequate level of current and future liquidity.</span></div><div class=\"ps1211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Measures taken to generate financial resources through operations and to maintain an adequate level of available liquidity are an important factor</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">in ensuring normal operating conditions and addressing strategic challenges. We therefore plan to meet our requirements to settle liabilities as</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">they fall due and to cover expected capital expenditures by using cash flows from operations and available liquidity, renewing or refinancing bank</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.2pt\">loans and making recourse to the bond market and other forms of funding.</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The main factors that determine our liquidity situation are the funds generated by or used in operating and investing activities and the debt lending</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.95pt\">period and its renewal features or the liquidity of the funds employed and market terms and conditions.</span></div><div class=\"ps544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">Iveco Group has adopted a series of policies and procedures whose purpose is to optimize the management of funds and to reduce the liquidity</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:49.97pt\">risk, as follows:</span></div><div class=\"ps547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:467.06pt\">centralizing the management of receipts and payments, where it may be economical in the context of the local statutory, currency and fiscal</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps903\" style=\"width:167.99pt\">regulations of the countries in which we are present</span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:163.87pt\">maintaining an adequate level of available liquidity</span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:407.34pt\">diversifying the means by which funds are obtained and maintaining a continuous and active presence on the capital markets</span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:99.98pt\">obtaining adequate credit lines<span class=\"f ps13\"> </span></span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:195.03pt\">monitoring future liquidity on the basis of business planning.</span></div><div class=\"ps3324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:360.51pt\">Details as to the repayment structure of the Iveco Group\u2019s financial assets and liabilities are provided in Note </span><span class=\"f charStyle-24b91321 ps21071\" style=\"width:8.2pt\">17</span><span class=\"f charStyle-24b91321 ps21072\" style=\"width:107.19pt\"> \u201cCurrent Receivables and Other</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps6759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.7pt\">current financial assets\u201d and in Note </span><span class=\"f charStyle-24b91321 ps21073\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps21074\" style=\"width:333.89pt\"> \u201cDebt\u201d. Details of the repayment structure of derivative financial instruments are provided in Note </span><span class=\"f charStyle-24b91321 ps21075\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6997 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.11pt\">\u201cDerivative assets and Derivative liabilities\u201d.</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Management believes that the funds currently available, together with the funds that will be generated from operating and financing activities, will</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">enable Iveco Group to satisfy its requirements resulting from its investing activities and working capital needs and to fulfil its obligations to repay</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7000 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:109.42pt\">its debts at their natural due date.</span></div><div class=\"ps3137 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Market risk</span></div><div class=\"ps1175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.04pt\">We operate in numerous markets worldwide and are exposed to market risks stemming from fluctuations in currency and interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps1176 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The exposure to foreign currency risk arises both in connection with the geographical distribution of our industrial activities compared to the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps3329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.32pt\">markets in which we sell our products, and in relation to the use of external borrowing denominated in foreign currencies.</span></div><div class=\"ps3144 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The exposure to interest rate risk arises from the need to fund industrial and financial operating activities and the necessity to deploy surplus</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">funds. Changes in market interest rates may have the effect of either increasing or decreasing our profit/(loss), thereby indirectly affecting the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.65pt\">costs and returns of financing and investing transactions.</span></div><div class=\"ps3148 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">We regularly assess our exposure to foreign currency and interest rate risk and manage those risks through the use of derivative financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3151 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.5pt\">instruments in accordance with our established risk management policies.</span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Our policy permits derivatives to be used only for managing the exposure to fluctuations in exchange and interest rates connected with future</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps622 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:229.07pt\">cash flows and assets and liabilities, and not for speculative purposes.</span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:299.1pt\">We utilise derivative financial instruments designated as fair value hedges, mainly to hedge:</span></div><div class=\"ps16567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20510\" style=\"width:240.91pt\">the currency risk on financial instruments denominated in foreign currency</span></div><div class=\"ps21076 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20510\" style=\"width:181.51pt\">the interest rate risk on fixed rate loans and borrowings.</span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">The instruments used for these hedges are mainly currency swaps, forward contracts, interest rate swaps and combined interest rate and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1301 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:99.55pt\">currency financial instruments.</span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:312.22pt\">We use derivative financial instruments as cash flow hedges for the purpose of pre-determining:</span></div><div class=\"ps5009 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:350.77pt\">the exchange rate at which forecasted transactions denominated in foreign currencies will be accounted for;</span></div><div class=\"ps16556 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:466.98pt\">the interest paid on borrowings, both to match the fixed interest received on loans (customer financing activity), and to achieve a pre-defined</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps3551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps903\" style=\"width:184.39pt\">mix of floating versus fixed rate funding structured loans.</span></div><div class=\"ps3552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The exchange rate exposure on forecasted commercial flows is hedged by currency swaps, forward contracts and currency options. Interest rate</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps21077 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:337.24pt\">exposures are usually hedged by interest rate swaps and, in limited cases, by forward rate agreements.</span></div><div class=\"ps21078 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:258.94pt\">Counterparties to these agreements are major and diverse financial institutions.<span class=\"f ps13\"> </span></span></div><div class=\"ps4154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.46pt\">Information on the fair value of derivative financial instruments held at the balance sheet date is provided in Note </span><span class=\"f charStyle-24b91321 ps21079\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps21080\" style=\"width:78.31pt\"> \u201cDerivative assets and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps21081 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:67.13pt\">Derivative liabilities\u201d.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Currency risk</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.89pt\">We are exposed to risk resulting from changes in exchange rates, which can affect our earnings and invested equity.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Where one of our subsidiaries incurs costs in a currency different from that of its revenues, any change in exchange rates can affect the profit/</span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:89.23pt\">(loss) of that company. In </span><span class=\"f charStyle-24b91321 ps21082\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21083\" style=\"width:370.46pt\"> the total net trade flows exposed to currency risk amounted to the equivalent of 11% of our revenue (14% in</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).<span class=\"f ps13\"> </span></span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:235.6pt\">The principal exchange rates to which we are exposed are the following:</span></div><div class=\"ps1056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:204.45pt\">EUR/GBP, predominately in relation to sales on the UK market</span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:224.48pt\">EUR/BRL, predominately in relation to import on the Brazilian market</span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:217.53pt\">EUR/TRY, predominately in relation to sales on the T\u00fcrkiye market</span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:213.04pt\">EUR/PLN, predominately in relation to sales on the Polish market</span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:258.11pt\">EUR/CZK, predominately in relation to the production of Bus in Czech Republic</span></div><div class=\"ps3523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:157.74pt\">ARS/USD, in relation to purchases from Europe.</span></div><div class=\"ps7024 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:287.88pt\">Trade flows already hedged and not exposed to changes in these exchange rates in </span><span class=\"f charStyle-24b91321 ps21084\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21085\" style=\"width:130.59pt\"> made up approximately 64% (74% in </span><span class=\"f charStyle-24b91321 ps21086\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21087\" style=\"width:24.67pt\">) of the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:161.85pt\">exposure to currency risk from trade transactions.</span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">It is the Group\u2019s policy to use derivative financial instruments to hedge a pre-determined percentage, on average between 55% and 85%, of the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">forecasted trading transaction exchange risk exposure for the coming 12 months with additional flexibility to reach 0% or 100% (including risk</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.89pt\">beyond that date where it is believed to be appropriate) and to hedge completely the exposure resulting from firm commitments.</span></div><div class=\"ps1575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Group\u2019s subsidiaries may hold trade receivables or payables denominated in a currency different from the subsidiary\u2019s functional currency. In</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2896 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">addition, in a limited number of cases, subsidiaries may obtain financing or use funds in a currency different from their functional currency.</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3325 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Changes in exchange rates may result in exchange gains or losses arising from these situations. It is our policy to hedge fully, whenever possible,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the exposure resulting from receivables, payables and securities denominated in foreign currencies different from the subsidiary\u2019s functional</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:30.32pt\">currency.</span></div><div class=\"ps8466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Group\u2019s subsidiaries may have functional currency different from the euro, which is the Group presentation currency. The income statements of</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps1173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">those subsidiaries are converted into euros using the average exchange rate for the period, and while revenues and margins are unchanged in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:462.31pt\">local currency, changes in exchange rates may lead to effects on the converted balances of revenues, costs and the results reported in euros.</span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The assets and liabilities of consolidated companies whose functional currency is different from the euro may acquire converted values in euros</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">which differ as a function of the fluctuation in exchange rates. The effects of these changes are recognised directly in the Cumulative Translation</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.93pt\">Adjustments reserve, included in Other comprehensive income (see Note </span><span class=\"f charStyle-24b91321 ps21088\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps21089\" style=\"width:4.5pt\">).</span></div><div class=\"ps5480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:387.5pt\">We monitor our principal exposure to translation exchange risk, although there was no specific hedging in place at </span><span class=\"f charStyle-24b91321 ps21090\" style=\"width:64.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21091\" style=\"width:24.14pt\">. There</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:103.27pt\">were no substantial changes in </span><span class=\"f charStyle-24b91321 ps21092\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21093\" style=\"width:261pt\"> in the nature or structure of exposure to currency risk or in our hedging policies.</span></div><div class=\"ps6234 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps6235 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The potential loss in fair value of derivative financial instruments held for currency risk management (currency swaps/forwards, currency options,</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8653 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.98pt\">interest rate and currency swaps) at </span><span class=\"f charStyle-24b91321 ps21094\" style=\"width:66.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps9574\" style=\"width:279.83pt\"> resulting from a hypothetical change of 10% in the exchange rates amounts to</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8654 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:143.28pt\">approximately \u20ac193 million (\u20ac267 million at </span><span class=\"f charStyle-24b91321 ps21095\" style=\"width:63.36pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21096\" style=\"width:269.45pt\">). The valuation model for currency options assumes that market volatility at year-</span></div><div class=\"ps8655 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:81.15pt\">end remains unchanged.</span></div><div class=\"ps8617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The underlying transactions (consisting of receivables, payables, and future trade flows) for which we put in place, as hedging transactions, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8618 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">derivative financial instruments analysed in the above mentioned sensitivity analysis, were not considered. It is reasonable to assume that</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps8619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:474.6pt\">changes in exchange rates will produce the opposite effect, of an equal or greater amount, on the underlying transactions that have been hedged.</span></div><div class=\"ps5550 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Interest rate risk</span></div><div class=\"ps5551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">Our Industrial Activities make use of external funds obtained in the form of financing and invest in monetary and financial market instruments. In</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps5552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">addition, we sell receivables. Changes in market interest rates can affect the cost of financing, including the sale of receivables, or the return on</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps5553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:304.5pt\">investments of funds, causing an impact on the level of net financial expenses incurred by us.</span></div><div class=\"ps1428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">In addition, Financial Services provides loans (mainly to customers and dealers), financing themselves primarily using various forms of external</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">borrowings or asset-backed financing (e.g., securitisation of receivables). Where the characteristics of the variability of the interest rate applied to</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps12703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">loans granted differ from those of the variability of the cost of the financing/funding obtained, changes in the current level of interest rates can</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps12704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:71.28pt\">affect our profit/(loss).</span></div><div class=\"ps1434 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:458.05pt\">In order to mitigate these risks, we use interest rate derivative financial instruments, mainly interest rate swaps and forward rate agreements.</span></div><div class=\"ps21097 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps21098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">In assessing the potential impact of changes in interest rates, we separate fixed rate financial instruments (for which the impact is assessed in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps21099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.67pt\">terms of fair value) from floating rate financial instruments (for which the impact is assessed in terms of cash flows).</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.17pt\">The fixed rate financial instruments used by us consist of retail receivables, debt, asset-backed securitisations, and other instruments.</span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The potential loss in fair value of fixed rate financial instruments (including the effect of interest rate derivative financial instruments) held at</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:64.8pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21100\" style=\"width:411.27pt\">, resulting from a hypothetical, unfavourable and instantaneous change of 10%\u00a0in market interest rates, would have been</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:124.9pt\">approximately \u20ac6 million (\u20ac4 million at </span><span class=\"f charStyle-24b91321 ps21101\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21102\" style=\"width:4.5pt\">).</span></div><div class=\"ps1211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Floating rate financial instruments consist principally of cash and cash equivalents, wholesale receivables, debt, and asset-backed securitisations.</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The effect of the sale of receivables is also considered in the sensitivity analysis as well as the effect of hedging derivative instruments. This</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">analysis doesn\u2019t include cash and cash equivalent from hyperinflationary countries which could have distorting effects on the results of the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:280.29pt\">analysis and the change in fair value of foreign exchange rate derivatives instruments.</span><span class=\"f charStyle-24b91321 ps21103\" style=\"width:2.05pt\"> </span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:198.58pt\">A hypothetical change of 10% in short-term interest rates at </span><span class=\"f charStyle-24b91321 ps21104\" style=\"width:63.24pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21105\" style=\"width:214.24pt\">, applied to floating rate financial assets and liabilities, operations</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">for the sale of receivables and derivative financial instruments, would have caused increased net expenses before taxes, on an annual basis, of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:124.9pt\">approximately \u20ac7 million (\u20ac8 million at </span><span class=\"f charStyle-24b91321 ps21101\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21102\" style=\"width:4.5pt\">).</span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">This analysis is based on the assumption that there is a hypothetical change of 10% in interest rates across homogeneous categories. A</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:400.35pt\">homogeneous category is defined on the basis of the currency in which the financial assets and liabilities are denominated.</span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Other risks on derivative financial instrument</span><span class=\"f charStyle-94965b2e ps21106\">s</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:395.02pt\">We have entered limited derivative contracts linked to commodity prices to hedge specific exposures on supply contracts.</span></div><div class=\"ps7097 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps7098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">In the event of a hypothetical change of 10% in the underlying raw materials prices, the potential loss in fair value of outstanding derivative</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.43pt\">financial instruments at </span><span class=\"f charStyle-24b91321 ps4071\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21107\" style=\"width:253.63pt\"> linked to commodity prices would not have been significant (not significant at </span><span class=\"f charStyle-24b91321 ps21108\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21109\" style=\"width:4.5pt\">).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-613": {
   "value": "<div class=\"ps18691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Trade receivables</span></div><div class=\"ps16722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:20.88pt\">As of </span><span class=\"f charStyle-24b91321 ps18692\" style=\"width:64.72pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18693\" style=\"width:18.42pt\"> and </span><span class=\"f charStyle-24b91321 ps18694\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1519\" style=\"width:138.22pt\">, Iveco Group had trade receivables of \u20ac</span><span class=\"f charStyle-24b91321 ps18695\" style=\"width:12.3pt\">336</span><span class=\"f charStyle-24b91321 ps18696\" style=\"width:46.44pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18697\" style=\"width:12.3pt\">405</span><span class=\"f charStyle-24b91321 ps18698\" style=\"width:146.36pt\"> million, respectively. Trade receivables are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:112.05pt\">shown net of loss allowances of \u20ac</span><span class=\"f charStyle-24b91321 ps18699\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps18700\" style=\"width:44.52pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18701\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18702\" style=\"width:34.27pt\"> million at </span><span class=\"f charStyle-24b91321 ps18703\" style=\"width:63.44pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18704\" style=\"width:17.14pt\"> and </span><span class=\"f charStyle-24b91321 ps18705\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18706\" style=\"width:171.84pt\">, respectively. The allowances are determined using</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps18708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.73pt\">the simplified approach as permitted by IFRS 9 for trade receivables, consisting in the use of lifetime expected loss.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:196.67pt\">Changes in the loss allowances for trade receivables during </span><span class=\"f charStyle-24b91321 ps18709\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18712\" style=\"width:54.48pt\"> were as follows:</span><span class=\"f charStyle-24b91321 ps18713\" style=\"width:2.05pt\"> </span></div><div class=\"ps18727 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:261pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1532\"><div><div class=\"ps8886 ss1531\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18714 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18715 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18717 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18718 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18719 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18716\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18721 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Write-offs and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18723 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18722\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18724 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18725 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">32<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18726 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.46pt\">The allowances at </span><span class=\"f charStyle-24b91321 ps18728\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18729\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18730\" style=\"width:205.72pt\"> have been determined using the following expected loss rates:</span></div><div class=\"ps18807 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:27pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:23.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18733 ss597\"><div><div class=\"ps961 ss596\"><span class=\"f charStyle-81df793a ps18732\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5980 ss414\"><div><div class=\"ps961 ss413\"><span class=\"f charStyle-81df793a ps18734\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18736 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18739 ss1238\"><div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps18737\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps18738\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18742 ss1240\"><div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18740\">61-90 days<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps18741\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18743 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss94\"><div><div class=\"ps2250 ss62\"><span class=\"f charStyle-81df793a ps18744\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5985 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18747 ss1284\"><div><div class=\"ps2249 ss1188\"><span class=\"f charStyle-81df793a ps18745\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps18746\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18751 ss1236\"><div><div class=\"ps2248 ss722\"><span class=\"f charStyle-81df793a ps18748\">61-90 <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss722\"><span class=\"f charStyle-81df793a ps18749\">days</span></div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps18750\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18753 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1533\"><div><div class=\"ps9140 ss976\"><span class=\"f charStyle-bd419927 ps22\">Expected loss rate <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss976\"><span class=\"f charStyle-bd419927 ps22\">(in %)</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18754 ss1535\"><div><div class=\"ps15197 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">%<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18757 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18760 ss617\"><div><div class=\"ps9141 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps18758\"></span><span class=\"ps18758\">\u2014</span><span class=\"ps18759\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18763 ss1537\"><div><div class=\"ps9141 ss399\"><span class=\"f charStyle-bd419927\"><span class=\"ps18761\"></span><span class=\"ps18761\">\u2014</span><span class=\"ps18762\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18766 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">32</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18768 ss104\"><div><div class=\"ps9141 ss62\"><span class=\"f charStyle-bd419927\"><span class=\"ps13844\"></span><span class=\"ps13844\">9</span><span class=\"ps18767\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18769 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18772 ss1538\"><div><div class=\"ps9141 ss1188\"><span class=\"f charStyle-bd419927\"><span class=\"ps18770\"></span><span class=\"ps18770\">\u2014</span><span class=\"ps18771\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18775 ss1539\"><div><div class=\"ps9141 ss722\"><span class=\"f charStyle-bd419927\"><span class=\"ps18773\"></span><span class=\"ps18773\">\u2014</span><span class=\"ps18774\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18776 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">29</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18778 ss1540\"><div><div class=\"ps9141 ss458\"><span class=\"f charStyle-bd419927\"><span class=\"ps10282\"></span><span class=\"ps10282\">6</span><span class=\"ps18777\">%</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1541\"><div><div class=\"ps18779 ss976\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps2120 ss976\"><span class=\"f charStyle-bd419927 ps22\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18780 ss1542\"><div><div class=\"ps14312 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18782 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">271<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18783 ss1544\"><div><div class=\"ps2120 ss3\"><span class=\"f charStyle-bd419927 ps9182\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18785 ss1545\"><div><div class=\"ps2120 ss399\"><span class=\"f charStyle-bd419927 ps18784\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18786 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1547\"><div><div class=\"ps2120 ss62\"><span class=\"f charStyle-bd419927 ps10820\">368<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18787 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">320<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18789 ss1548\"><div><div class=\"ps2120 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18790 ss1549\"><div><div class=\"ps2120 ss722\"><span class=\"f charStyle-bd419927 ps11580\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18791 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">72<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18792 ss1550\"><div><div class=\"ps2120 ss458\"><span class=\"f charStyle-bd419927 ps17689\">430<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1690 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps22\">Loss allowance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18793 ss1551\"><div><div class=\"ps14309 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18795 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18797 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18798 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18088\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18799 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18801 ss1553\"><div><div class=\"ps961 ss62\"><span class=\"f charStyle-bd419927 ps18800\">(32)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18802 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18803 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18804 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18805 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18806 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-bd419927 ps17698\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Trade receivables have significant concentrations of credit risk in Truck and Bus Business Units. There is not a disproportionate concentration of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps18809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.35pt\">credit risk in any geographic region.</span></div><div class=\"ps18810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Industrial Activities businesses sell a significant portion of their trade receivables to Financial Services and provide compensation to Financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps18811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.37pt\">Services at approximate market interest rates.</span></div><div class=\"ps18812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:351.94pt\">, trade receivables for an amount of \u20ac11 million and \u20ac3 million, respectively, were written off by Iveco Group.</span></div><div class=\"ps18813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Charge-offs of principal amounts of trade receivables outstanding are deducted from the allowance at the point when it is estimated that amounts</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When recoveries are</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps18815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.74pt\">collected, these are recognised as income.</span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:189.98pt\">The ageing of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:63.58pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18845\" style=\"width:17.28pt\"> and </span><span class=\"f charStyle-24b91321 ps11816\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18846\" style=\"width:188.69pt\"> is as follows (receivables are primarily related to Europe</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.98pt\">region):</span></div><div class=\"ps18876 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,623<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,852<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(149)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps230 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">101<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,912<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,935<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">219<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">5,154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Receivables from financing activities have significant concentrations of credit risk in the Truck Business Unit. On a geographic basis, the credit</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps18880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.2pt\">risk concentration is mainly located into the Europe area.</span><span class=\"f charStyle-24b91321 ps18879\" style=\"width:2.05pt\"> </span></div><div class=\"ps18881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:455.64pt\">Iveco Group typically retains as collateral a security interest in the vehicles associated with retail notes, wholesale notes and finance leases.</span></div><div class=\"ps18882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For further information on credit risk for Receivables from financing activities and internal risk grades, see Note 30 \"Information on financial risks\",</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:75.76pt\">paragraph \u201cCredit risk\u201d.</span></div><div class=\"ps18885 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Loss a</span><span class=\"f charStyle-94965b2e ps18884\">llowance - Receivables from financing activities</span></div><div class=\"ps18890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.16pt\">Loss allowance for receivables from financing activities (retail and wholesale) </span><span class=\"f charStyle-24b91321 ps18886\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18887\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18888\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18889\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18970 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-81df793a ps18891\">Year ended 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18894 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18896 ss1563\"><div><div class=\"ps961 ss1562\"><span class=\"f charStyle-81df793a ps18895\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1564\"><div><div class=\"ps17220 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18903 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18906 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18907 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18911 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss630\"><div><div class=\"ps17222 ss3\"><span class=\"f charStyle-81df793a ps18912\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss3\"><span class=\"f charStyle-81df793a ps15893\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a ps18913\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18915 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18916 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18918 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18920 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18922 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18923 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18924 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18925 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18927 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18929 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18931 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18932 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18934 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18935 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18937 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18938 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18939 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18940 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18941 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13497 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18942 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18943 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18945 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18946 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18948 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18947\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18950 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18951 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18952 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18953 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps10991\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18954 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18955 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18956 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18957 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18958 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">149<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1572\"><div><div class=\"ps2180 ss764\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss764\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18961 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18962 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18963 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18964 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18965 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,361<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18966 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps966\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18967 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18969 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.38pt\">At </span><span class=\"f charStyle-24b91321 ps18971\" style=\"width:63.42pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18972\" style=\"width:180.95pt\">, the change in loss allowance for the retail portfolio is </span><span class=\"f charStyle-24b91321 ps18973\" style=\"width:222.33pt\">primarily due to utilization of allowance for write-offs, mainly on one</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:256.5pt\">customer in Italy and two in Romania, and the reversal on one Italian customer</span><span class=\"f charStyle-24b91321 ps18974\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:266.22pt\">For the wholesale portfolio, the change in loss allowance is mainly due to </span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.87pt\">the accruals related to the increase in individual allowances</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">concentrated on a few customers, partially offset by certain write-offs mainly on three customers in Italy, while the collective allowances</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.41pt\">decreased due to lower volumes covered</span><span class=\"f charStyle-24b91321 ps18975\" style=\"width:2.05pt\">.</span></div><div class=\"ps19026 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1583 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:92.25pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18978 ss1578\"><div><div class=\"ps961 ss1577\"><span class=\"f charStyle-81df793a ps18977\">Year ended 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18979 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15136 ss1579\"><div><div class=\"ps961 ss553\"><span class=\"f charStyle-81df793a ps18980\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1580\"><div><div class=\"ps17220 ss935\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18981 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18982 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5828 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18983 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15139 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18985 ss1581\"><div><div class=\"ps17224 ss316\"><span class=\"f charStyle-81df793a ps18984\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss316\"><span class=\"f charStyle-81df793a ps17228\">Lifetime ECL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18986 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18987 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18989 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18990 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18991 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18992 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18517 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18994 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18995 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18997 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18996\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18998 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18999 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11592\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19000 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19001 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18520 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19002 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13495 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19003 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19004 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19005 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19006 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19007 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps3824\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18523 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19009 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19010 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19011 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19012 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19013 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19014 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19015 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18526 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19016 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1582\"><div><div class=\"ps2180 ss935\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss935\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19017 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19018 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19019 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19020 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19021 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,701<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19023 ss321\"><div><div class=\"ps1327 ss316\"><span class=\"f charStyle-81df793a ps19022\">200<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19024 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">106<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19025 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19027 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.48pt\">At </span><span class=\"f charStyle-24b91321 ps11830\" style=\"width:63.62pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps11831\" style=\"width:402.99pt\">, the change in loss allowance for the retail portfolio was mainly related to the release of stage 2 collective allowances for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19028 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">four large Italian customers upon their upgrade from stage 2 to stage 1. For the wholesale portfolio, the change in loss allowance is mainly due to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19029 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the increase in individual allowances concentrated on a few customers, while the collective allowances remained flat compared to 31 December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2023.</span></div><div class=\"ps19031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.2pt\">In all periods, additions to and reversals from loss allowances have been included in cost of sales.</span></div><div class=\"ps13428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Further information on loss allowance for receivables from financing activities is provided in Note 30 \u201cInformation on financial risks\u201d, paragraph</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19032 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.11pt\">\u201cCredit risk\u201d.</span></div><div class=\"ps19033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Finance lease receivables mainly relate to vehicles leased out under finance lease arrangements. The interest rate implicit in the lease is</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps19034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">determined at the commencement of the lease for the whole lease term. The average interest rate implicit in total finance lease receivables varies</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19035 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:149.55pt\">depending on prevailing market interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps19042 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:232.76pt\">The item may be analysed as follows, stated gross of an allowance of \u20ac</span><span class=\"f charStyle-24b91321 ps19036\" style=\"width:8.2pt\">57<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19037\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps19038\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19039\" style=\"width:8.6pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps19040\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps19041\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps13135\" style=\"width:62.7pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9373\" style=\"width:4.5pt\">):</span></div><div class=\"ps19050 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:310.5pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss651\"><div><div class=\"ps8886 ss648\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9501 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19043 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">38<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18825 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">27<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18826 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18827 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">17<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19045 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19047 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19044\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Total Undiscounted receivables for future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18828 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-bd419927 ps22\">Unearned finance income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18830 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps19049\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss651\"><div><div class=\"ps961 ss648\"><span class=\"f charStyle-81df793a ps22\">Present value of future minimum lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15417 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15418 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">115<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21040 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Credit risk</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The Group\u2019s credit risk differs in relation to the activities carried out by the segments and sales markets in which we operate; in all cases,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:272.07pt\">however, the risk is mitigated by the large number of counterparties and customers.</span><span class=\"f charStyle-24b91321 ps21041\" style=\"width:2.05pt\"> </span></div><div class=\"ps12333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets are recognised in the statement of financial position net of write-downs for the risk that counterparties may be unable to fulfil their<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.68pt\">contractual obligations, determined on the basis of the available information as to the creditworthiness of the customer and historical data.</span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The maximum credit risk to which we were theoretically exposed at the reporting date is represented by the carrying amounts stated for financial</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:436.42pt\">assets in the statement of financial position and the nominal value of the guarantees provided on debt or commitments of third parties.</span><span class=\"f charStyle-24b91321 ps21042\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Dealers and final customers are generally subject to specific assessments of their creditworthiness under a detailed scoring system. In addition to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">carrying out this evaluation process, we may also obtain financial and non-financial guarantees for risks arising from credit granted for the sale of</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">commercial vehicles. These guarantees are further secured, where possible, by retention of title clauses or specific guarantees on financed</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:296.67pt\">vehicle sales to the distribution network and on vehicles under finance leasing agreements.</span><span class=\"f charStyle-24b91321 ps21043\" style=\"width:2.05pt\"> </span></div><div class=\"ps2895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">A financial asset has experienced a significant increase in credit risk when the customer shows signs of operational or financial weakness</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">including past dues, which requires significant collection effort and monitoring and generally occurs when the customer becomes past due greater</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">than 30 days. The assessment considers available information regarding the financial stability of the customer and other market/industry data. An</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.16pt\">account is typically considered in default when they are 90 days past due.</span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:472.79pt\">Iveco Group utilises three categories for receivables from financing activities that reflect their credit risk and how the loan provision is determined.</span></div><div class=\"ps21055 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1745 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:76.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:205.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:109.5pt\"></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps2 ss1739\"><div><div class=\"ps1327 ss285\"><span class=\"f charStyle-81df793a ps22\">Internal risk grade<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21045 ss1740\"><div><div class=\"ps1327 ss998\"><span class=\"f charStyle-81df793a ps22\">IFRS 9 classification<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21046 ss1669\"><div><div class=\"ps1327 ss384\"><span class=\"f charStyle-81df793a ps22\">Definition<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps3758 ss1741\"><div><div class=\"ps2180 ss1689\"><span class=\"f charStyle-81df793a ps22\">Basis for recognition of expected <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1689\"><span class=\"f charStyle-81df793a ps22\">credit loss provision</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps37 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21047 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21048 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Low risk of default; payments are generally less than 30 days past <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21049 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">12 month expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2333 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21050 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21051 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Significant increase in credit risk; payments generally between 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">and 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21052 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2388 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Non-performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21053 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21054 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Accounts are credit impaired and/or a legal action has been initiated; <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">payments generally greater than 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps3775 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Write-offs of principal amounts of receivables from financing activities outstanding are deducted against the allowance when it is estimated that</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21057 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the amounts due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21058 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.81pt\">recoveries are collected, these are recognised in profit or loss.</span></div><div class=\"ps6113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Iveco Group\u2019s loss allowance for receivables from financing activities is segregated into two portfolio segments: retail and wholesale. A portfolio</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">segment is the level at which Iveco Group develops a systematic methodology for determining its loss allowance. Typically, Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">receivables within a portfolio segment have similar risk profiles and methods for assessing and monitoring risk. These classes align with</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps21061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.21pt\">management reporting.</span></div><div class=\"ps21062 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps15386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.09pt\">loss rates, Iveco Group considers historical loss rates for each category of customer and adjusts for forward-looking macroeconomic data.</span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">In calculating the expected credit losses, Iveco Group\u2019s calculations depend on whether the receivable has been individually identified as being</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">impaired. The first component of loss allowance covers the receivables individually reviewed by management for which Iveco Group has</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">determined it is probable that it will not collect all of the contractual principal and interest. Receivables are individually reviewed for impairment</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">based on, among other items, amounts outstanding, days past due and prior collection history. Expected credit losses are measured by</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">considering: the unbiased and probability-weighted amount; the time value of money; and reasonable and supportable information (available</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">without undue costs or effort) at the reporting date about past events, current conditions and forecasts of future economic conditions. Expected</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21065 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.49pt\">credit losses are measured as the probability-weighted present value of all cash shortfalls over the expected life of each financial asset.</span></div><div class=\"ps16376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The second component of loss allowance covers all receivables that have not been individually reviewed for impairment. The allowance for these</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">receivables is based on aggregated portfolio evaluations, generally by financial product. The allowance for wholesale and retail credit losses is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value,</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps21066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward-looking</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">macroeconomic factors. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps21068 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.31pt\">the adequacy of the allowance. These qualitative factors are subjective and require a degree of management judgment.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-612": {
   "value": "<div class=\"ps18691 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Trade receivables</span></div><div class=\"ps16722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:20.88pt\">As of </span><span class=\"f charStyle-24b91321 ps18692\" style=\"width:64.72pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18693\" style=\"width:18.42pt\"> and </span><span class=\"f charStyle-24b91321 ps18694\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1519\" style=\"width:138.22pt\">, Iveco Group had trade receivables of \u20ac</span><span class=\"f charStyle-24b91321 ps18695\" style=\"width:12.3pt\">336</span><span class=\"f charStyle-24b91321 ps18696\" style=\"width:46.44pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18697\" style=\"width:12.3pt\">405</span><span class=\"f charStyle-24b91321 ps18698\" style=\"width:146.36pt\"> million, respectively. Trade receivables are</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps18707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:112.05pt\">shown net of loss allowances of \u20ac</span><span class=\"f charStyle-24b91321 ps18699\" style=\"width:8.2pt\">32</span><span class=\"f charStyle-24b91321 ps18700\" style=\"width:44.52pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps18701\" style=\"width:8.2pt\">25</span><span class=\"f charStyle-24b91321 ps18702\" style=\"width:34.27pt\"> million at </span><span class=\"f charStyle-24b91321 ps18703\" style=\"width:63.44pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18704\" style=\"width:17.14pt\"> and </span><span class=\"f charStyle-24b91321 ps18705\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18706\" style=\"width:171.84pt\">, respectively. The allowances are determined using</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps18708 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.73pt\">the simplified approach as permitted by IFRS 9 for trade receivables, consisting in the use of lifetime expected loss.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:196.67pt\">Changes in the loss allowances for trade receivables during </span><span class=\"f charStyle-24b91321 ps18709\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18712\" style=\"width:54.48pt\"> were as follows:</span><span class=\"f charStyle-24b91321 ps18713\" style=\"width:2.05pt\"> </span></div><div class=\"ps18727 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:261pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1532\"><div><div class=\"ps8886 ss1531\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18714 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18715 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps8321\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18717 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18718 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">20<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps819 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Additions<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18719 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18716\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18721 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-bd419927 ps22\">Write-offs and other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18723 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18722\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18724 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-bd419927 ps18720\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1532\"><div><div class=\"ps961 ss1531\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18725 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">32<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18726 ss445\"><div><div class=\"ps961 ss444\"><span class=\"f charStyle-81df793a ps18716\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18731 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.46pt\">The allowances at </span><span class=\"f charStyle-24b91321 ps18728\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18729\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps13274\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18730\" style=\"width:205.72pt\"> have been determined using the following expected loss rates:</span></div><div class=\"ps18807 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:27pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:23.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:24.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18733 ss597\"><div><div class=\"ps961 ss596\"><span class=\"f charStyle-81df793a ps18732\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5980 ss414\"><div><div class=\"ps961 ss413\"><span class=\"f charStyle-81df793a ps18734\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18736 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18739 ss1238\"><div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps18737\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps18738\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18742 ss1240\"><div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18740\">61-90 days<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps18741\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18743 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss94\"><div><div class=\"ps2250 ss62\"><span class=\"f charStyle-81df793a ps18744\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5985 ss178\"><div><div class=\"ps2250 ss123\"><span class=\"f charStyle-81df793a ps18735\">Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18747 ss1284\"><div><div class=\"ps2249 ss1188\"><span class=\"f charStyle-81df793a ps18745\">31-60 days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps18746\">past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18751 ss1236\"><div><div class=\"ps2248 ss722\"><span class=\"f charStyle-81df793a ps18748\">61-90 <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss722\"><span class=\"f charStyle-81df793a ps18749\">days</span></div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps18750\"> past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1413\"><div><div class=\"ps2248 ss213\"><span class=\"f charStyle-81df793a ps9109\">Greater than <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss213\"><span class=\"f charStyle-81df793a ps10287\">90 days past </span></div><div class=\"ps2250 ss213\"><span class=\"f charStyle-81df793a ps17704\">due</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18753 ss1281\"><div><div class=\"ps2250 ss458\"><span class=\"f charStyle-81df793a ps17670\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1533\"><div><div class=\"ps9140 ss976\"><span class=\"f charStyle-bd419927 ps22\">Expected loss rate <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss976\"><span class=\"f charStyle-bd419927 ps22\">(in %)</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18754 ss1535\"><div><div class=\"ps15197 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">%<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18757 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18760 ss617\"><div><div class=\"ps9141 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps18758\"></span><span class=\"ps18758\">\u2014</span><span class=\"ps18759\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18763 ss1537\"><div><div class=\"ps9141 ss399\"><span class=\"f charStyle-bd419927\"><span class=\"ps18761\"></span><span class=\"ps18761\">\u2014</span><span class=\"ps18762\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18766 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">32</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18768 ss104\"><div><div class=\"ps9141 ss62\"><span class=\"f charStyle-bd419927\"><span class=\"ps13844\"></span><span class=\"ps13844\">9</span><span class=\"ps18767\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18769 ss1536\"><div><div class=\"ps9141 ss123\"><span class=\"f charStyle-bd419927\"><span class=\"ps18755\"></span><span class=\"ps18755\">1</span><span class=\"ps18756\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18772 ss1538\"><div><div class=\"ps9141 ss1188\"><span class=\"f charStyle-bd419927\"><span class=\"ps18770\"></span><span class=\"ps18770\">\u2014</span><span class=\"ps18771\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18775 ss1539\"><div><div class=\"ps9141 ss722\"><span class=\"f charStyle-bd419927\"><span class=\"ps18773\"></span><span class=\"ps18773\">\u2014</span><span class=\"ps18774\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18776 ss618\"><div><div class=\"ps9141 ss213\"><span class=\"f charStyle-bd419927\"><span class=\"ps18764\"></span><span class=\"ps18764\">29</span><span class=\"ps18765\">%</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18778 ss1540\"><div><div class=\"ps9141 ss458\"><span class=\"f charStyle-bd419927\"><span class=\"ps10282\"></span><span class=\"ps10282\">6</span><span class=\"ps18777\">%</span></span></div></div></div></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1541\"><div><div class=\"ps18779 ss976\"><span class=\"f charStyle-bd419927 ps22\">Gross carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps2120 ss976\"><span class=\"f charStyle-bd419927 ps22\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18780 ss1542\"><div><div class=\"ps14312 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18782 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">271<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18783 ss1544\"><div><div class=\"ps2120 ss3\"><span class=\"f charStyle-bd419927 ps9182\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18785 ss1545\"><div><div class=\"ps2120 ss399\"><span class=\"f charStyle-bd419927 ps18784\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18786 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">88<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18654 ss1547\"><div><div class=\"ps2120 ss62\"><span class=\"f charStyle-bd419927 ps10820\">368<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18787 ss1543\"><div><div class=\"ps2120 ss123\"><span class=\"f charStyle-bd419927 ps18781\">320<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18789 ss1548\"><div><div class=\"ps2120 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18790 ss1549\"><div><div class=\"ps2120 ss722\"><span class=\"f charStyle-bd419927 ps11580\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18791 ss1546\"><div><div class=\"ps2120 ss213\"><span class=\"f charStyle-bd419927 ps17685\">72<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18792 ss1550\"><div><div class=\"ps2120 ss458\"><span class=\"f charStyle-bd419927 ps17689\">430<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1690 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps22\">Loss allowance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18793 ss1551\"><div><div class=\"ps14309 ss1534\"><span class=\"f charStyle-b52ff267 ps22\">\u20ac million<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18795 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18797 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18798 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-bd419927 ps18088\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18799 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(28)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18801 ss1553\"><div><div class=\"ps961 ss62\"><span class=\"f charStyle-bd419927 ps18800\">(32)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18802 ss1552\"><div><div class=\"ps961 ss123\"><span class=\"f charStyle-bd419927 ps18794\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18803 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18804 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18805 ss216\"><div><div class=\"ps961 ss213\"><span class=\"f charStyle-bd419927 ps17704\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18806 ss459\"><div><div class=\"ps961 ss458\"><span class=\"f charStyle-bd419927 ps17698\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Trade receivables have significant concentrations of credit risk in Truck and Bus Business Units. There is not a disproportionate concentration of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps18809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.35pt\">credit risk in any geographic region.</span></div><div class=\"ps18810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The Industrial Activities businesses sell a significant portion of their trade receivables to Financial Services and provide compensation to Financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps18811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.37pt\">Services at approximate market interest rates.</span></div><div class=\"ps18812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:351.94pt\">, trade receivables for an amount of \u20ac11 million and \u20ac3 million, respectively, were written off by Iveco Group.</span></div><div class=\"ps18813 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Charge-offs of principal amounts of trade receivables outstanding are deducted from the allowance at the point when it is estimated that amounts</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps18814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When recoveries are</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps18815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.74pt\">collected, these are recognised as income.</span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:189.98pt\">The ageing of Receivables from financing activities as of </span><span class=\"f charStyle-24b91321 ps17055\" style=\"width:63.58pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18845\" style=\"width:17.28pt\"> and </span><span class=\"f charStyle-24b91321 ps11816\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18846\" style=\"width:188.69pt\"> is as follows (receivables are primarily related to Europe</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:24.98pt\">region):</span></div><div class=\"ps18876 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,605<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,623<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,852<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(149)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps230 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3970 ss1556\"><div><div class=\"ps961 ss1555\"><span class=\"f charStyle-81df793a ps12804\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1557\"><div><div class=\"ps18847 ss328\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18849 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18848\">Total Current<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4712 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">31-60 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18852 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18850\">61-90 Days <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18851\">Past Due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps314 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18855 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-81df793a ps18854\">Non-<span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps18853\">Performing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18856 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-81df793a ps10756\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18857 ss1412\"><div><div class=\"ps2249 ss602\"><span class=\"f charStyle-db2d9ea7 ps9225\">Loss </span></div><div class=\"ps2250 ss602\"><span class=\"f charStyle-db2d9ea7 ps14306\">allowance</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18860 ss1240\"><div><div class=\"ps2248 ss399\"><span class=\"f charStyle-81df793a ps18858\">Total net <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss399\"><span class=\"f charStyle-81df793a ps18859\">of </span></div><div class=\"ps2250 ss399\"><span class=\"f charStyle-81df793a ps9105\">allowance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18861 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18862 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18863 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9298\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18864 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9169\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18865 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18866 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps9148\">101<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18623 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9262\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18867 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps5837\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-bd419927 ps22\">Total Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18868 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps11488\">4,912<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18869 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9169\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18870 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9180\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18871 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">4,935<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18872 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9148\">219<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18873 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-81df793a ps11488\">5,154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18874 ss610\"><div><div class=\"ps961 ss602\"><span class=\"f charStyle-bd419927 ps9225\">(147)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18875 ss400\"><div><div class=\"ps961 ss399\"><span class=\"f charStyle-81df793a ps17939\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps18878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Receivables from financing activities have significant concentrations of credit risk in the Truck Business Unit. On a geographic basis, the credit</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps18880 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.2pt\">risk concentration is mainly located into the Europe area.</span><span class=\"f charStyle-24b91321 ps18879\" style=\"width:2.05pt\"> </span></div><div class=\"ps18881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:455.64pt\">Iveco Group typically retains as collateral a security interest in the vehicles associated with retail notes, wholesale notes and finance leases.</span></div><div class=\"ps18882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For further information on credit risk for Receivables from financing activities and internal risk grades, see Note 30 \"Information on financial risks\",</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps18883 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:75.76pt\">paragraph \u201cCredit risk\u201d.</span></div><div class=\"ps18885 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Loss a</span><span class=\"f charStyle-94965b2e ps18884\">llowance - Receivables from financing activities</span></div><div class=\"ps18890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.16pt\">Loss allowance for receivables from financing activities (retail and wholesale) </span><span class=\"f charStyle-24b91321 ps18886\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18887\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18888\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18889\" style=\"width:43.83pt\"> is as follows:</span></div><div class=\"ps18970 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-81df793a ps18891\">Year ended 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18894 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18896 ss1563\"><div><div class=\"ps961 ss1562\"><span class=\"f charStyle-81df793a ps18895\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1564\"><div><div class=\"ps17220 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18903 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18906 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18907 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18911 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss630\"><div><div class=\"ps17222 ss3\"><span class=\"f charStyle-81df793a ps18912\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss3\"><span class=\"f charStyle-81df793a ps15893\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a ps18913\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18915 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18916 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18918 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18920 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18922 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18923 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18924 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18925 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18927 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18929 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18931 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18932 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18934 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18935 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18937 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18938 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18939 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18940 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18941 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13497 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18942 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18943 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18945 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18946 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18948 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18947\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18950 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18951 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18952 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18953 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps10991\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18954 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18955 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18956 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18957 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">114<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18958 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">149<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1572\"><div><div class=\"ps2180 ss764\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss764\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18961 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18962 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18963 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18964 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18965 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,361<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18966 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps966\">229<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18967 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">113<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18969 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">4,703<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.38pt\">At </span><span class=\"f charStyle-24b91321 ps18971\" style=\"width:63.42pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps18972\" style=\"width:180.95pt\">, the change in loss allowance for the retail portfolio is </span><span class=\"f charStyle-24b91321 ps18973\" style=\"width:222.33pt\">primarily due to utilization of allowance for write-offs, mainly on one</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps9369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:256.5pt\">customer in Italy and two in Romania, and the reversal on one Italian customer</span><span class=\"f charStyle-24b91321 ps18974\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps16587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:266.22pt\">For the wholesale portfolio, the change in loss allowance is mainly due to </span><span class=\"f charStyle-24b91321 ps16998\" style=\"width:209.87pt\">the accruals related to the increase in individual allowances</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">concentrated on a few customers, partially offset by certain write-offs mainly on three customers in Italy, while the collective allowances</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps16589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:134.41pt\">decreased due to lower volumes covered</span><span class=\"f charStyle-24b91321 ps18975\" style=\"width:2.05pt\">.</span></div><div class=\"ps19026 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1583 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:92.25pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:51.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:40.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:41.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"15\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18978 ss1578\"><div><div class=\"ps961 ss1577\"><span class=\"f charStyle-81df793a ps18977\">Year ended 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18979 ss1561\"><div><div class=\"ps961 ss1560\"><span class=\"f charStyle-81df793a ps18893\">Retail<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15136 ss1579\"><div><div class=\"ps961 ss553\"><span class=\"f charStyle-81df793a ps18980\">Wholesale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1580\"><div><div class=\"ps17220 ss935\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18981 ss1565\"><div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps18897\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps18898\">12 months <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps18899\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18982 ss1566\"><div><div class=\"ps17222 ss511\"><span class=\"f charStyle-81df793a ps13633\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss511\"><span class=\"f charStyle-81df793a ps18901\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss511\"><span class=\"f charStyle-81df793a ps18902\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5828 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18983 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a ps11570\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15139 ss1569\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18908\">Stage 1<span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss785\"><span class=\"f charStyle-81df793a ps18909\">12 <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss785\"><span class=\"f charStyle-81df793a ps1795\">months </span></div><div class=\"ps9284 ss785\"><span class=\"f charStyle-81df793a ps18910\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18985 ss1581\"><div><div class=\"ps17224 ss316\"><span class=\"f charStyle-81df793a ps18984\">Stage 2<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss316\"><span class=\"f charStyle-81df793a ps17228\">Lifetime ECL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18442 ss1567\"><div><div class=\"ps17222 ss1009\"><span class=\"f charStyle-81df793a ps13725\">Stage 3<span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1009\"><span class=\"f charStyle-81df793a ps18904\">Lifetime <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1009\"><span class=\"f charStyle-81df793a ps18905\">ECL</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18986 ss1215\"><div><div class=\"ps9284 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Opening balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18987 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18989 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18990 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18991 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18992 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18559 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18517 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">80<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18994 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6668 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Additions (reversals)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18995 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18997 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18996\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18998 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18999 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps11592\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19000 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18936\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19001 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps18993\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18520 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18921\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19002 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-bd419927 ps22\">Write-offs, net of recoveries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13495 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927 ps18930\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19003 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19004 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19005 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-bd419927 ps17966\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19006 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-bd419927 ps18944\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19007 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-bd419927 ps3824\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18523 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-bd419927 ps18933\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19009 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss945\"><div><div class=\"ps961 ss935\"><span class=\"f charStyle-81df793a ps22\">Ending balance<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19010 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps18917\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19011 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19012 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18921\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19013 ss47\"><div><div class=\"ps961 ss44\"><span class=\"f charStyle-81df793a ps4744\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19014 ss1571\"><div><div class=\"ps961 ss785\"><span class=\"f charStyle-81df793a ps18909\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19015 ss319\"><div><div class=\"ps961 ss316\"><span class=\"f charStyle-81df793a ps18993\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18526 ss1570\"><div><div class=\"ps961 ss1009\"><span class=\"f charStyle-81df793a ps18926\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19016 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">147<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18959 ss1582\"><div><div class=\"ps2180 ss935\"><span class=\"f charStyle-81df793a ps22\">Receivables, net of <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss935\"><span class=\"f charStyle-81df793a ps22\">allowance (ending balance)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19017 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps18960\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19018 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-81df793a ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19019 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps10991\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19020 ss761\"><div><div class=\"ps1327 ss44\"><span class=\"f charStyle-81df793a ps4744\">83<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19021 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps17878\">4,701<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19023 ss321\"><div><div class=\"ps1327 ss316\"><span class=\"f charStyle-81df793a ps19022\">200<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19024 ss1574\"><div><div class=\"ps1327 ss1009\"><span class=\"f charStyle-81df793a ps18926\">106<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19025 ss1576\"><div><div class=\"ps1327 ss1188\"><span class=\"f charStyle-81df793a ps18968\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19027 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.48pt\">At </span><span class=\"f charStyle-24b91321 ps11830\" style=\"width:63.62pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps11831\" style=\"width:402.99pt\">, the change in loss allowance for the retail portfolio was mainly related to the release of stage 2 collective allowances for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19028 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">four large Italian customers upon their upgrade from stage 2 to stage 1. For the wholesale portfolio, the change in loss allowance is mainly due to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19029 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the increase in individual allowances concentrated on a few customers, while the collective allowances remained flat compared to 31 December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19030 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2023.</span></div><div class=\"ps19031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.2pt\">In all periods, additions to and reversals from loss allowances have been included in cost of sales.</span></div><div class=\"ps13428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Further information on loss allowance for receivables from financing activities is provided in Note 30 \u201cInformation on financial risks\u201d, paragraph</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19032 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.11pt\">\u201cCredit risk\u201d.</span></div><div class=\"ps21040 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Credit risk</span></div><div class=\"ps1560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The Group\u2019s credit risk differs in relation to the activities carried out by the segments and sales markets in which we operate; in all cases,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:272.07pt\">however, the risk is mitigated by the large number of counterparties and customers.</span><span class=\"f charStyle-24b91321 ps21041\" style=\"width:2.05pt\"> </span></div><div class=\"ps12333 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Financial assets are recognised in the statement of financial position net of write-downs for the risk that counterparties may be unable to fulfil their<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:448.68pt\">contractual obligations, determined on the basis of the available information as to the creditworthiness of the customer and historical data.</span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The maximum credit risk to which we were theoretically exposed at the reporting date is represented by the carrying amounts stated for financial</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:436.42pt\">assets in the statement of financial position and the nominal value of the guarantees provided on debt or commitments of third parties.</span><span class=\"f charStyle-24b91321 ps21042\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Dealers and final customers are generally subject to specific assessments of their creditworthiness under a detailed scoring system. In addition to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">carrying out this evaluation process, we may also obtain financial and non-financial guarantees for risks arising from credit granted for the sale of</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">commercial vehicles. These guarantees are further secured, where possible, by retention of title clauses or specific guarantees on financed</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:296.67pt\">vehicle sales to the distribution network and on vehicles under finance leasing agreements.</span><span class=\"f charStyle-24b91321 ps21043\" style=\"width:2.05pt\"> </span></div><div class=\"ps2895 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">A financial asset has experienced a significant increase in credit risk when the customer shows signs of operational or financial weakness</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">including past dues, which requires significant collection effort and monitoring and generally occurs when the customer becomes past due greater</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">than 30 days. The assessment considers available information regarding the financial stability of the customer and other market/industry data. An</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6757 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.16pt\">account is typically considered in default when they are 90 days past due.</span></div><div class=\"ps1542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:472.79pt\">Iveco Group utilises three categories for receivables from financing activities that reflect their credit risk and how the loan provision is determined.</span></div><div class=\"ps21055 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1745 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:76.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:205.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:109.5pt\"></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps2 ss1739\"><div><div class=\"ps1327 ss285\"><span class=\"f charStyle-81df793a ps22\">Internal risk grade<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21045 ss1740\"><div><div class=\"ps1327 ss998\"><span class=\"f charStyle-81df793a ps22\">IFRS 9 classification<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps21046 ss1669\"><div><div class=\"ps1327 ss384\"><span class=\"f charStyle-81df793a ps22\">Definition<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #000000;padding:0\"><div class=\"ps3758 ss1741\"><div><div class=\"ps2180 ss1689\"><span class=\"f charStyle-81df793a ps22\">Basis for recognition of expected <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1689\"><span class=\"f charStyle-81df793a ps22\">credit loss provision</span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps37 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21047 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21048 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Low risk of default; payments are generally less than 30 days past <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"border-top:0.5pt solid #000000;padding:0\"><div class=\"ps21049 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">12 month expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2333 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21050 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21051 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Significant increase in credit risk; payments generally between 31 <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">and 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21052 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"><div class=\"ps2388 ss1742\"><div><div class=\"ps313 ss285\"><span class=\"f charStyle-bd419927 ps22\">Non-performing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21053 ss999\"><div><div class=\"ps313 ss998\"><span class=\"f charStyle-bd419927 ps22\">Stage 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps21054 ss1743\"><div><div class=\"ps313 ss384\"><span class=\"f charStyle-bd419927 ps22\">Accounts are credit impaired and/or a legal action has been initiated; <span class=\"f ps13\"> </span></span></div><div class=\"ps754 ss384\"><span class=\"f charStyle-bd419927 ps22\">payments generally greater than 90 days past due<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"padding:0\"></td><td style=\"padding:0\"><div class=\"ps3775 ss1744\"><div><div class=\"ps313 ss1689\"><span class=\"f charStyle-bd419927 ps22\">Lifetime expected credit losses<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Write-offs of principal amounts of receivables from financing activities outstanding are deducted against the allowance when it is estimated that</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21057 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the amounts due are deemed uncollectible. Iveco Group continues to engage in collection efforts to attempt to recover the receivables. When</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21058 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.81pt\">recoveries are collected, these are recognised in profit or loss.</span></div><div class=\"ps6113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Iveco Group\u2019s loss allowance for receivables from financing activities is segregated into two portfolio segments: retail and wholesale. A portfolio</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21059 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">segment is the level at which Iveco Group develops a systematic methodology for determining its loss allowance. Typically, Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps21060 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">receivables within a portfolio segment have similar risk profiles and methods for assessing and monitoring risk. These classes align with</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps21061 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.21pt\">management reporting.</span></div><div class=\"ps21062 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The Group accounts for its credit risk by appropriately providing for expected credit losses on a timely basis. In calculating the expected credit</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps15386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:449.09pt\">loss rates, Iveco Group considers historical loss rates for each category of customer and adjusts for forward-looking macroeconomic data.</span></div><div class=\"ps16369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">In calculating the expected credit losses, Iveco Group\u2019s calculations depend on whether the receivable has been individually identified as being</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">impaired. The first component of loss allowance covers the receivables individually reviewed by management for which Iveco Group has</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps16371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">determined it is probable that it will not collect all of the contractual principal and interest. Receivables are individually reviewed for impairment</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps16372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">based on, among other items, amounts outstanding, days past due and prior collection history. Expected credit losses are measured by</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21063 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">considering: the unbiased and probability-weighted amount; the time value of money; and reasonable and supportable information (available</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21064 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">without undue costs or effort) at the reporting date about past events, current conditions and forecasts of future economic conditions. Expected</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21065 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.49pt\">credit losses are measured as the probability-weighted present value of all cash shortfalls over the expected life of each financial asset.</span></div><div class=\"ps16376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The second component of loss allowance covers all receivables that have not been individually reviewed for impairment. The allowance for these</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps16378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">receivables is based on aggregated portfolio evaluations, generally by financial product. The allowance for wholesale and retail credit losses is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value,</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps21066 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward-looking</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21067 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">macroeconomic factors. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps21068 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.31pt\">the adequacy of the allowance. These qualitative factors are subjective and require a degree of management judgment.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-614": {
   "value": "336000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:TradeReceivables",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2026-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-615": {
   "value": "405000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:TradeReceivables",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "f-616": {
   "value": "<div class=\"ps18881 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:455.64pt\">Iveco Group typically retains as collateral a security interest in the vehicles associated with retail notes, wholesale notes and finance leases.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-617": {
   "value": "<div class=\"ps6921 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other current financial assets</span></div><div class=\"ps19054 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:358.5pt\">, Other current financial assets primarily consist of current securities and short-term deposits and investments.<span class=\"f ps13\"> </span></span></div><div class=\"ps6592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:35.47pt\">See Note </span><span class=\"f charStyle-24b91321 ps19055\" style=\"width:8.2pt\">30<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19056\" style=\"width:432.22pt\"> \u201cInformation on financial risks\u201d for additional information on the credit risk to which Iveco Group is exposed and the way it is</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps6594 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.47pt\">managed by the Group.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-618": {
   "value": "<div class=\"ps508 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">18. Derivative assets and Derivative liabilities</span><span class=\"f charStyle-320874d1 ps19096\"> </span></div><div class=\"ps2776 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:338.06pt\">These items consist of derivative financial instruments measured at fair value at the balance sheet date.</span></div><div class=\"ps510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group utilises derivative instruments to mitigate its exposure to interest rate and foreign currency exposures. Derivatives used as hedges</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">are effective at reducing the risk associated with the exposure being hedged and are designated as a hedge at the inception of the derivative</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">contract. Iveco Group does not hold or enter into derivative or other financial instruments for speculative purposes. The credit and market risk</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">related to derivatives is reduced through diversification among various counterparties. Derivative instruments are generally classified as Level 2 in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps514 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.61pt\">the fair value hierarchy.</span></div><div class=\"ps5256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">The fair value of derivative financial instruments is based on valid market price, if available. The fair value of derivative financial instruments that<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">are not traded in an active market is determined by using valuation techniques, based on observable market data. If all significant inputs required</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps518 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">to determine the fair value of an instrument are based on observable market data, the instrument is included in Level 2. The basis for the interest</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps519 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">is the zero-coupon-curve in each currency, which is used to calculate the present value of all the estimated future cash flows. For forward</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps521 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">exchange contracts the basis is the forward premium based on current spot rate for each currency and future date. The fair value is then</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2778 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.9pt\">discounted based on the observable interest yield curves as per the balance sheet date.<span class=\"f ps13\"> </span></span></div><div class=\"ps5809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.91pt\">In accordance with IFRS 9 -</span><span class=\"f charStyle-50993fa8 ps19097\" style=\"width:72.48pt\"> Financial Instruments</span><span class=\"f charStyle-24b91321 ps19098\" style=\"width:311.63pt\">, derivative financial instruments qualify for hedge accounting only when, at the inception of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps5810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">hedge, there is formal designation and documentation of the hedging relationship, there is an economic relationship between the hedging</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">instrument and the hedged item, credit risk does not dominate the value changes that result from the economic relationship, and the hedging</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">relationship\u2019s hedging ratio reflects the actual quantity of the hedging instrument and the hedged item. Hedge effectiveness is determined at the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps3266 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">inception of the hedge relationship and through periodic prospective effectiveness assessments to ensure that an economic relationship exists</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps2787 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:163.93pt\">between the hedged item and hedging instrument.</span></div><div class=\"ps3268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.06pt\">Further description of the risk management exposures and strategies for interest rate and currency risk is presented in Note\u00a0</span><span class=\"f charStyle-24b91321 ps19099\" style=\"width:8.2pt\">30</span><span class=\"f charStyle-24b91321 ps19100\" style=\"width:52.74pt\"> \u201cInformation on</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">financial risks\u201d, paragraph \u201cMarket risk\u201d together with sensitivity analysis assessing the potential impact of changes in interest rates and foreign</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:36.05pt\">currencies.</span></div><div class=\"ps2791 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">With regard to hedge accounting, Iveco Group continues to monitor significant developments in order to assess the potential future impacts of</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps6380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">current macroeconomic and geopolitical issues, energy and material price variability, on the hedging relationships in place and to update its</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.19pt\">estimates concerning whether forecasted transactions can still be considered highly likely to occur</span><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Foreign Exchange Derivatives</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Iveco Group has entered into foreign exchange forward contracts and swaps in order to manage and preserve the economic value of cash flows<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">in a currency different from the functional currency of the relevant legal entity. Iveco Group conducts its business on a global basis in a wide</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">variety of foreign currencies and hedges foreign currency exposures arising from various receivables, liabilities, and expected inventory</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">purchases and sales. Derivative instruments utilised to hedge the foreign currency risk associated with anticipated inventory purchases and sales</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">in foreign currencies are designated as cash flow hedges. Gains and losses on these instruments are deferred in accumulated other</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:306.9pt\">comprehensive income/(loss) and recognised in earnings when the related transaction occurs.</span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">For hedging cash flows in a currency different from the functional currency, the hedge relationship reflects the hedge ratio of 1:1, which means</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">that relationship is characterised by the value of the hedging instrument and the value of the hedged item moving in the opposite direction as a</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:155.3pt\">result of the common underlying of hedged risk.</span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.91pt\">The main sources of hedge ineffectiveness are:</span></div><div class=\"ps1270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">the effect of the counterparty and the Group\u2019s own credit risk on the fair value of the foreign exchange derivatives, which is not reflected in the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:313.95pt\">change in the fair value of the hedged cash flow attributable to the change in the exchange rates</span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:144.67pt\">changes in timing of the hedged transaction.</span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Ineffectiveness related to these hedge relationships is recognised in the Consolidated Income Statement in the line \u201cFinancial expenses\u201d and was</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">not significant for all periods presented. The maturity of these instruments does not exceed 24 months and the after-tax gains/(losses) deferred in</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps3253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">other comprehensive income/(loss) that will be recognised in net revenues and cost of sales over the next twelve months, assuming foreign</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3254 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">exchange rates remain unchanged, is \u20ac-4 million. If a derivative instrument is terminated because the hedge relationship is no longer effective or</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">because the hedged item is a forecasted transaction that is no longer determined to be probable, the cumulative amount recorded in accumulated<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:429.76pt\">other comprehensive income/(loss) is recognised immediately in earnings. Such amounts were insignificant in all periods presented.</span></div><div class=\"ps1224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Iveco Group also uses forwards and swaps to hedge assets and liabilities denominated in foreign currencies. Such derivatives are considered</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1225 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">economic hedges and not designated as hedging instruments. The changes in the fair values of these instruments are recognised directly in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1227 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">income statement as Financial income or Financial expenses and are expected to offset the foreign exchange gains or losses on the exposures</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.87pt\">being managed.</span></div><div class=\"ps1232 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">All of Iveco Group\u2019s foreign exchange derivatives are considered Level 2 as the fair value is calculated using market data input and can be</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1233 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.89pt\">compared to actively traded derivatives.</span></div><div class=\"ps1285 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Interest Rate Derivatives</span></div><div class=\"ps4198 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Iveco Group has entered into interest rate derivatives (swaps) in order to manage interest rate exposures arising in the normal course of</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">business. Interest rate derivatives that have been designated as cash flow hedges are being used by Iveco Group to mitigate the risk of rising</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps5802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">interest rates related to existing debt and anticipated issuance of fixed-rate debt in future periods. Gains and losses on these instruments, to the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5255 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">extent that the hedge relationship has been effective, are deferred in other comprehensive income/(loss) and recognised in Financial income or</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Financial expenses over the period in which Iveco Group recognises interest expense on the related debt. The after-tax gains (losses) deferred in</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps517 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:408.08pt\">other comprehensive income/(loss) that will be recognised in interest expense over the next twelve months were insignificant.</span></div><div class=\"ps5257 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">For hedging interest rate exposures, the hedge relationship reflects the hedge ratio 1:1, which means that relationship is characterised by the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">value of the hedging instrument and the value of the hedged item that move in the opposite direction as a result of the common underlying of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1251 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:40.16pt\">hedged risk.</span></div><div class=\"ps6264 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.91pt\">The main sources of hedge ineffectiveness are:</span></div><div class=\"ps7738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">the effect of the counterparty and the Group\u2019s own credit risk on the fair value of the swaps, which is not reflected in the change in the fair value</span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> </span></div><div class=\"ps1256 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:227.87pt\">of the hedged cash flow attributable to the change in the interest rates</span></div><div class=\"ps525 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:226.19pt\">differences in repricing dates between the swaps and the borrowings.</span></div><div class=\"ps526 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Any ineffectiveness should be recorded in \u201cFinancial expenses\u201d in the Consolidated Income Statement. Such amounts were insignificant in all<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:61.06pt\">periods presented.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:211.13pt\">All of Iveco Group\u2019s interest rate derivatives outstanding as of </span><span class=\"f charStyle-24b91321 ps19102\" style=\"width:64.44pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19103\" style=\"width:18.14pt\"> and </span><span class=\"f charStyle-24b91321 ps19104\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19105\" style=\"width:165.99pt\"> are considered Level 2. The fair market value of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:347.09pt\">these derivatives is calculated using market data input and can be compared to actively traded derivatives.<span class=\"f ps13\"> </span></span></div><div class=\"ps19106 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Financial statement impact of Iveco Group derivatives</span></div><div class=\"ps19107 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">The following table summarises the gross impact of changes in the fair value of derivatives recognised in Other comprehensive income and in the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps19112 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:137.7pt\">income statement during the years ended </span><span class=\"f charStyle-24b91321 ps19108\" style=\"width:62.7pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19109\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19110\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19111\" style=\"width:2.05pt\">:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:339pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1587\"><div><div class=\"ps8886 ss1586\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #ffffff;padding:0\"><div class=\"ps11906 ss1331\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #ffffff;padding:0\"><div class=\"ps810 ss1331\"><div><div class=\"ps313 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-81df793a ps22\">Cash flow hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps22\">Recognised in Other comprehensive income (effective portion):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19113 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16898 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(68)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19114 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16899 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2338 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps22\">Reclassified from Other comprehensive income (effective portion):<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2340 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives \u2013 Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19116 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19117 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2342 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives \u2013 Cost of sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19118 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19119 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(33)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2344 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives \u2013 Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19120 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19121 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(15)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1641 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-81df793a ps22\">Not designated as hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19122 ss1587\"><div><div class=\"ps961 ss1586\"><span class=\"f charStyle-bd419927 ps22\">Foreign exchange derivatives \u2013 Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19123 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19124 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(39)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19129 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.06pt\">The fair values of Iveco Group\u2019s derivatives as of </span><span class=\"f charStyle-24b91321 ps19125\" style=\"width:63.28pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19126\" style=\"width:16.98pt\"> and </span><span class=\"f charStyle-24b91321 ps19127\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19128\" style=\"width:215.26pt\"> in the Consolidated Statement of Financial Position are recorded<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps19130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:34.41pt\">as follows:</span></div><div class=\"ps19168 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:204pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"4\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19132 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-81df793a ps19131\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19134 ss521\"><div><div class=\"ps961 ss508\"><span class=\"f charStyle-81df793a ps19133\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1589\"><div><div class=\"ps8886 ss1588\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19136 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19135\">Positive fair value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19138 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19137\">Negative fair value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19139 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19135\">Positive fair value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17177 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps19137\">Negative fair value<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps22\">Cash flow hedges:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19140 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19141 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19142 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17183 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps8271\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19143 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19144 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19145 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17185 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps22\">Total Cash flow hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19146 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19147 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19148 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17187 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19149 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps18201\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19150 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19151 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17189 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17178\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps325 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Derivatives not designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps327 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps18566\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19152 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19153 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19154 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19155 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17176\">(59)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps329 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-bd419927 ps18566\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19156 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19157 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19158 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19159 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps331 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives not designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19160 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19161 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19162 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19163 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(59)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps333 ss1589\"><div><div class=\"ps315 ss1588\"><span class=\"f charStyle-81df793a ps22\">Derivative assets/(liabilities)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19164 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19165 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(21)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19166 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17184\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19167 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17176\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Derivatives not designated as hedging instruments consist mainly of derivatives (mostly currency-based derivatives) acquired to hedge</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">receivables and payables subject to currency risk and/or interest rate risk which are not formally designated as hedges at Group level. The</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps19171 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">following table provides, for derivatives designated as hedging instruments, the detail of notional amounts and of the fair vale changes used as a</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps19172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:421.7pt\">basis to calculate hedge ineffectiveness, and for derivative not designated as hedging instruments, the detail of notional amounts:</span></div><div class=\"ps19215 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:177.75pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:71.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3007 ss1591\"><div><div class=\"ps961 ss1590\"><span class=\"f charStyle-81df793a ps19173\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19174 ss1592\"><div><div class=\"ps961 ss127\"><span class=\"f charStyle-81df793a ps601\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1593\"><div><div class=\"ps17220 ss533\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19177 ss1594\"><div><div class=\"ps17224 ss70\"><span class=\"f charStyle-81df793a ps19175\">Notional<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss70\"><span class=\"f charStyle-81df793a ps19176\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7364 ss1595\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps7754\">Fair value changes <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss1473\"><span class=\"f charStyle-81df793a ps14931\">used as a basis to </span></div><div class=\"ps17224 ss1473\"><span class=\"f charStyle-81df793a ps19178\">calculate hedge </span></div><div class=\"ps9284 ss1473\"><span class=\"f charStyle-81df793a ps19179\">ineffectiveness<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19180 ss1594\"><div><div class=\"ps17224 ss70\"><span class=\"f charStyle-81df793a ps19175\">Notional<span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss70\"><span class=\"f charStyle-81df793a ps19176\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19185 ss1594\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19181\">Fair value changes <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss70\"><span class=\"f charStyle-81df793a ps19182\">used as a basis to </span></div><div class=\"ps17224 ss70\"><span class=\"f charStyle-81df793a ps19183\">calculate hedge </span></div><div class=\"ps9284 ss70\"><span class=\"f charStyle-81df793a ps19184\">ineffectiveness<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6658 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-81df793a ps22\">Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps22\">Cash flow hedges:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6668 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19186 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8499\">834<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19188 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19189 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">1,644<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19191 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps769 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps8271\">Interest rate derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19192 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8499\">650<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19193 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18378\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19194 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8499\">650<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19196 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19195\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6675 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps22\">Total Cash flow hedges<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19197 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">1,484<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19198 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19199 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">2,294<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19200 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9774 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19201 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">1,484<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19202 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps19187\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13314 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">2,294<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19203 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19190\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1632 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-bd419927 ps22\">Total Derivatives not designated as hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19204 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">2,282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19206 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps19205\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19207 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps8479\">1,559<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1640 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19208\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10353 ss753\"><div><div class=\"ps315 ss533\"><span class=\"f charStyle-81df793a ps22\">Total Derivatives<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19209 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">3,766<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19211 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps19210\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19212 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8479\">3,853<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19214 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19213\">n/a<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19256 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">The following table provides the effects of hedged items designated in cash flow hedging relationships:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss61 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:123.75pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:85.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:85.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19258 ss1608\"><div><div class=\"ps315 ss1607\"><span class=\"f charStyle-81df793a ps19257\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11256 ss1608\"><div><div class=\"ps315 ss1607\"><span class=\"f charStyle-81df793a ps19257\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td rowspan=\"2\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1609\"><div><div class=\"ps18847 ss308\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19261 ss1610\"><div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19259\">Cash flow hedge reserve <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19260\">(continuing hedges)<span class=\"f ps13\"> </span></span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps756 ss1610\"><div><div class=\"ps2248 ss691\"><span class=\"f charStyle-81df793a ps10952\">Fair value changes used <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19262\">as a basis to calculate <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19263\">hedge ineffectiveness</span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11260 ss1610\"><div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19259\">Cash flow hedge reserve <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19260\">(continuing hedges)<span class=\"f ps13\"> </span></span></div></div></div></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td rowspan=\"2\" style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15137 ss1610\"><div><div class=\"ps2248 ss691\"><span class=\"f charStyle-81df793a ps10952\">Fair value changes used <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss691\"><span class=\"f charStyle-81df793a ps19262\">as a basis to calculate <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss691\"><span class=\"f charStyle-81df793a ps19263\">hedge ineffectiveness</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td colspan=\"8\" style=\"display:none\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss312\"><div><div class=\"ps315 ss308\"><span class=\"f charStyle-bd419927 ps22\">Cash flow hedges:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss312\"><div><div class=\"ps315 ss308\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19264 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps18497\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps766 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps9506\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19265 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps9506\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19266 ss694\"><div><div class=\"ps315 ss691\"><span class=\"f charStyle-bd419927 ps9506\">(61)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps8357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.82pt\">The following table provides an analysis by due date of the notional amount of outstanding derivative financial instruments at </span><span class=\"f charStyle-24b91321 ps19267\" style=\"width:63.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps8360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:14.35pt\">and </span><span class=\"f charStyle-24b91321 ps2051\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps10691\" style=\"width:2.05pt\">:</span></div><div class=\"ps19310 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:276.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19271 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19275 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19277 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19279 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19282 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19283 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19284 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19286 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19287 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17537 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19288 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">565<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps767 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19289 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,270<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19290 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19291 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19292 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,766<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19293 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19294 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19295 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19296 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19297 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2346 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19298 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19299 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19300 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19301 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2348 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19302 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19303 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19304 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19305 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">650<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19306 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,238<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19307 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19308 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19309 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,853<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-619": {
   "value": "<div class=\"ps1232 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">All of Iveco Group\u2019s foreign exchange derivatives are considered Level 2 as the fair value is calculated using market data input and can be</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1233 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.89pt\">compared to actively traded derivatives.</span></div><div class=\"ps5488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:211.13pt\">All of Iveco Group\u2019s interest rate derivatives outstanding as of </span><span class=\"f charStyle-24b91321 ps19102\" style=\"width:64.44pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19103\" style=\"width:18.14pt\"> and </span><span class=\"f charStyle-24b91321 ps19104\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19105\" style=\"width:165.99pt\"> are considered Level 2. The fair market value of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1260 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:347.09pt\">these derivatives is calculated using market data input and can be compared to actively traded derivatives.<span class=\"f ps13\"> </span></span></div><div class=\"ps8433 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">31. Fair value measurement </span></div><div class=\"ps8434 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:410.95pt\">Fair value levels presented below are described in the \u201cAccounting policies \u2013 Fair value measurement\u201d section of these Notes.<span class=\"f ps13\"> </span></span></div><div class=\"ps2813 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Assets and liabilities measured at fair value on a recurring basis</span></div><div class=\"ps2814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The following table presents, for each of the fair value hierarchy levels, the assets and liabilities that are measured at fair value on a recurring</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps8614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:27.46pt\">basis at </span><span class=\"f charStyle-24b91321 ps21110\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21111\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21112\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21113\" style=\"width:2.05pt\">:</span></div><div class=\"ps21151 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:185.25pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21115 ss1532\"><div><div class=\"ps315 ss1531\"><span class=\"f charStyle-81df793a ps21114\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1579\"><div><div class=\"ps8886 ss553\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20383 ss1552\"><div><div class=\"ps15529 ss123\"><span class=\"f charStyle-04d636da ps14659\">Note<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21117 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21118 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21119 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21120\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1746\"><div><div class=\"ps9321 ss553\"><span class=\"f charStyle-bd419927 ps22\">Equity investments measured at fair value through other <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss553\"><span class=\"f charStyle-bd419927 ps22\">comprehensive income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21122 ss1536\"><div><div class=\"ps15197 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21124 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21125 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21127 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18467 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13567 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21128 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21129 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21130 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21131 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21132 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8270 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21133 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21134 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21135 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21136 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21137 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">14<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10729 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21138 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21139 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21140 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21141 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1612 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21142 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21143 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21144 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21145 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21146 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21147 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21148 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21149 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21150 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21153 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:185.25pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21115 ss1532\"><div><div class=\"ps315 ss1531\"><span class=\"f charStyle-81df793a ps21114\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1579\"><div><div class=\"ps8886 ss553\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20383 ss1552\"><div><div class=\"ps15529 ss123\"><span class=\"f charStyle-04d636da ps14659\">Note<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21117 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21118 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21119 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21120\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1746\"><div><div class=\"ps9321 ss553\"><span class=\"f charStyle-bd419927 ps22\">Equity investments measured at fair value through other <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss553\"><span class=\"f charStyle-bd419927 ps22\">comprehensive income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21122 ss1536\"><div><div class=\"ps15197 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21124 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21125 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21127 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18467 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13567 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21128 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21129 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21130 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21131 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21132 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8270 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21133 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21134 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21135 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21136 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21137 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">23<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10729 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21138 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21139 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21140 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21141 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1612 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21142 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21143 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21144 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21145 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21146 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21147 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21148 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21149 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21150 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The following table provides a reconciliation from the opening balance to the closing balance for fair value measurements categorised in Level 3</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.93pt\">of fair value in </span><span class=\"f charStyle-24b91321 ps21154\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21155\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21156\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21157\" style=\"width:2.05pt\">:</span></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:333pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss570\"><div><div class=\"ps8886 ss568\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8518 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6150\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6157 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-81df793a ps22\">At 1 January<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21158 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6163 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-3769e72f ps22\">Other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21160 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps21159\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6168 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps21161\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-81df793a ps22\">At 31 December<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21162 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6172 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The fair value of equity investments categorised within Level 1 is determined by reference to their quoted market price at the reporting date. A</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21163 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">market is regarded as active if quoted prices are readily and regularly, and those prices represent actual and regularly occurring market</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps21165 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.75pt\">transactions on an arm\u2019s length basis.</span><span class=\"f charStyle-24b91321 ps21164\" style=\"width:2.05pt\"> </span></div><div class=\"ps21166 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">A description of the valuation techniques used to determine the fair value of derivative financial instruments, categorised within Level 2, is</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps21168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:54.9pt\">included in Note </span><span class=\"f charStyle-24b91321 ps16359\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps21167\" style=\"width:144.16pt\"> \u201cDerivative assets and Derivative liabilities\u201d.</span></div><div class=\"ps21169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Instruments included in Level 3 comprised primarily equity investments for which there is no quoted market price in an active market and there is</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps21170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:353.99pt\">insufficient financial information in order to determine fair value, and cost is used as an estimate of fair value.</span></div><div class=\"ps21171 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Assets and liabilities not measured at fair value</span></div><div class=\"ps21172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The estimated fair values for financial assets and liabilities that are not measured at fair value in the statement of financial position at</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps21173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:49.16pt\"> are as follows:</span></div><div class=\"ps21256 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:164.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21175 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-81df793a ps21174\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1750\"><div><div class=\"ps9091 ss1749\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21177 ss762\"><div><div class=\"ps14668 ss722\"><span class=\"f charStyle-04d636da ps21176\">Note<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5851 ss515\"><div><div class=\"ps1327 ss506\"><span class=\"f charStyle-81df793a ps15715\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21178 ss1393\"><div><div class=\"ps1327 ss555\"><span class=\"f charStyle-81df793a ps10785\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7367 ss1573\"><div><div class=\"ps1327 ss405\"><span class=\"f charStyle-81df793a ps21179\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4923 ss4\"><div><div class=\"ps2180 ss3\"><span class=\"f charStyle-81df793a ps9104\">Total Fair <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps21180\">Value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20783 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps21181\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Retail financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21182 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21183 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21185 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21187 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.3pt\"></span></span><span class=\"ps21186\">4<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21188 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.55pt\"></span></span><span class=\"ps10305\">4<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20788 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:55.3pt\"></span></span><span class=\"ps21189\">4<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Dealer financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21190 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21191 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21192 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21194 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:30.56pt\"></span></span><span class=\"ps21193\">4,702<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21196 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.81pt\"></span></span><span class=\"ps21195\">4,702<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21198 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:42.56pt\"></span></span><span class=\"ps21197\">4,703<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Finance leases<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21199 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21200 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21201 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21203 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:39.66pt\"></span></span><span class=\"ps21202\">50<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21205 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:29.91pt\"></span></span><span class=\"ps21204\">50<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21207 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:51.66pt\"></span></span><span class=\"ps21206\">51<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Other receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21208 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21209 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21210 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21211 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:39.66pt\"></span></span><span class=\"ps21202\">73<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15661 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:29.91pt\"></span></span><span class=\"ps21204\">73<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21212 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:51.66pt\"></span></span><span class=\"ps21206\">73<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Receivables from financing activities</span><span class=\"f charStyle-9c51b8bc ps21213\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21214 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21215 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21216 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:30.56pt\"></span></span><span class=\"ps21193\">4,829<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21217 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.81pt\"></span></span><span class=\"ps21195\">4,829<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21218 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:42.56pt\"></span></span><span class=\"ps21197\">4,831<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6010 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Asset-backed financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21219 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21220 ss520\"><div><div class=\"ps14309 ss506\"><span class=\"f charStyle-b52ff267 ps10711\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21221 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:34.31pt\"></span></span><span class=\"ps8325\">3,166<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21222 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.39pt\"></span></span><span class=\"ps7516\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21223 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.81pt\"></span></span><span class=\"ps21195\">3,166<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21224 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:42.56pt\"></span></span><span class=\"ps21197\">3,166<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6015 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Borrowings from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21225 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21226 ss520\"><div><div class=\"ps14309 ss506\"><span class=\"f charStyle-b52ff267 ps10711\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21227 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:34.31pt\"></span></span><span class=\"ps8325\">2,270<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21228 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.39pt\"></span></span><span class=\"ps7516\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21229 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.81pt\"></span></span><span class=\"ps21195\">2,270<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21230 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:42.56pt\"></span></span><span class=\"ps21197\">2,274<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6020 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Payables represented by securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21231 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21232 ss520\"><div><div class=\"ps14309 ss506\"><span class=\"f charStyle-b52ff267 ps10711\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21233 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.41pt\"></span></span><span class=\"ps8268\">59<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21234 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.39pt\"></span></span><span class=\"ps7516\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21235 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:29.91pt\"></span></span><span class=\"ps21204\">59<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21236 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:51.66pt\"></span></span><span class=\"ps21206\">59<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8203 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21237 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21238 ss520\"><div><div class=\"ps14309 ss506\"><span class=\"f charStyle-b52ff267 ps10711\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21239 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21241 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.02pt\"></span></span><span class=\"ps21240\">189<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21243 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:26.27pt\"></span></span><span class=\"ps21242\">189<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21245 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:48.02pt\"></span></span><span class=\"ps21244\">189<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11591 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-3769e72f ps22\">Other debt</span><span class=\"f charStyle-a5ada9bf ps14914\"><span class=\"f ps13\"> </span><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21246 ss763\"><div><div class=\"ps14309 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21247 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21248 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.41pt\"></span></span><span class=\"ps8268\">63<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21249 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.02pt\"></span></span><span class=\"ps21240\">310<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15708 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:26.27pt\"></span></span><span class=\"ps21242\">373<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21250 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:48.02pt\"></span></span><span class=\"ps21244\">373<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11601 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-81df793a ps22\">Total Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21251 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21252 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:34.31pt\"></span></span><span class=\"ps8325\">5,558<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21253 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.02pt\"></span></span><span class=\"ps21240\">499<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21254 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.81pt\"></span></span><span class=\"ps21195\">6,057<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21255 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:42.56pt\"></span></span><span class=\"ps21197\">6,061<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21260 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-5ad4a1b7 ps18\"> (1) At </span><span class=\"f charStyle-5ad4a1b7 ps21257\">31\u00a0December 2025</span><span class=\"f charStyle-5ad4a1b7 ps4248\">, Receivables from financing activities includes \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-5ad4a1b7 ps21258\">285</span><span class=\"f charStyle-5ad4a1b7 ps21259\"> million of financial receivables from CNH classified as Level 3.</span></div><div class=\"ps21267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:17.14pt\">(2) At </span><span class=\"f charStyle-5ad4a1b7 ps21261\" style=\"width:50.32pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-5ad4a1b7 ps21262\" style=\"width:60.76pt\">, Other debt includes \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps21263\" style=\"width:9.57pt\">165</span><span class=\"f charStyle-5ad4a1b7 ps21264\" style=\"width:201.31pt\"> million of financial payables to CNH classified as Level 3. It also includes \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps21265\" style=\"width:9.57pt\">164</span><span class=\"f charStyle-5ad4a1b7 ps21266\" style=\"width:127.43pt\"> million of net financial payables to Discontinued</span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps21268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:82.54pt\">Operations classified as Level 3.</span></div><div class=\"ps21289 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:164.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:56.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"9\" style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21175 ss1341\"><div><div class=\"ps961 ss783\"><span class=\"f charStyle-81df793a ps21174\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss1750\"><div><div class=\"ps9091 ss1749\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21177 ss762\"><div><div class=\"ps14668 ss722\"><span class=\"f charStyle-04d636da ps21176\">Note<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5851 ss515\"><div><div class=\"ps1327 ss506\"><span class=\"f charStyle-81df793a ps15715\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21178 ss1393\"><div><div class=\"ps1327 ss555\"><span class=\"f charStyle-81df793a ps10785\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7367 ss1357\"><div><div class=\"ps1327 ss236\"><span class=\"f charStyle-81df793a ps21269\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4923 ss515\"><div><div class=\"ps2180 ss506\"><span class=\"f charStyle-81df793a ps9092\">Total Fair <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss506\"><span class=\"f charStyle-81df793a ps21270\">Value<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21271 ss1752\"><div><div class=\"ps1327 ss502\"><span class=\"f charStyle-81df793a ps14443\">Carrying amount<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2457 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Retail financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21182 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21183 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21185 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21187 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps20465\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21188 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9188\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21273 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps21272\">26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3177 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Dealer financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21190 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21191 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21192 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21194 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps20480\">5,006<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21196 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">5,006<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21274 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps20850\">5,007<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps66 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Finance leases<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21199 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21200 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21201 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21203 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps20465\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21205 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9188\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21275 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps21272\">57<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3193 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Other receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21208 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21209 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21210 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21211 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps20465\">96<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15661 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9188\">96<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21276 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps21272\">95<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6005 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Receivables from financing activities</span><span class=\"f charStyle-9c51b8bc ps21213\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21214 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21215 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:44.14pt\"></span></span><span class=\"ps21184\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21216 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:31.31pt\"></span></span><span class=\"ps21277\">5,183<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21217 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:22.31pt\"></span></span><span class=\"ps21278\">5,183<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21280 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.06pt\"></span></span><span class=\"ps21279\">5,185<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps6010 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Asset-backed financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21219 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21220 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21221 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8321\">3,558<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21222 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21223 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,558<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21281 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps20850\">3,558<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6015 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Borrowings from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21225 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21226 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21227 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8321\">2,344<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21228 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21229 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">2,344<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21282 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps20850\">2,344<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6020 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Payables represented by securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21231 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21232 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21233 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8281\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21234 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21235 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9188\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21283 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps21272\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8203 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-bd419927 ps22\">Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21237 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21238 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21239 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8277\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21241 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps17433\">199<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21243 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">199<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21285 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps21284\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11591 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-3769e72f ps22\">Other debt</span><span class=\"f charStyle-a5ada9bf ps14914\"><span class=\"f ps13\"> </span><sup>(2)</sup></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21246 ss763\"><div><div class=\"ps15529 ss722\"><span class=\"f charStyle-b52ff267 ps13641\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21247 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9146\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21248 ss1403\"><div><div class=\"ps315 ss555\"><span class=\"f charStyle-bd419927 ps8281\">19<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21249 ss685\"><div><div class=\"ps315 ss236\"><span class=\"f charStyle-bd419927 ps17433\">151<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15708 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">170<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21286 ss518\"><div><div class=\"ps315 ss502\"><span class=\"f charStyle-81df793a ps21284\">170<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11601 ss1751\"><div><div class=\"ps961 ss1749\"><span class=\"f charStyle-81df793a ps22\">Total Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21251 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:32.14pt\"></span></span><span class=\"ps9859\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21252 ss1403\"><div><div class=\"ps961 ss555\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:34.31pt\"></span></span><span class=\"ps8325\">5,956<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21253 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.77pt\"></span></span><span class=\"ps21287\">350<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21254 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:22.31pt\"></span></span><span class=\"ps21278\">6,306<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21288 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.06pt\"></span></span><span class=\"ps21279\">6,306<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21295 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-5ad4a1b7 ps18\"> (1)</span><span class=\"f charStyle-50993fa8 ps718\"> </span><span class=\"f charStyle-5ad4a1b7 ps21290\">At </span><span class=\"f charStyle-5ad4a1b7 ps21291\">31\u00a0December 2024</span><span class=\"f charStyle-5ad4a1b7 ps21292\">, Receivables from financing activities included \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps21293\">220</span><span class=\"f charStyle-5ad4a1b7 ps21294\"> million of financial receivables from CNH classified as Level 3.</span></div><div class=\"ps21297 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-5ad4a1b7 ps18\">(2) At <span class=\"f ps13\"> </span></span><span class=\"f charStyle-5ad4a1b7 ps20691\">31\u00a0December 2024</span><span class=\"f charStyle-5ad4a1b7 ps20692\">, Other debt included \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps21296\">151</span><span class=\"f charStyle-5ad4a1b7 ps12581\"> million of financial payables to CNH classified as Level 3.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Receivables from financing activities</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">The fair value of Receivables from financing activities is based on the discounted values of their related cash flows at market discount rates that</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">reflect conditions applied in various reference markets on receivables with similar characteristic, adjusted to take into account the credit risk of the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:48.76pt\">counterparties.</span></div><div class=\"ps2844 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Debt</span></div><div class=\"ps2846 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The fair value of Asset-backed financing, Borrowings from banks, Payable represented by securities and Other debt are included in the Level 2</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">and has been estimated based on discounted cash flows analysis using the current market interest rates at year-end adjusted for the Group non-</span></div><div class=\"ps1215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:210.54pt\">performance risk over the remaining term of the financial liability.</span><span class=\"f charStyle-24b91321 ps21298\" style=\"width:2.05pt\"> </span></div><div class=\"ps542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The fair value of Lease liabilities classified within Level 3 of the fair value hierarchy has been estimated using discounted cash flow models that</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:189.3pt\">require significant adjustments using unobservable inputs.</span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other financial assets and liabilities</span></div><div class=\"ps2893 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">The carrying amount of Cash at banks, Restricted cash, Other cash equivalents, Trade receivables, Other current receivables and financial</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2894 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">assets, Trade payables and Other liabilities included in the Consolidated Statement of Financial Position approximates their fair value, due to the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.65pt\">short maturity of these items.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-620": {
   "value": "<div class=\"ps8357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:412.82pt\">The following table provides an analysis by due date of the notional amount of outstanding derivative financial instruments at </span><span class=\"f charStyle-24b91321 ps19267\" style=\"width:63.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps8360 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:14.35pt\">and </span><span class=\"f charStyle-24b91321 ps2051\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps10691\" style=\"width:2.05pt\">:</span></div><div class=\"ps19310 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:276.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:57.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19271 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19275 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19277 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19279 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19282 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19283 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19284 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,201<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19286 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19287 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17537 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19288 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">565<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps767 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19289 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,270<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19290 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">427<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19291 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17950\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19292 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,766<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19293 ss1612\"><div><div class=\"ps961 ss1611\"><span class=\"f charStyle-81df793a ps19268\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1614\"><div><div class=\"ps18847 ss1613\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19294 ss1615\"><div><div class=\"ps2249 ss965\"><span class=\"f charStyle-81df793a ps10945\">due within <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss965\"><span class=\"f charStyle-81df793a ps19270\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19295 ss1460\"><div><div class=\"ps2248 ss679\"><span class=\"f charStyle-81df793a ps19272\">due between <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss679\"><span class=\"f charStyle-81df793a ps19273\">one and five </span></div><div class=\"ps2250 ss679\"><span class=\"f charStyle-81df793a ps19274\">years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19296 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps17961\">due <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19297 ss1616\"><div><div class=\"ps2250 ss506\"><span class=\"f charStyle-81df793a ps19278\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2346 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Currency risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19298 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19280\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19299 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9777\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19300 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19301 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps11663\">3,203<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2348 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-bd419927 ps22\">Interest rate risk<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19302 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-bd419927 ps19285\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19303 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-bd419927 ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19304 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19305 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-bd419927 ps9142\">650<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1617\"><div><div class=\"ps315 ss1613\"><span class=\"f charStyle-81df793a ps22\">Total notional amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19306 ss1618\"><div><div class=\"ps315 ss965\"><span class=\"f charStyle-81df793a ps19280\">3,238<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19307 ss684\"><div><div class=\"ps315 ss679\"><span class=\"f charStyle-81df793a ps9736\">477<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19308 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19309 ss520\"><div><div class=\"ps315 ss506\"><span class=\"f charStyle-81df793a ps11663\">3,853<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20589 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Debt</span></div><div class=\"ps20590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The following table presents the Group's contractual undiscounted cash flows, including expected interest payments, relating to Debt, as well as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.54pt\">an analysis of Debt by nature:</span></div><div class=\"ps20690 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:106.5pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:32.25pt\"></td><td style=\"padding:0;width:36.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20593 ss1704\"><div><div class=\"ps961 ss703\"><span class=\"f charStyle-81df793a ps20592\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20595 ss1705\"><div><div class=\"ps961 ss1059\"><span class=\"f charStyle-81df793a ps20594\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1707\"><div><div class=\"ps20596 ss1706\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20603 ss1708\"><div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps20599\">within one </span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps20601\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14881 ss1709\"><div><div class=\"ps3931 ss511\"><span class=\"f charStyle-81df793a ps20604\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20598 ss511\"><span class=\"f charStyle-81df793a ps20605\">between </span></div><div class=\"ps20600 ss511\"><span class=\"f charStyle-81df793a ps20606\">one and <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss511\"><span class=\"f charStyle-81df793a ps20607\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20609 ss1710\"><div><div class=\"ps20598 ss1184\"><span class=\"f charStyle-81df793a ps20608\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps20602 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18459 ss1711\"><div><div class=\"ps20602 ss276\"><span class=\"f charStyle-81df793a ps16291\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1712\"><div><div class=\"ps20600 ss785\"><span class=\"f charStyle-81df793a ps20610\">Carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss785\"><span class=\"f charStyle-81df793a ps1795\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20612 ss1711\"><div><div class=\"ps20598 ss276\"><span class=\"f charStyle-81df793a ps2652\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss276\"><span class=\"f charStyle-81df793a ps14941\">within </span></div><div class=\"ps20602 ss276\"><span class=\"f charStyle-81df793a ps20611\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20613 ss1708\"><div><div class=\"ps3931 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps14691\">between <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps15894\">one and <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps14674\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20615 ss1708\"><div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps20614\">beyond </span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps14674\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20616 ss1713\"><div><div class=\"ps20602 ss1015\"><span class=\"f charStyle-81df793a ps16112\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20618 ss1710\"><div><div class=\"ps20600 ss1184\"><span class=\"f charStyle-81df793a ps20617\">Carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss1184\"><span class=\"f charStyle-81df793a ps19550\">amount</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Asset-backed financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20619 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">3,187<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20620 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19890\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20621 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20622 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">3,191<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20623 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">3,166<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20624 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps11255\">3,576<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20625 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11570\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20626 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20627 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">3,580<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20628 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">3,558<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8492 ss1714\"><div><div class=\"ps961 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Other debt:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8497 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Borrowings from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20629 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">562<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20631 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps20630\">1,798<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14481 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20632 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">2,447<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20633 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">2,274<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20634 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">728<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20635 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,663<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20636 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">168<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20637 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">2,559<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20638 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">2,344<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps322 ss1715\"><div><div class=\"ps2039 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Payables represented by <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20639 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11580\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20640 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20641 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20642 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17953\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20643 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps18909\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20644 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17953\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20645 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20646 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20647 ss1081\"><div><div class=\"ps1327 ss1015\"><span class=\"f charStyle-81df793a ps4962\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20648 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-81df793a ps17950\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20649 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20650 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11580\">62<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20651 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19882\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20652 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">49<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20653 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps17941\">216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20654 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps13852\">189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20655 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17953\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20656 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">111<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20657 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11580\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20658 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps17431\">230<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20659 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2613 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-3769e72f ps8271\">Other</span><span class=\"f charStyle-a5ada9bf ps20660\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20661 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">369<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20662 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19890\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20663 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20664 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps17941\">373<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20665 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps13852\">373<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20666 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">168<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10350 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11570\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20667 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20668 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps17431\">170<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20669 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">170<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14971 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Total Other debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20670 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,052<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20671 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps20630\">1,905<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20672 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20673 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">3,095<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20674 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">2,895<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20675 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">996<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20676 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,776<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20677 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">222<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20678 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">2,994<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20679 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">2,748<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11009 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-81df793a ps22\">Total Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20680 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11555\">4,239<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20681 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-81df793a ps20630\">1,909<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20682 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20683 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">6,286<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20684 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">6,061<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20685 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">4,572<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20686 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11555\">1,780<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20687 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11563\">222<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20688 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">6,574<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20689 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">6,306<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:15.6pt\">(1) At </span><span class=\"f charStyle-5ad4a1b7 ps20691\" style=\"width:48.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-5ad4a1b7 ps20692\" style=\"width:44.93pt\">, Other includes \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps20693\" style=\"width:9.57pt\">164</span><span class=\"f charStyle-5ad4a1b7 ps9807\" style=\"width:153.27pt\"> million of net financial payables to Discontinued Operations.</span></div><div class=\"ps20703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:57.14pt\">Total Debt was \u20ac</span><span class=\"f charStyle-24b91321 ps20695\" style=\"width:18.45pt\">6,061</span><span class=\"f charStyle-24b91321 ps20696\" style=\"width:34.99pt\"> million at </span><span class=\"f charStyle-24b91321 ps20697\" style=\"width:63.92pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20698\" style=\"width:57.37pt\">, a decrease of \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20699\" style=\"width:12.3pt\">245</span><span class=\"f charStyle-24b91321 ps20700\" style=\"width:70.43pt\"> million compared to <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20701\" style=\"width:63.92pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20702\" style=\"width:97.44pt\"> primarily as a result of lower</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:250.74pt\">Financial Services portfolio and the repayment of Debt of Industrial Activities.</span></div><div class=\"ps16925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The item Asset-backed financing represents the financing received through both asset-backed securitisations and factoring transactions which do</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps20705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:364.7pt\">not meet IFRS 9 derecognition requirements and are recognised as assets in the statement of financial position.</span><span class=\"f charStyle-24b91321 ps20704\" style=\"width:2.05pt\"> </span></div><div class=\"ps20710 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.99pt\">Referring to Lease liabilities, in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20706\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps20707\" style=\"width:9.92pt\">, \u20ac</span><span class=\"f charStyle-24b91321 ps16451\" style=\"width:8.2pt\">69</span><span class=\"f charStyle-24b91321 ps16452\" style=\"width:132.46pt\"> million for the principal portion and \u20ac</span><span class=\"f charStyle-24b91321 ps20708\" style=\"width:4.1pt\">9</span><span class=\"f charStyle-24b91321 ps20709\" style=\"width:194pt\"> million for interest expenses related to Lease liabilities,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.73pt\">respectively, were paid (\u20ac</span><span class=\"f charStyle-24b91321 ps6412\" style=\"width:8.2pt\">67</span><span class=\"f charStyle-24b91321 ps20711\" style=\"width:187.83pt\"> million for the principal portion of Lease liabilities and \u20ac</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:8.2pt\">10</span><span class=\"f charStyle-24b91321 ps20712\" style=\"width:186.01pt\"> million for interest expenses, respectively, were paid in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps10031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).</span></div><div class=\"ps10130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:222.87pt\">The following table sets out a maturity analysis of Lease liabilities at </span><span class=\"f charStyle-24b91321 ps20714\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps12314\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20715\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20716\" style=\"width:2.05pt\">:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1716 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:315.75pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:78.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1678\"><div><div class=\"ps8886 ss1677\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"><div class=\"ps20166 ss652\"><div><div class=\"ps313 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;padding:0\"><div class=\"ps20718 ss652\"><div><div class=\"ps313 ss332\"><span class=\"f charStyle-81df793a ps18423\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Less than one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps20167 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">62<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #929292;padding:0\"><div class=\"ps19324 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">65<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">One to two years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20168 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20719 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">44<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Two to three years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20720 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">30<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20721 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Three to four years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20722 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20723 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">22<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Four to five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20724 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20725 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">15<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">More than five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20726 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">49<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20727 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps16845\">54<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-81df793a ps22\">Total undiscounted lease payments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20728 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20729 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">230<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps831 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Less: Interest<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps20730 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps9506\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps20731 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-bd419927 ps9506\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1678\"><div><div class=\"ps961 ss1677\"><span class=\"f charStyle-81df793a ps22\">Total Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20732 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20733 ss652\"><div><div class=\"ps315 ss332\"><span class=\"f charStyle-81df793a ps9503\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.82pt\">At </span><span class=\"f charStyle-24b91321 ps20734\" style=\"width:64.3pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20735\" style=\"width:401.97pt\">, the weighted average remaining lease term (calculated on the basis of the remaining lease term and the lease liability</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20262 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:280.32pt\">balance for each lease) and the weighted average discount rate for leases were </span><span class=\"f charStyle-24b91321 ps20736\" style=\"width:10.25pt\">6.2</span><span class=\"f charStyle-24b91321 ps20737\" style=\"width:40.74pt\"> years and </span><span class=\"f charStyle-24b91321 ps20738\" style=\"width:16.81pt\">4.1%</span><span class=\"f charStyle-24b91321 ps20739\" style=\"width:50.36pt\">, respectively (</span><span class=\"f charStyle-24b91321 ps20740\" style=\"width:10.25pt\">6.3</span><span class=\"f charStyle-24b91321 ps20741\" style=\"width:40.74pt\"> years and </span><span class=\"f charStyle-24b91321 ps20742\" style=\"width:16.81pt\">4.3%</span><span class=\"f charStyle-24b91321 ps20743\" style=\"width:9.62pt\"> at</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps20744\" style=\"width:2.05pt\"> </span></div><div class=\"ps20745 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">In April 2025, Iveco Group established its Euro Medium Term Note Programme for the issuance of Notes totalling up to a maximum amount of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps20748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">\u20ac2</span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:2.34pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps10212\" style=\"width:215.93pt\">billion, which is listed on the regulated market of Euronext Dublin.</span><span class=\"f charStyle-24b91321 ps20746\" style=\"width:47.27pt\"> Furthermore, </span><span class=\"f charStyle-24b91321 ps20747\" style=\"width:202.28pt\">Iveco Group has established a commercial paper program. In</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.56pt\">Europe, IC Financial Services S.A. issued commercial paper under the program which had an amount of \u20ac59 million outstanding at </span><span class=\"f charStyle-24b91321 ps20749\" style=\"width:44.44pt\">31\u00a0December<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20753 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:49.96pt\"> (\u20ac35\u00a0million at </span><span class=\"f charStyle-24b91321 ps20751\" style=\"width:62.7pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps16958\" style=\"width:4.5pt\">).</span><span class=\"f charStyle-24b91321 ps20752\" style=\"width:2.05pt\"> </span></div><div class=\"ps20754 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">As of 31 December 2025, the credit rating assigned by Fitch Ratings to Iveco Group N.V. is a Long-Term Issuer Default Rating (IDR) of \u2018BBB-\u2019.</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20755 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:95.46pt\">The Rating Watch is positive.</span></div><div class=\"ps20756 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:373.7pt\">For further information on the management of interest rate and currency risk reference should be made to Note 30.</span></div><div class=\"ps20761 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.93pt\">At </span><span class=\"f charStyle-24b91321 ps20757\" style=\"width:64.52pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20758\" style=\"width:18.22pt\"> and </span><span class=\"f charStyle-24b91321 ps20759\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20760\" style=\"width:366.87pt\">, there was no significant debt secured with mortgages and other liens on assets of the Group, and the total</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20766 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:221.24pt\">carrying amount of assets acting as security was not significant at </span><span class=\"f charStyle-24b91321 ps20762\" style=\"width:63.66pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20763\" style=\"width:17.36pt\"> and </span><span class=\"f charStyle-24b91321 ps20764\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20765\" style=\"width:157.44pt\">. In addition, the Group\u2019s assets include current</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20768 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:355.14pt\">receivables and cash with a pre-determined use reserved primarily to settle asset-backed financing of \u20ac</span><span class=\"f charStyle-24b91321 ps13100\" style=\"width:18.45pt\">3,166</span><span class=\"f charStyle-24b91321 ps11248\" style=\"width:37.09pt\"> million at </span><span class=\"f charStyle-24b91321 ps20767\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps20771 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:6.55pt\">(\u20ac</span><span class=\"f charStyle-24b91321 ps17042\" style=\"width:18.45pt\">3,558</span><span class=\"f charStyle-24b91321 ps17485\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps20769\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20770\" style=\"width:4.5pt\">).</span></div><div class=\"ps20773 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">25. Trade payables</span></div><div class=\"ps20774 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:183.18pt\">An analysis by due date of Trade payables is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20789 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:208.5pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7671 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1717\"><div><div class=\"ps9091 ss87\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7680 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20780 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18642 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20783 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1719\"><div><div class=\"ps961 ss87\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20785 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,719<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20786 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20787 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20788 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,753<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5728 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss383\"><div><div class=\"ps961 ss234\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,947<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,956<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21069 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Liquidity risk</span></div><div class=\"ps21070 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:360.57pt\">We are exposed to funding risk if there is difficulty in obtaining finance for operations at any given point in time.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The cash flows, funding requirements and liquidity of our subsidiaries are monitored on a centralized basis. The aim of this centralized system is</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.46pt\">to optimize the efficiency and effectiveness of the management of our capital resources.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Additionally, as part of our activities, we regularly carry out funding operations on the various financial markets which may take on different</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:349.52pt\">technical forms and which are aimed at ensuring that it has an adequate level of current and future liquidity.</span></div><div class=\"ps1211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Measures taken to generate financial resources through operations and to maintain an adequate level of available liquidity are an important factor</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">in ensuring normal operating conditions and addressing strategic challenges. We therefore plan to meet our requirements to settle liabilities as</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">they fall due and to cover expected capital expenditures by using cash flows from operations and available liquidity, renewing or refinancing bank</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.2pt\">loans and making recourse to the bond market and other forms of funding.</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The main factors that determine our liquidity situation are the funds generated by or used in operating and investing activities and the debt lending</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.95pt\">period and its renewal features or the liquidity of the funds employed and market terms and conditions.</span></div><div class=\"ps544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">Iveco Group has adopted a series of policies and procedures whose purpose is to optimize the management of funds and to reduce the liquidity</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:49.97pt\">risk, as follows:</span></div><div class=\"ps547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:467.06pt\">centralizing the management of receipts and payments, where it may be economical in the context of the local statutory, currency and fiscal</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps903\" style=\"width:167.99pt\">regulations of the countries in which we are present</span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:163.87pt\">maintaining an adequate level of available liquidity</span></div><div class=\"ps2853 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:407.34pt\">diversifying the means by which funds are obtained and maintaining a continuous and active presence on the capital markets</span></div><div class=\"ps1538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:99.98pt\">obtaining adequate credit lines<span class=\"f ps13\"> </span></span></div><div class=\"ps1540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:195.03pt\">monitoring future liquidity on the basis of business planning.</span></div><div class=\"ps3324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:360.51pt\">Details as to the repayment structure of the Iveco Group\u2019s financial assets and liabilities are provided in Note </span><span class=\"f charStyle-24b91321 ps21071\" style=\"width:8.2pt\">17</span><span class=\"f charStyle-24b91321 ps21072\" style=\"width:107.19pt\"> \u201cCurrent Receivables and Other</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps6759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.7pt\">current financial assets\u201d and in Note </span><span class=\"f charStyle-24b91321 ps21073\" style=\"width:8.2pt\">24</span><span class=\"f charStyle-24b91321 ps21074\" style=\"width:333.89pt\"> \u201cDebt\u201d. Details of the repayment structure of derivative financial instruments are provided in Note </span><span class=\"f charStyle-24b91321 ps21075\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps6997 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.11pt\">\u201cDerivative assets and Derivative liabilities\u201d.</span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Management believes that the funds currently available, together with the funds that will be generated from operating and financing activities, will</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">enable Iveco Group to satisfy its requirements resulting from its investing activities and working capital needs and to fulfil its obligations to repay</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps7000 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:109.42pt\">its debts at their natural due date.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-622": {
   "value": "<div class=\"ps723 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">19. Cash and cash equivalents</span></div><div class=\"ps19311 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.78pt\">Cash and cash equivalents consist of:<span class=\"f ps13\"> </span></span></div><div class=\"ps19313 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:300.75pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss745\"><div><div class=\"ps8886 ss744\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11256 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11258 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Cash at banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11260 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">2,502<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11261 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">3,120<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Restricted cash<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11264 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19312 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">96<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Money market securities and other cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11265 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">370<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11266 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-81df793a ps22\">Total Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11269 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">2,953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11271 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">3,513<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19314 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Amounts shown are readily convertible into cash and are subject to an insignificant risk of changes in value. Restricted cash mainly consists of</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.44pt\">Central Bank deposits established for regulatory purposes by a subsidiary benefitting from a banking license.<span class=\"f ps13\"> </span></span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The credit risk associated with Cash and cash equivalents is considered not significant, because it mainly relates to deposits spread across</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:176.96pt\">primary national and international financial institutions.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-621": {
   "value": "<div class=\"ps723 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">19. Cash and cash equivalents</span></div><div class=\"ps19311 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.78pt\">Cash and cash equivalents consist of:<span class=\"f ps13\"> </span></span></div><div class=\"ps19313 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:300.75pt\"></td><td style=\"padding:0;width:84.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss745\"><div><div class=\"ps8886 ss744\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11256 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11258 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11255\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Cash at banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11260 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">2,502<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11261 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11259\">3,120<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Restricted cash<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11264 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19312 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11270\">96<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-bd419927 ps22\">Money market securities and other cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11265 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">370<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11266 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-bd419927 ps11276\">297<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss745\"><div><div class=\"ps961 ss744\"><span class=\"f charStyle-81df793a ps22\">Total Cash and cash equivalents<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11269 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">2,953<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11271 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps11259\">3,513<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19314 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Amounts shown are readily convertible into cash and are subject to an insignificant risk of changes in value. Restricted cash mainly consists of</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:354.44pt\">Central Bank deposits established for regulatory purposes by a subsidiary benefitting from a banking license.<span class=\"f ps13\"> </span></span></div><div class=\"ps1182 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The credit risk associated with Cash and cash equivalents is considered not significant, because it mainly relates to deposits spread across</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps12479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:176.96pt\">primary national and international financial institutions.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-624": {
   "value": "<div class=\"ps19315 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">20. Assets and liabilities held for sale</span></div><div class=\"ps19316 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:186.4pt\">, assets and liabilities held for sale included the following:</span></div><div class=\"ps19350 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1325 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:191.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:77.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"2\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps19317 ss1619\"><div><div class=\"ps961 ss823\"><span class=\"f charStyle-81df793a ps5679\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps18196 ss1621\"><div><div class=\"ps961 ss1620\"><span class=\"f charStyle-81df793a ps19318\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss1623\"><div><div class=\"ps10276 ss1622\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19320 ss1624\"><div><div class=\"ps9632 ss1330\"><span class=\"f charStyle-81df793a ps19319\">Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19321 ss1625\"><div><div class=\"ps9632 ss332\"><span class=\"f charStyle-81df793a ps13527\">Liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19322 ss1624\"><div><div class=\"ps9632 ss1330\"><span class=\"f charStyle-81df793a ps19319\">Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19324 ss1626\"><div><div class=\"ps9632 ss585\"><span class=\"f charStyle-81df793a ps19323\">Liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6443 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-3769e72f ps22\">Defence business</span><span class=\"f charStyle-a5ada9bf ps19325\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19327 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.31pt\"></span></span><span class=\"ps19326\">1,221<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19329 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:62.27pt\"></span></span><span class=\"ps19328\">908<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19330 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:53.14pt\"></span></span><span class=\"ps5892\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19332 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.14pt\"></span></span><span class=\"ps19331\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16915 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-3769e72f ps22\">Fire Fighting business</span><span class=\"f charStyle-a5ada9bf ps19333\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19334 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:53.14pt\"></span></span><span class=\"ps5892\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19336 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.64pt\"></span></span><span class=\"ps19335\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19338 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:48.77pt\"></span></span><span class=\"ps19337\">399<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19340 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:60.77pt\"></span></span><span class=\"ps19339\">263<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1802 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-3769e72f ps22\">Other</span><span class=\"f charStyle-a5ada9bf ps5654\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19342 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:56.05pt\"></span></span><span class=\"ps19341\">5<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19343 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.64pt\"></span></span><span class=\"ps19335\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19344 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:56.05pt\"></span></span><span class=\"ps19341\">5<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19345 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.14pt\"></span></span><span class=\"ps19331\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1804 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-db2d9ea7 ps22\">Total</span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19346 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.31pt\"></span></span><span class=\"ps19326\">1,226<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19347 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:62.27pt\"></span></span><span class=\"ps19328\">908<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19348 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:48.77pt\"></span></span><span class=\"ps19337\">404<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19349 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:60.77pt\"></span></span><span class=\"ps19339\">263<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19351 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:301.71pt\">(1) For further information on these assets and liabilities held for sale, see paragraph \"Discontinued Operations\" above.</span></div><div class=\"ps19352 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:137.02pt\">(2) In both periods this item included certain buildings.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-623": {
   "value": "<div class=\"ps19315 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">20. Assets and liabilities held for sale</span></div><div class=\"ps19316 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.02pt\">At <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1236\" style=\"width:62.7pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps18211\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18212\" style=\"width:186.4pt\">, assets and liabilities held for sale included the following:</span></div><div class=\"ps19350 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1325 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:191.25pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:78.75pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:77.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"2\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps19317 ss1619\"><div><div class=\"ps961 ss823\"><span class=\"f charStyle-81df793a ps5679\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"2\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps18196 ss1621\"><div><div class=\"ps961 ss1620\"><span class=\"f charStyle-81df793a ps19318\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss1623\"><div><div class=\"ps10276 ss1622\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19320 ss1624\"><div><div class=\"ps9632 ss1330\"><span class=\"f charStyle-81df793a ps19319\">Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19321 ss1625\"><div><div class=\"ps9632 ss332\"><span class=\"f charStyle-81df793a ps13527\">Liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19322 ss1624\"><div><div class=\"ps9632 ss1330\"><span class=\"f charStyle-81df793a ps19319\">Assets held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19324 ss1626\"><div><div class=\"ps9632 ss585\"><span class=\"f charStyle-81df793a ps19323\">Liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6443 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-3769e72f ps22\">Defence business</span><span class=\"f charStyle-a5ada9bf ps19325\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19327 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.31pt\"></span></span><span class=\"ps19326\">1,221<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19329 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:62.27pt\"></span></span><span class=\"ps19328\">908<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19330 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:53.14pt\"></span></span><span class=\"ps5892\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19332 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.14pt\"></span></span><span class=\"ps19331\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16915 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-3769e72f ps22\">Fire Fighting business</span><span class=\"f charStyle-a5ada9bf ps19333\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19334 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:53.14pt\"></span></span><span class=\"ps5892\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19336 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.64pt\"></span></span><span class=\"ps19335\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19338 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:48.77pt\"></span></span><span class=\"ps19337\">399<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19340 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:60.77pt\"></span></span><span class=\"ps19339\">263<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1802 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-3769e72f ps22\">Other</span><span class=\"f charStyle-a5ada9bf ps5654\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19342 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:56.05pt\"></span></span><span class=\"ps19341\">5<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19343 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:66.64pt\"></span></span><span class=\"ps19335\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19344 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:56.05pt\"></span></span><span class=\"ps19341\">5<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19345 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:65.14pt\"></span></span><span class=\"ps19331\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1804 ss1627\"><div><div class=\"ps961 ss1622\"><span class=\"f charStyle-db2d9ea7 ps22\">Total</span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19346 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:43.31pt\"></span></span><span class=\"ps19326\">1,226<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19347 ss652\"><div><div class=\"ps961 ss332\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:62.27pt\"></span></span><span class=\"ps19328\">908<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19348 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:48.77pt\"></span></span><span class=\"ps19337\">404<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19349 ss586\"><div><div class=\"ps961 ss585\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:60.77pt\"></span></span><span class=\"ps19339\">263<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19351 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:301.71pt\">(1) For further information on these assets and liabilities held for sale, see paragraph \"Discontinued Operations\" above.</span></div><div class=\"ps19352 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:137.02pt\">(2) In both periods this item included certain buildings.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-625": {
   "value": "<div class=\"ps2842 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">21. Equity</span></div><div class=\"ps4349 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Share capital </span></div><div class=\"ps4351 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Articles of Association of Iveco Group N.V. provide for authorised share capital of \u20ac8 million, divided into 400 million Common Shares and</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">400\u00a0million Special Voting Shares to be held with associated Common Shares, each having a par value of one euro cent (\u20ac0.01). As of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4304 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.5pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19354\" style=\"width:267.48pt\">, the Company\u2019s share capital was \u20ac3,454,589.70, fully paid-in, and consisted of </span><span class=\"f charStyle-24b91321 ps19355\" style=\"width:41pt\">271,215,400</span><span class=\"f charStyle-24b91321 ps12054\" style=\"width:63.06pt\"> Common Shares (</span><span class=\"f charStyle-24b91321 ps19356\" style=\"width:41pt\">266,346,803</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1562 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.28pt\">Common Shares outstanding, net of </span><span class=\"f charStyle-24b91321 ps19357\" style=\"width:32.8pt\">4,868,597</span><span class=\"f charStyle-24b91321 ps7175\" style=\"width:317.99pt\"> Common Shares held in treasury by the Company as described in the following section) and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps5074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:36.9pt\">74,243,570</span><span class=\"f charStyle-24b91321 ps19358\" style=\"width:83.84pt\"> Special Voting Shares (</span><span class=\"f charStyle-24b91321 ps19359\" style=\"width:36.9pt\">73,903,096</span><span class=\"f charStyle-24b91321 ps19360\" style=\"width:147.68pt\"> Special Voting Shares outstanding, net of </span><span class=\"f charStyle-24b91321 ps19361\" style=\"width:26.65pt\">340,474</span><span class=\"f charStyle-24b91321 ps19362\" style=\"width:144.01pt\"> Special Voting Shares surrendered to the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Company following the de-registration of the corresponding Qualifying Common Shares from the Loyalty Register and which are held as treasury</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">shares by the Company).</span><span class=\"f charStyle-24b91321 ps19363\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-2b67eced ps18\" style=\"width:246.7pt\">Changes in the composition of the share capital of Iveco Group N.V. during </span><span class=\"f charStyle-2b67eced ps19364\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-2b67eced ps19365\" style=\"width:49.16pt\"> are as follows:</span></div><div class=\"ps19456 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:51pt\"></td></tr><tr style=\"height:45.75pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss1628\"><div><div class=\"ps19366 ss504\"><span class=\"f charStyle-2dc7166d ps22\">(number of shares)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19372 ss1629\"><div><div class=\"ps19367 ss236\"><span class=\"f charStyle-a3c6e2ec ps13897\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss236\"><span class=\"f charStyle-a3c6e2ec ps19368\">Common Shares </span></div><div class=\"ps19371 ss236\"><span class=\"f charStyle-a3c6e2ec ps19370\">issued<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps3003 ss1630\"><div><div class=\"ps19367 ss3\"><span class=\"f charStyle-a3c6e2ec ps19373\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss3\"><span class=\"f charStyle-a3c6e2ec ps19374\">Treasury </span></div><div class=\"ps19371 ss3\"><span class=\"f charStyle-a3c6e2ec ps19375\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps3 ss1631\"><div><div class=\"ps19367 ss44\"><span class=\"f charStyle-a3c6e2ec ps19376\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss44\"><span class=\"f charStyle-a3c6e2ec ps19377\">Common Shares </span></div><div class=\"ps19371 ss44\"><span class=\"f charStyle-a3c6e2ec ps13480\">outstanding<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19380 ss1631\"><div><div class=\"ps14629 ss44\"><span class=\"f charStyle-a3c6e2ec ps19376\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss44\"><span class=\"f charStyle-a3c6e2ec ps14705\">loyalty program </span></div><div class=\"ps19369 ss44\"><span class=\"f charStyle-a3c6e2ec ps19378\">Special Voting <span class=\"f ps13\"> </span></span></div><div class=\"ps19371 ss44\"><span class=\"f charStyle-a3c6e2ec ps19379\">Shares issued</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19384 ss1632\"><div><div class=\"ps19367 ss720\"><span class=\"f charStyle-a3c6e2ec ps19381\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss720\"><span class=\"f charStyle-a3c6e2ec ps19382\">Treasury </span></div><div class=\"ps19371 ss720\"><span class=\"f charStyle-a3c6e2ec ps19383\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps18617 ss1633\"><div><div class=\"ps14638 ss513\"><span class=\"f charStyle-a3c6e2ec ps2516\">Iveco Group <span class=\"f ps13\"> </span></span></div><div class=\"ps14631 ss513\"><span class=\"f charStyle-a3c6e2ec ps19385\">N.V. loyalty </span></div><div class=\"ps14629 ss513\"><span class=\"f charStyle-a3c6e2ec ps19386\">program <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss513\"><span class=\"f charStyle-a3c6e2ec ps17670\">Special Voting <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss513\"><span class=\"f charStyle-a3c6e2ec ps19387\">Shares </span></div><div class=\"ps19371 ss513\"><span class=\"f charStyle-a3c6e2ec ps14830\">outstanding<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19390 ss1634\"><div><div class=\"ps14629 ss602\"><span class=\"f charStyle-04d636da ps19388\">Total Shares <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss602\"><span class=\"f charStyle-04d636da ps13991\">issued by </span></div><div class=\"ps19369 ss602\"><span class=\"f charStyle-04d636da ps19389\">Iveco Group </span></div><div class=\"ps19371 ss602\"><span class=\"f charStyle-04d636da ps18784\">N.V.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps5282 ss1632\"><div><div class=\"ps19367 ss720\"><span class=\"f charStyle-04d636da ps19391\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss720\"><span class=\"f charStyle-04d636da ps9092\">Treasury </span></div><div class=\"ps19371 ss720\"><span class=\"f charStyle-04d636da ps19392\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19396 ss1635\"><div><div class=\"ps14629 ss965\"><span class=\"f charStyle-04d636da ps2963\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss965\"><span class=\"f charStyle-04d636da ps19393\">Group N.V. </span></div><div class=\"ps19369 ss965\"><span class=\"f charStyle-04d636da ps19394\">outstanding </span></div><div class=\"ps19371 ss965\"><span class=\"f charStyle-04d636da ps19395\">shares</span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps13210 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19398 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19400 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(6,001,715)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19402 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">265,213,685<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19404 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19406 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.24pt\"></span></span><span class=\"ps19405\">(70,609)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19408 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">74,172,961<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19410 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19412 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(6,072,324)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19414 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">339,386,646<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps5122 ss1639\"><div><div class=\"ps2248 ss504\"><span class=\"f charStyle-91a08a3a ps22\">(Purchases)/<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss504\"><span class=\"f charStyle-91a08a3a ps22\">Sales of treasury </span></div><div class=\"ps2250 ss504\"><span class=\"f charStyle-91a08a3a ps22\">shares<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19416 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.14pt\"></span></span><span class=\"ps19415\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19417 ss1238\"><div><div class=\"ps2250 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.35pt\"></span></span><span class=\"ps16112\">(879,907)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19419 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.85pt\"></span></span><span class=\"ps19418\">(879,907)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19420 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:38.14pt\"></span></span><span class=\"ps6481\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19422 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.34pt\"></span></span><span class=\"ps19421\">(571)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19423 ss943\"><div><div class=\"ps2250 ss513\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:27.09pt\"></span></span><span class=\"ps9844\">(571)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19424 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.14pt\"></span></span><span class=\"ps9906\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19426 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(880,478)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19427 ss1615\"><div><div class=\"ps2250 ss965\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:19.6pt\"></span></span><span class=\"ps10870\">(880,478)</span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2979 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19428 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19429 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(6,881,622)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19430 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">264,333,778<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19431 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19432 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.24pt\"></span></span><span class=\"ps19405\">(71,180)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2990 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">74,172,390<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19433 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19434 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(6,952,802)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19435 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">338,506,168<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1639\"><div><div class=\"ps2248 ss504\"><span class=\"f charStyle-91a08a3a ps22\">(Purchases)/<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss504\"><span class=\"f charStyle-91a08a3a ps22\">Sales of treasury </span></div><div class=\"ps2250 ss504\"><span class=\"f charStyle-91a08a3a ps22\">shares<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.14pt\"></span></span><span class=\"ps19415\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19437 ss1238\"><div><div class=\"ps2250 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.07pt\"></span></span><span class=\"ps14423\">2,013,025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19439 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:15.57pt\"></span></span><span class=\"ps19438\">2,013,025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19440 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:38.14pt\"></span></span><span class=\"ps6481\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19441 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(269,294)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19442 ss943\"><div><div class=\"ps2250 ss513\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:14.35pt\"></span></span><span class=\"ps16291\">(269,294)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19443 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.14pt\"></span></span><span class=\"ps9906\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19445 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:4.32pt\"></span></span><span class=\"ps19444\">1,743,731<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19447 ss1615\"><div><div class=\"ps2250 ss965\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:16.32pt\"></span></span><span class=\"ps19446\">1,743,731<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps8320 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2025</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19448 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19449 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(4,868,597)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19450 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">266,346,803<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19451 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps14152 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(340,474)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19452 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">73,903,096<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19453 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19454 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(5,209,071)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19455 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">340,249,899<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:74.99pt\">During the year ended </span><span class=\"f charStyle-24b91321 ps19457\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19458\" style=\"width:2.05pt\">:</span></div><div class=\"ps5754 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:26.65pt\">269,294</span><span class=\"f charStyle-24b91321 ps19459\" style=\"width:442.26pt\"> Special Voting Shares were surrendered to the Company following the de-registration of the corresponding Qualifying Common Shares</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5755 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">from the Loyalty Register and net of transfer and allocation of Special Voting Shares in accordance with the Special Voting Shares - Terms and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5756 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:34.82pt\">Conditions</span></div><div class=\"ps12478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">the Company delivered 2,013,025 Common Shares following the vesting of share-based compensation plans. See paragraph below \u201cShare-</span></div><div class=\"ps19460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:143.01pt\">based compensation\u201d for further discussion.</span></div><div class=\"ps565 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Loyalty Voting Program</span></div><div class=\"ps566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">In order to reward long-term ownership of the Company\u2019s Common Shares and promote stability of its shareholder base, the Articles of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps7144 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Association of the Company provide for a loyalty voting program. This has been accomplished through the issuance of Special Voting Shares. For</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7147 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:305.7pt\">further details, see paragraph \u201cLoyalty Voting Program\u201d of the Governance Statement section.</span></div><div class=\"ps7110 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Treasury shares</span></div><div class=\"ps7113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.98pt\">At 31 December </span><span class=\"f charStyle-24b91321 ps19485\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19486\" style=\"width:66.86pt\">, the Company held </span><span class=\"f charStyle-24b91321 ps19487\" style=\"width:32.8pt\">4,868,597<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19488\" style=\"width:201.97pt\"> Common Shares (at an aggregate cost of \u20ac43.5 million) and </span><span class=\"f charStyle-24b91321 ps19489\" style=\"width:26.65pt\">340,474</span><span class=\"f charStyle-24b91321 ps19490\" style=\"width:75.24pt\"> Special Voting Shares</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps7114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">in treasury, net of the relevant transfers and allocations respectively under the and in accordance with the Special Voting Shares - Terms and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps7115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.71pt\">Conditions. During the year ended 31 December 2025, </span><span class=\"f charStyle-24b91321 ps19491\" style=\"width:26.65pt\">269,294</span><span class=\"f charStyle-24b91321 ps2740\" style=\"width:190.54pt\"> Special Voting Shares were surrendered to the Company.</span></div><div class=\"ps19492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The Annual General Meeting (AGM) held on 16 April 2025 replaced the authorization to repurchase Common Shares in the share capital of the</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps6736 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Company that had been granted by the AGM in April 2024 with a new one, according to substantially the same terms. The authorization was for</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6737 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">the Board of Directors to decide upon the acquisition of the Company\u2019s own Common Shares through purchases on the stock exchange and/or</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps6738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">multilateral trading facilities, directly and/or otherwise, for a period of 18 months from 16 April 2025, i.e. up to and including 15 October 2026, in</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5615 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">one or more transactions, subject to market and business conditions and in compliance with applicable rules and regulations. It intended, inter</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps5617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">alia, to allow the Board to cover the Company\u2019s obligations related to the share-based compensation, under existing and/or future equity incentive</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps8601 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">plans. Neither the authorization granted, nor the subsequent launch by the Board of any share buyback program obligated the Company to buy</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps8603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">back any Common Shares. The Board\u2019s authority was limited to a maximum of up to 10,000,000 Common Shares with a maximum total allocation</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">to this end of \u20ac130 million. With due respect of applicable rules and regulations, purchases were required to take place for a price per Common</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4420 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">Share (excluding expenses) no less than its nominal value (minimum price) and no more than 10% above the opening price as shown in the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps19494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:254.81pt\">Official Price List of Euronext Milan on the day of acquisition (maximum price).</span></div><div class=\"ps5581 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Capital reserves</span></div><div class=\"ps4423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.32pt\">At 31 December </span><span class=\"f charStyle-24b91321 ps19495\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:102.86pt\"> capital reserves amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17088\" style=\"width:18.45pt\">2,272<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19496\" style=\"width:27.41pt\"> million (<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19497\" style=\"width:22.55pt\">\u20ac2,292<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19498\" style=\"width:33.16pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19499\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19500\" style=\"width:4.5pt\">).</span></div><div class=\"ps19501 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Earnings reserves<span class=\"f ps13\"> </span></span></div><div class=\"ps6748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:113.56pt\">Earnings reserves, amounting to \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19502\" style=\"width:18.45pt\">1,201</span><span class=\"f charStyle-24b91321 ps6258\" style=\"width:81.06pt\"> million at 31 December <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:4.82pt\"> (</span><span class=\"f charStyle-24b91321 ps19503\" style=\"width:22.55pt\">\u20ac1,155<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps13231\" style=\"width:34.12pt\"> million at </span><span class=\"f charStyle-24b91321 ps19504\" style=\"width:63.34pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19505\" style=\"width:121.64pt\">), mainly consist of retained earnings</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.74pt\">and profits attributable to the owners of the parent.</span></div><div class=\"ps19507 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other comprehensive income/(loss)</span></div><div class=\"ps12706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.81pt\">Other comprehensive income/(loss) consisted of the following:</span></div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:327.75pt\"></td><td style=\"padding:0;width:71.25pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:71.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1642\"><div><div class=\"ps8886 ss1641\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19508 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8476\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps1677 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8476\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps22\">Other comprehensive income/(loss) that will not be reclassified subsequently to profit or loss:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps8271\">Gains/(losses) on the remeasurement of defined benefit plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19510 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19509\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19511 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19509\">42<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-3769e72f ps8271\">Fair value gain/(loss) on equity investments measured at fair value through other comprehensive income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19512 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19195\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19514 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19513\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps8271\">Items related to Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19515 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19195\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19517 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19516\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income/(loss) that will not be reclassified subsequently to profit or loss (A)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19518 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19509\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19519 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19509\">39<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps22\">Other comprehensive income/(loss) that may be reclassified subsequently to profit or loss:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps8271\">Gains/(losses) on cash flow hedging instruments arising during the period<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10760 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19509\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19520 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(70)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps8271\">(Gains)/losses on cash flow hedging instruments reclassified to profit or loss<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19521 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19509\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19522 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19509\">48<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps22\">Gains/(losses) on cash flow hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19523 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19509\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19524 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(22)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps841 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange gains/(losses) on translation of foreign operations arising during the period<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19525 ss567\"><div><div class=\"ps315 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19526 ss567\"><div><div class=\"ps315 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps843 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange (gains)/losses on translation of foreign operations reclassified to profit or loss<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19527 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19195\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19528 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19195\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps845 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps22\">Foreign exchange gains/(losses) on translation of foreign operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19529 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19530 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19190\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps159 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-bd419927 ps22\">Items related to Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19531 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19513\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19532 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-bd419927 ps19513\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps850 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income/(loss) that may be reclassified subsequently to profit or loss (B)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19533 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19190\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19534 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps8503\">(101)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps852 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-81df793a ps22\">Tax effect (C)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19535 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19190\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19536 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19516\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps854 ss1642\"><div><div class=\"ps961 ss1641\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income/(loss), net of tax (A) + (B) + (C)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19537 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19516\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19538 ss567\"><div><div class=\"ps961 ss70\"><span class=\"f charStyle-81df793a ps19190\">(58)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:350.77pt\">The income tax effect for each component of Other comprehensive income/(loss) consisted of the following:</span></div><div class=\"ps19606 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207.75pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:6pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:15.75pt\"></td><td style=\"padding:0;width:35.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps12620 ss1643\"><div><div class=\"ps961 ss799\"><span class=\"f charStyle-81df793a ps6105\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11906 ss1365\"><div><div class=\"ps961 ss1364\"><span class=\"f charStyle-81df793a ps19541\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1645\"><div><div class=\"ps18847 ss1644\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18640 ss1242\"><div><div class=\"ps2248 ss276\"><span class=\"f charStyle-81df793a ps2516\">Before <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss276\"><span class=\"f charStyle-81df793a ps19542\">tax <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss276\"><span class=\"f charStyle-81df793a ps19543\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19546 ss1238\"><div><div class=\"ps2248 ss3\"><span class=\"f charStyle-81df793a ps19544\">Tax <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps14913\">(expense)/ <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps19545\">benefit<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19547 ss1242\"><div><div class=\"ps2248 ss276\"><span class=\"f charStyle-81df793a ps14307\">Net-of-<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss276\"><span class=\"f charStyle-81df793a ps19542\">tax <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss276\"><span class=\"f charStyle-81df793a ps19543\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19551 ss1237\"><div><div class=\"ps2248 ss1184\"><span class=\"f charStyle-81df793a ps19548\">Before <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss1184\"><span class=\"f charStyle-81df793a ps19549\">tax <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss1184\"><span class=\"f charStyle-81df793a ps19550\">amount<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19552 ss1238\"><div><div class=\"ps2248 ss3\"><span class=\"f charStyle-81df793a ps19544\">Tax <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss3\"><span class=\"f charStyle-81df793a ps14913\">(expense)/ </span></div><div class=\"ps2250 ss3\"><span class=\"f charStyle-81df793a ps19545\">benefit</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19553 ss1242\"><div><div class=\"ps2248 ss276\"><span class=\"f charStyle-81df793a ps14307\">Net-of-<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss276\"><span class=\"f charStyle-81df793a ps19542\">tax <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss276\"><span class=\"f charStyle-81df793a ps19543\">amount<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1646\"><div><div class=\"ps9140 ss1644\"><span class=\"f charStyle-bd419927 ps22\">Other comprehensive income/(loss) that will not be reclassified <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1644\"><span class=\"f charStyle-bd419927 ps22\">subsequently to profit or loss:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1647\"><div><div class=\"ps961 ss1644\"><span class=\"f charStyle-bd419927 ps8271\">Gains/(losses) on the remeasurement of defined benefit plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18653 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19554 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps9171\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19555 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19556 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19557 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps9171\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19558 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">37<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6668 ss1648\"><div><div class=\"ps2180 ss1644\"><span class=\"f charStyle-3769e72f ps8271\">Fair value gain/(loss) on equity investments measured at fair value </span></div><div class=\"ps1327 ss1644\"><span class=\"f charStyle-3769e72f ps8271\">through other comprehensive income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19559 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps18090\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19560 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19561 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps18090\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19562 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19563 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19564 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps86 ss1647\"><div><div class=\"ps961 ss1644\"><span class=\"f charStyle-bd419927 ps8271\">Items related to Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19565 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps18090\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19566 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19567 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps18090\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19568 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19569 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19570 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps10756\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1134 ss1648\"><div><div class=\"ps2180 ss1644\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income/(loss) that will not be <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1644\"><span class=\"f charStyle-81df793a ps22\">reclassified subsequently to profit or loss<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1630 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17953\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19571 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps9171\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19572 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17953\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19573 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-81df793a ps17950\">39<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19574 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps9171\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19575 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17953\">34<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps112 ss1646\"><div><div class=\"ps9140 ss1644\"><span class=\"f charStyle-bd419927 ps22\">Other comprehensive income/(loss) that may be reclassified <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1644\"><span class=\"f charStyle-bd419927 ps22\">subsequently to profit or loss:</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2420 ss1647\"><div><div class=\"ps961 ss1644\"><span class=\"f charStyle-bd419927 ps8271\">Gains/(losses) on cash flow hedging instruments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19576 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19577 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps9171\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19578 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17953\">24<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19579 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(22)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19580 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps9182\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19581 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(13)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2423 ss1648\"><div><div class=\"ps2180 ss1644\"><span class=\"f charStyle-bd419927 ps8271\">Foreign exchange gains/(losses) on translation of foreign <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1644\"><span class=\"f charStyle-bd419927 ps8271\">operations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19582 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19583 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19584 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(49)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19585 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-bd419927 ps17961\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19586 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19587 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17976\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2660 ss1647\"><div><div class=\"ps961 ss1644\"><span class=\"f charStyle-bd419927 ps8271\">Items related to Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19588 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19589 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19590 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19591 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17968\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19592 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-bd419927 ps18796\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19593 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-bd419927 ps17964\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19594 ss1648\"><div><div class=\"ps2180 ss1644\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income/(loss) that may be <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1644\"><span class=\"f charStyle-81df793a ps22\">reclassified subsequently to profit or loss</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19595 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17976\">(17)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19596 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps9171\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19597 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17976\">(26)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14799 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-81df793a ps3037\">(101)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19598 ss4\"><div><div class=\"ps1327 ss3\"><span class=\"f charStyle-81df793a ps9182\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19599 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17976\">(92)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps18054 ss1647\"><div><div class=\"ps961 ss1644\"><span class=\"f charStyle-81df793a ps22\">Total Other comprehensive income/(loss)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19600 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17953\">22<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19601 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9264\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19602 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps10756\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19603 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17961\">(62)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19604 ss611\"><div><div class=\"ps961 ss3\"><span class=\"f charStyle-81df793a ps9182\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps19605 ss1429\"><div><div class=\"ps961 ss276\"><span class=\"f charStyle-81df793a ps17976\">(58)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-627": {
   "value": "<div class=\"ps4349 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Share capital </span></div><div class=\"ps4351 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Articles of Association of Iveco Group N.V. provide for authorised share capital of \u20ac8 million, divided into 400 million Common Shares and</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">400\u00a0million Special Voting Shares to be held with associated Common Shares, each having a par value of one euro cent (\u20ac0.01). As of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4304 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.5pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19354\" style=\"width:267.48pt\">, the Company\u2019s share capital was \u20ac3,454,589.70, fully paid-in, and consisted of </span><span class=\"f charStyle-24b91321 ps19355\" style=\"width:41pt\">271,215,400</span><span class=\"f charStyle-24b91321 ps12054\" style=\"width:63.06pt\"> Common Shares (</span><span class=\"f charStyle-24b91321 ps19356\" style=\"width:41pt\">266,346,803</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1562 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.28pt\">Common Shares outstanding, net of </span><span class=\"f charStyle-24b91321 ps19357\" style=\"width:32.8pt\">4,868,597</span><span class=\"f charStyle-24b91321 ps7175\" style=\"width:317.99pt\"> Common Shares held in treasury by the Company as described in the following section) and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps5074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:36.9pt\">74,243,570</span><span class=\"f charStyle-24b91321 ps19358\" style=\"width:83.84pt\"> Special Voting Shares (</span><span class=\"f charStyle-24b91321 ps19359\" style=\"width:36.9pt\">73,903,096</span><span class=\"f charStyle-24b91321 ps19360\" style=\"width:147.68pt\"> Special Voting Shares outstanding, net of </span><span class=\"f charStyle-24b91321 ps19361\" style=\"width:26.65pt\">340,474</span><span class=\"f charStyle-24b91321 ps19362\" style=\"width:144.01pt\"> Special Voting Shares surrendered to the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Company following the de-registration of the corresponding Qualifying Common Shares from the Loyalty Register and which are held as treasury</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">shares by the Company).</span><span class=\"f charStyle-24b91321 ps19363\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-2b67eced ps18\" style=\"width:246.7pt\">Changes in the composition of the share capital of Iveco Group N.V. during </span><span class=\"f charStyle-2b67eced ps19364\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-2b67eced ps19365\" style=\"width:49.16pt\"> are as follows:</span></div><div class=\"ps19456 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:51pt\"></td></tr><tr style=\"height:45.75pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss1628\"><div><div class=\"ps19366 ss504\"><span class=\"f charStyle-2dc7166d ps22\">(number of shares)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19372 ss1629\"><div><div class=\"ps19367 ss236\"><span class=\"f charStyle-a3c6e2ec ps13897\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss236\"><span class=\"f charStyle-a3c6e2ec ps19368\">Common Shares </span></div><div class=\"ps19371 ss236\"><span class=\"f charStyle-a3c6e2ec ps19370\">issued<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps3003 ss1630\"><div><div class=\"ps19367 ss3\"><span class=\"f charStyle-a3c6e2ec ps19373\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss3\"><span class=\"f charStyle-a3c6e2ec ps19374\">Treasury </span></div><div class=\"ps19371 ss3\"><span class=\"f charStyle-a3c6e2ec ps19375\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps3 ss1631\"><div><div class=\"ps19367 ss44\"><span class=\"f charStyle-a3c6e2ec ps19376\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss44\"><span class=\"f charStyle-a3c6e2ec ps19377\">Common Shares </span></div><div class=\"ps19371 ss44\"><span class=\"f charStyle-a3c6e2ec ps13480\">outstanding<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19380 ss1631\"><div><div class=\"ps14629 ss44\"><span class=\"f charStyle-a3c6e2ec ps19376\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss44\"><span class=\"f charStyle-a3c6e2ec ps14705\">loyalty program </span></div><div class=\"ps19369 ss44\"><span class=\"f charStyle-a3c6e2ec ps19378\">Special Voting <span class=\"f ps13\"> </span></span></div><div class=\"ps19371 ss44\"><span class=\"f charStyle-a3c6e2ec ps19379\">Shares issued</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19384 ss1632\"><div><div class=\"ps19367 ss720\"><span class=\"f charStyle-a3c6e2ec ps19381\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss720\"><span class=\"f charStyle-a3c6e2ec ps19382\">Treasury </span></div><div class=\"ps19371 ss720\"><span class=\"f charStyle-a3c6e2ec ps19383\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps18617 ss1633\"><div><div class=\"ps14638 ss513\"><span class=\"f charStyle-a3c6e2ec ps2516\">Iveco Group <span class=\"f ps13\"> </span></span></div><div class=\"ps14631 ss513\"><span class=\"f charStyle-a3c6e2ec ps19385\">N.V. loyalty </span></div><div class=\"ps14629 ss513\"><span class=\"f charStyle-a3c6e2ec ps19386\">program <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss513\"><span class=\"f charStyle-a3c6e2ec ps17670\">Special Voting <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss513\"><span class=\"f charStyle-a3c6e2ec ps19387\">Shares </span></div><div class=\"ps19371 ss513\"><span class=\"f charStyle-a3c6e2ec ps14830\">outstanding<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19390 ss1634\"><div><div class=\"ps14629 ss602\"><span class=\"f charStyle-04d636da ps19388\">Total Shares <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss602\"><span class=\"f charStyle-04d636da ps13991\">issued by </span></div><div class=\"ps19369 ss602\"><span class=\"f charStyle-04d636da ps19389\">Iveco Group </span></div><div class=\"ps19371 ss602\"><span class=\"f charStyle-04d636da ps18784\">N.V.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps5282 ss1632\"><div><div class=\"ps19367 ss720\"><span class=\"f charStyle-04d636da ps19391\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss720\"><span class=\"f charStyle-04d636da ps9092\">Treasury </span></div><div class=\"ps19371 ss720\"><span class=\"f charStyle-04d636da ps19392\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19396 ss1635\"><div><div class=\"ps14629 ss965\"><span class=\"f charStyle-04d636da ps2963\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss965\"><span class=\"f charStyle-04d636da ps19393\">Group N.V. </span></div><div class=\"ps19369 ss965\"><span class=\"f charStyle-04d636da ps19394\">outstanding </span></div><div class=\"ps19371 ss965\"><span class=\"f charStyle-04d636da ps19395\">shares</span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps13210 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19398 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19400 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(6,001,715)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19402 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">265,213,685<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19404 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19406 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.24pt\"></span></span><span class=\"ps19405\">(70,609)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19408 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">74,172,961<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19410 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19412 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(6,072,324)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19414 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">339,386,646<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps5122 ss1639\"><div><div class=\"ps2248 ss504\"><span class=\"f charStyle-91a08a3a ps22\">(Purchases)/<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss504\"><span class=\"f charStyle-91a08a3a ps22\">Sales of treasury </span></div><div class=\"ps2250 ss504\"><span class=\"f charStyle-91a08a3a ps22\">shares<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19416 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.14pt\"></span></span><span class=\"ps19415\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19417 ss1238\"><div><div class=\"ps2250 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.35pt\"></span></span><span class=\"ps16112\">(879,907)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19419 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.85pt\"></span></span><span class=\"ps19418\">(879,907)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19420 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:38.14pt\"></span></span><span class=\"ps6481\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19422 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.34pt\"></span></span><span class=\"ps19421\">(571)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19423 ss943\"><div><div class=\"ps2250 ss513\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:27.09pt\"></span></span><span class=\"ps9844\">(571)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19424 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.14pt\"></span></span><span class=\"ps9906\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19426 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(880,478)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19427 ss1615\"><div><div class=\"ps2250 ss965\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:19.6pt\"></span></span><span class=\"ps10870\">(880,478)</span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2979 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19428 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19429 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(6,881,622)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19430 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">264,333,778<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19431 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19432 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.24pt\"></span></span><span class=\"ps19405\">(71,180)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2990 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">74,172,390<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19433 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19434 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(6,952,802)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19435 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">338,506,168<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1639\"><div><div class=\"ps2248 ss504\"><span class=\"f charStyle-91a08a3a ps22\">(Purchases)/<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss504\"><span class=\"f charStyle-91a08a3a ps22\">Sales of treasury </span></div><div class=\"ps2250 ss504\"><span class=\"f charStyle-91a08a3a ps22\">shares<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.14pt\"></span></span><span class=\"ps19415\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19437 ss1238\"><div><div class=\"ps2250 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.07pt\"></span></span><span class=\"ps14423\">2,013,025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19439 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:15.57pt\"></span></span><span class=\"ps19438\">2,013,025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19440 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:38.14pt\"></span></span><span class=\"ps6481\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19441 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(269,294)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19442 ss943\"><div><div class=\"ps2250 ss513\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:14.35pt\"></span></span><span class=\"ps16291\">(269,294)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19443 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.14pt\"></span></span><span class=\"ps9906\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19445 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:4.32pt\"></span></span><span class=\"ps19444\">1,743,731<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19447 ss1615\"><div><div class=\"ps2250 ss965\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:16.32pt\"></span></span><span class=\"ps19446\">1,743,731<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps8320 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2025</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19448 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19449 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(4,868,597)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19450 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">266,346,803<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19451 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps14152 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(340,474)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19452 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">73,903,096<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19453 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19454 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(5,209,071)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19455 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">340,249,899<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:74.99pt\">During the year ended </span><span class=\"f charStyle-24b91321 ps19457\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19458\" style=\"width:2.05pt\">:</span></div><div class=\"ps5754 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:26.65pt\">269,294</span><span class=\"f charStyle-24b91321 ps19459\" style=\"width:442.26pt\"> Special Voting Shares were surrendered to the Company following the de-registration of the corresponding Qualifying Common Shares</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5755 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">from the Loyalty Register and net of transfer and allocation of Special Voting Shares in accordance with the Special Voting Shares - Terms and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5756 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:34.82pt\">Conditions</span></div><div class=\"ps12478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">the Company delivered 2,013,025 Common Shares following the vesting of share-based compensation plans. See paragraph below \u201cShare-</span></div><div class=\"ps19460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:143.01pt\">based compensation\u201d for further discussion.</span></div><div class=\"ps7110 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Treasury shares</span></div><div class=\"ps7113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.98pt\">At 31 December </span><span class=\"f charStyle-24b91321 ps19485\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19486\" style=\"width:66.86pt\">, the Company held </span><span class=\"f charStyle-24b91321 ps19487\" style=\"width:32.8pt\">4,868,597<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19488\" style=\"width:201.97pt\"> Common Shares (at an aggregate cost of \u20ac43.5 million) and </span><span class=\"f charStyle-24b91321 ps19489\" style=\"width:26.65pt\">340,474</span><span class=\"f charStyle-24b91321 ps19490\" style=\"width:75.24pt\"> Special Voting Shares</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps7114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">in treasury, net of the relevant transfers and allocations respectively under the and in accordance with the Special Voting Shares - Terms and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps7115 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:180.71pt\">Conditions. During the year ended 31 December 2025, </span><span class=\"f charStyle-24b91321 ps19491\" style=\"width:26.65pt\">269,294</span><span class=\"f charStyle-24b91321 ps2740\" style=\"width:190.54pt\"> Special Voting Shares were surrendered to the Company.</span></div><div class=\"ps19492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The Annual General Meeting (AGM) held on 16 April 2025 replaced the authorization to repurchase Common Shares in the share capital of the</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps6736 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Company that had been granted by the AGM in April 2024 with a new one, according to substantially the same terms. The authorization was for</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6737 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">the Board of Directors to decide upon the acquisition of the Company\u2019s own Common Shares through purchases on the stock exchange and/or</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps6738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">multilateral trading facilities, directly and/or otherwise, for a period of 18 months from 16 April 2025, i.e. up to and including 15 October 2026, in</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5615 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">one or more transactions, subject to market and business conditions and in compliance with applicable rules and regulations. It intended, inter</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps5617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">alia, to allow the Board to cover the Company\u2019s obligations related to the share-based compensation, under existing and/or future equity incentive</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps8601 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">plans. Neither the authorization granted, nor the subsequent launch by the Board of any share buyback program obligated the Company to buy</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps8603 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">back any Common Shares. The Board\u2019s authority was limited to a maximum of up to 10,000,000 Common Shares with a maximum total allocation</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">to this end of \u20ac130 million. With due respect of applicable rules and regulations, purchases were required to take place for a price per Common</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4420 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">Share (excluding expenses) no less than its nominal value (minimum price) and no more than 10% above the opening price as shown in the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps19494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:254.81pt\">Official Price List of Euronext Milan on the day of acquisition (maximum price).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-626": {
   "value": "<div class=\"ps4349 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Share capital </span></div><div class=\"ps4351 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Articles of Association of Iveco Group N.V. provide for authorised share capital of \u20ac8 million, divided into 400 million Common Shares and</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5071 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">400\u00a0million Special Voting Shares to be held with associated Common Shares, each having a par value of one euro cent (\u20ac0.01). As of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps4304 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:63.5pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19354\" style=\"width:267.48pt\">, the Company\u2019s share capital was \u20ac3,454,589.70, fully paid-in, and consisted of </span><span class=\"f charStyle-24b91321 ps19355\" style=\"width:41pt\">271,215,400</span><span class=\"f charStyle-24b91321 ps12054\" style=\"width:63.06pt\"> Common Shares (</span><span class=\"f charStyle-24b91321 ps19356\" style=\"width:41pt\">266,346,803</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1562 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.28pt\">Common Shares outstanding, net of </span><span class=\"f charStyle-24b91321 ps19357\" style=\"width:32.8pt\">4,868,597</span><span class=\"f charStyle-24b91321 ps7175\" style=\"width:317.99pt\"> Common Shares held in treasury by the Company as described in the following section) and</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps5074 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:36.9pt\">74,243,570</span><span class=\"f charStyle-24b91321 ps19358\" style=\"width:83.84pt\"> Special Voting Shares (</span><span class=\"f charStyle-24b91321 ps19359\" style=\"width:36.9pt\">73,903,096</span><span class=\"f charStyle-24b91321 ps19360\" style=\"width:147.68pt\"> Special Voting Shares outstanding, net of </span><span class=\"f charStyle-24b91321 ps19361\" style=\"width:26.65pt\">340,474</span><span class=\"f charStyle-24b91321 ps19362\" style=\"width:144.01pt\"> Special Voting Shares surrendered to the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5075 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Company following the de-registration of the corresponding Qualifying Common Shares from the Loyalty Register and which are held as treasury</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:82.37pt\">shares by the Company).</span><span class=\"f charStyle-24b91321 ps19363\" style=\"width:2.05pt\"> </span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-2b67eced ps18\" style=\"width:246.7pt\">Changes in the composition of the share capital of Iveco Group N.V. during </span><span class=\"f charStyle-2b67eced ps19364\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-2b67eced ps19365\" style=\"width:49.16pt\"> are as follows:</span></div><div class=\"ps19456 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:57pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:42.75pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:50.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:47.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:51pt\"></td></tr><tr style=\"height:45.75pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss1628\"><div><div class=\"ps19366 ss504\"><span class=\"f charStyle-2dc7166d ps22\">(number of shares)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19372 ss1629\"><div><div class=\"ps19367 ss236\"><span class=\"f charStyle-a3c6e2ec ps13897\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss236\"><span class=\"f charStyle-a3c6e2ec ps19368\">Common Shares </span></div><div class=\"ps19371 ss236\"><span class=\"f charStyle-a3c6e2ec ps19370\">issued<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps3003 ss1630\"><div><div class=\"ps19367 ss3\"><span class=\"f charStyle-a3c6e2ec ps19373\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss3\"><span class=\"f charStyle-a3c6e2ec ps19374\">Treasury </span></div><div class=\"ps19371 ss3\"><span class=\"f charStyle-a3c6e2ec ps19375\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps3 ss1631\"><div><div class=\"ps19367 ss44\"><span class=\"f charStyle-a3c6e2ec ps19376\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss44\"><span class=\"f charStyle-a3c6e2ec ps19377\">Common Shares </span></div><div class=\"ps19371 ss44\"><span class=\"f charStyle-a3c6e2ec ps13480\">outstanding<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19380 ss1631\"><div><div class=\"ps14629 ss44\"><span class=\"f charStyle-a3c6e2ec ps19376\">Iveco Group N.V. <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss44\"><span class=\"f charStyle-a3c6e2ec ps14705\">loyalty program </span></div><div class=\"ps19369 ss44\"><span class=\"f charStyle-a3c6e2ec ps19378\">Special Voting <span class=\"f ps13\"> </span></span></div><div class=\"ps19371 ss44\"><span class=\"f charStyle-a3c6e2ec ps19379\">Shares issued</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19384 ss1632\"><div><div class=\"ps19367 ss720\"><span class=\"f charStyle-a3c6e2ec ps19381\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss720\"><span class=\"f charStyle-a3c6e2ec ps19382\">Treasury </span></div><div class=\"ps19371 ss720\"><span class=\"f charStyle-a3c6e2ec ps19383\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps18617 ss1633\"><div><div class=\"ps14638 ss513\"><span class=\"f charStyle-a3c6e2ec ps2516\">Iveco Group <span class=\"f ps13\"> </span></span></div><div class=\"ps14631 ss513\"><span class=\"f charStyle-a3c6e2ec ps19385\">N.V. loyalty </span></div><div class=\"ps14629 ss513\"><span class=\"f charStyle-a3c6e2ec ps19386\">program <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss513\"><span class=\"f charStyle-a3c6e2ec ps17670\">Special Voting <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss513\"><span class=\"f charStyle-a3c6e2ec ps19387\">Shares </span></div><div class=\"ps19371 ss513\"><span class=\"f charStyle-a3c6e2ec ps14830\">outstanding<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19390 ss1634\"><div><div class=\"ps14629 ss602\"><span class=\"f charStyle-04d636da ps19388\">Total Shares <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss602\"><span class=\"f charStyle-04d636da ps13991\">issued by </span></div><div class=\"ps19369 ss602\"><span class=\"f charStyle-04d636da ps19389\">Iveco Group </span></div><div class=\"ps19371 ss602\"><span class=\"f charStyle-04d636da ps18784\">N.V.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps5282 ss1632\"><div><div class=\"ps19367 ss720\"><span class=\"f charStyle-04d636da ps19391\">Less: <span class=\"f ps13\"> </span></span></div><div class=\"ps19369 ss720\"><span class=\"f charStyle-04d636da ps9092\">Treasury </span></div><div class=\"ps19371 ss720\"><span class=\"f charStyle-04d636da ps19392\">shares</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19396 ss1635\"><div><div class=\"ps14629 ss965\"><span class=\"f charStyle-04d636da ps2963\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps19367 ss965\"><span class=\"f charStyle-04d636da ps19393\">Group N.V. </span></div><div class=\"ps19369 ss965\"><span class=\"f charStyle-04d636da ps19394\">outstanding </span></div><div class=\"ps19371 ss965\"><span class=\"f charStyle-04d636da ps19395\">shares</span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps13210 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2023</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19398 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19400 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(6,001,715)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19402 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">265,213,685<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19404 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19406 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.24pt\"></span></span><span class=\"ps19405\">(70,609)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19408 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">74,172,961<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19410 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19412 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(6,072,324)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19414 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">339,386,646<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps5122 ss1639\"><div><div class=\"ps2248 ss504\"><span class=\"f charStyle-91a08a3a ps22\">(Purchases)/<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss504\"><span class=\"f charStyle-91a08a3a ps22\">Sales of treasury </span></div><div class=\"ps2250 ss504\"><span class=\"f charStyle-91a08a3a ps22\">shares<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19416 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.14pt\"></span></span><span class=\"ps19415\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19417 ss1238\"><div><div class=\"ps2250 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.35pt\"></span></span><span class=\"ps16112\">(879,907)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19419 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.85pt\"></span></span><span class=\"ps19418\">(879,907)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19420 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:38.14pt\"></span></span><span class=\"ps6481\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19422 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.34pt\"></span></span><span class=\"ps19421\">(571)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19423 ss943\"><div><div class=\"ps2250 ss513\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:27.09pt\"></span></span><span class=\"ps9844\">(571)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19424 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.14pt\"></span></span><span class=\"ps9906\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19426 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(880,478)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19427 ss1615\"><div><div class=\"ps2250 ss965\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:19.6pt\"></span></span><span class=\"ps10870\">(880,478)</span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2979 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2024</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19428 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19429 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(6,881,622)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19430 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">264,333,778<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19431 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19432 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.24pt\"></span></span><span class=\"ps19405\">(71,180)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps2990 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">74,172,390<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19433 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19434 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(6,952,802)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19435 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">338,506,168<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1639\"><div><div class=\"ps2248 ss504\"><span class=\"f charStyle-91a08a3a ps22\">(Purchases)/<span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss504\"><span class=\"f charStyle-91a08a3a ps22\">Sales of treasury </span></div><div class=\"ps2250 ss504\"><span class=\"f charStyle-91a08a3a ps22\">shares<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:41.14pt\"></span></span><span class=\"ps19415\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19437 ss1238\"><div><div class=\"ps2250 ss3\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.07pt\"></span></span><span class=\"ps14423\">2,013,025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19439 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:15.57pt\"></span></span><span class=\"ps19438\">2,013,025<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19440 ss1241\"><div><div class=\"ps2250 ss44\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:38.14pt\"></span></span><span class=\"ps6481\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19441 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(269,294)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19442 ss943\"><div><div class=\"ps2250 ss513\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:14.35pt\"></span></span><span class=\"ps16291\">(269,294)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19443 ss1412\"><div><div class=\"ps2250 ss602\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:35.14pt\"></span></span><span class=\"ps9906\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19445 ss1283\"><div><div class=\"ps2250 ss720\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:4.32pt\"></span></span><span class=\"ps19444\">1,743,731<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #b6b6b6;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19447 ss1615\"><div><div class=\"ps2250 ss965\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:16.32pt\"></span></span><span class=\"ps19446\">1,743,731<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:38.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps8320 ss1636\"><div><div class=\"ps961 ss504\"><span class=\"f charStyle-ca320917 ps22\">Total Iveco <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss504\"><span class=\"f charStyle-ca320917 ps22\">Group N.V. </span></div><div class=\"ps17224 ss504\"><span class=\"f charStyle-ca320917 ps22\">shares at 31 </span></div><div class=\"ps9284 ss504\"><span class=\"f charStyle-ca320917 ps22\">December 2025</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19448 ss1637\"><div><div class=\"ps9284 ss236\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.29pt\"></span></span><span class=\"ps19397\">271,215,400<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19449 ss630\"><div><div class=\"ps9284 ss3\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.89pt\"></span></span><span class=\"ps19399\">(4,868,597)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19450 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:8.29pt\"></span></span><span class=\"ps19401\">266,346,803<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19451 ss1568\"><div><div class=\"ps9284 ss44\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:11.93pt\"></span></span><span class=\"ps19403\">74,243,570<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps14152 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.6pt\"></span></span><span class=\"ps19425\">(340,474)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19452 ss1347\"><div><div class=\"ps9284 ss513\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:7.43pt\"></span></span><span class=\"ps19407\">73,903,096<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19453 ss629\"><div><div class=\"ps9284 ss602\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:5.29pt\"></span></span><span class=\"ps19409\">345,458,970<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19454 ss1296\"><div><div class=\"ps9284 ss720\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:2.14pt\"></span></span><span class=\"ps19411\">(5,209,071)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #b6b6b6;padding:0\"><div class=\"ps19455 ss1638\"><div><div class=\"ps9284 ss965\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:9.04pt\"></span></span><span class=\"ps19413\">340,249,899<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps6528 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:74.99pt\">During the year ended </span><span class=\"f charStyle-24b91321 ps19457\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19458\" style=\"width:2.05pt\">:</span></div><div class=\"ps5754 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:26.65pt\">269,294</span><span class=\"f charStyle-24b91321 ps19459\" style=\"width:442.26pt\"> Special Voting Shares were surrendered to the Company following the de-registration of the corresponding Qualifying Common Shares</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps5755 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">from the Loyalty Register and net of transfer and allocation of Special Voting Shares in accordance with the Special Voting Shares - Terms and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5756 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:34.82pt\">Conditions</span></div><div class=\"ps12478 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.87pt\">the Company delivered 2,013,025 Common Shares following the vesting of share-based compensation plans. See paragraph below \u201cShare-</span></div><div class=\"ps19460 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:143.01pt\">based compensation\u201d for further discussion.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-628": {
   "value": "<div class=\"ps19461 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-deb5fde0 ps18\" style=\"width:155.65pt\">Policies and processes for managing capital</span></div><div class=\"ps19462 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">Pursuant to the Articles of Association, the Company is required to maintain a special capital reserve to be credited against the share premium</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps19463 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">exclusively for the purpose of facilitating any issuance or cancellation of Special Voting Shares. The Special Voting Shares do not carry any</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps19464 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">entitlement to the balance of the special capital reserve. The Board of Directors is authorised to resolve upon (i) any distribution out of the special</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19465 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">capital reserve to pay up Special Voting Shares or (ii) re-allocation of amounts to credit or debit the special capital reserve against or in favour of</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:90.13pt\">the share premium reserve.</span></div><div class=\"ps19468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:313.45pt\">The Company is required to maintain a separate dividend reserve for the Special Voting Shares.</span><span class=\"f charStyle-24b91321 ps19467\" style=\"width:2.05pt\"> </span></div><div class=\"ps19469 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:436.02pt\">From the profits, shown in the annual accounts as adopted, such amounts shall be reserved as the Board of Directors may determine.<span class=\"f ps13\"> </span></span></div><div class=\"ps19470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The profits remaining thereafter shall first be applied to allocate and add to the Special Voting Shares dividend reserve an amount equal to one</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps19471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">percent (1%) of the aggregate nominal amount of all outstanding Special Voting Shares. The calculation of the amount to be allocated and added</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">to the Special Voting Shares dividend reserve shall occur on a time-proportionate basis. If Special Voting Shares are issued during the financial</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">year to which the allocation and addition pertains, then the amount to be allocated and added to the Special Voting Shares dividend reserve in</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps19474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">respect of these newly issued Special Voting Shares shall be calculated as from the date on which such Special Voting Shares were issued until</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps19475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">the last day of the financial year concerned. Any distribution out of the Special Voting Shares dividend reserve or the partial or full release of such</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">reserve will require a prior proposal from the Board of Directors and a subsequent resolution of the general meeting of holders of Special Voting</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:278.23pt\">Shares. The Special Voting Shares shall not carry any other entitlement to the profits.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Any profits remaining thereafter shall be at the disposal of the General Meeting for distribution of dividend on the Common Shares only subject to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">the provision that the distribution of profits shall be made after the adoption of the annual accounts, from which it appears that the same is</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.77pt\">permitted.</span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Subject to the approval of the General Meeting and the Board of Directors having been designated as the body competent to pass a resolution for</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">the issuance of shares in accordance with Article 5 of the Articles of Association, the Board of Directors may decide that a distribution shall be</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.48pt\">made in the form of shares or that shareholders shall be given the option to receive a distribution either in cash or in the form of shares.</span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:25.68pt\">In 2026</span><span class=\"f charStyle-24b91321 ps19478\" style=\"width:3.13pt\"> </span><span class=\"f charStyle-24b91321 ps12111\" style=\"width:447.09pt\">the Board of Directors decided to not propose any dividend distribution to the Company\u2019s shareholders related to the 2025 financial</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:23.76pt\">results.</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.78pt\">On 16 April 2025, at the AGM, shareholders of Iveco Group N.V. approved a dividend in cash of </span><span class=\"f charStyle-24b91321 ps19479\" style=\"width:18.45pt\">\u20ac0.33</span><span class=\"f charStyle-24b91321 ps19480\" style=\"width:123.83pt\"> per outstanding Common Share, as</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:420.43pt\">recommended by the Board of Directors. The cash dividend was declared in euro and paid on 24 April 2025 for a total amount of </span><span class=\"f charStyle-24b91321 ps19481\" style=\"width:12.3pt\">\u20ac88</span><span class=\"f charStyle-24b91321 ps19482\" style=\"width:24.96pt\"> million.</span></div><div class=\"ps544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Distributions to shareholders and other persons entitled to distributable profits are allowed to the extent the Company's equity exceeds the sum of</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">the paid-up portion of the share capital and the reserves that must be maintained in accordance with provision of law. No distribution of profits</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:309.38pt\">may be made to the Company itself for shares that the Company holds in its own share capital.</span></div><div class=\"ps1220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">The Board of Directors has the power to declare one or more interim dividends, provided that the requirements of the Article 21 paragraph 7 of the</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Articles of Association are duly observed as evidenced by an interim statement of assets and liabilities as referred to in Article 2:105 paragraph 4</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1275 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">of the Dutch Civil Code and provided further that the policy of the Company on additions to reserves and dividends is duly observed. The</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.02pt\">provisions of the Article 21 paragraphs 2 and 3 of the Articles of Association shall apply </span><span class=\"f charStyle-50993fa8 ps19483\" style=\"width:55.72pt\">mutatis mutandis</span><span class=\"f charStyle-24b91321 ps19484\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.86pt\">The Board of Directors may determine that dividends or interim dividends, as the case may be, shall be paid, in whole or in part, from the</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Company's share premium reserve or from any other reserve, provided that payments from reserves may only be made to the shareholders that</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps1223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:235.63pt\">are entitled to the relevant reserve upon the dissolution of the Company.</span></div><div class=\"ps2773 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Dividends and other distributions of profit shall be made payable in the manner and at such date(s) - within four weeks after declaration thereof -</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2774 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">and notice thereof shall be given, as the General Meeting of Shareholders, or in the case of interim dividends, the Board of Directors shall</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps3391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">determine, provided, however, that the Board of Directors shall have the right to determine that each payment of annual dividends in respect of</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps1231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">shares be deferred for a period not exceeding five consecutive annual periods. Dividends and other distributions of profit, which have not been</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1232 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:394.65pt\">collected within five years and one day after the same have become payable, shall become the property of the Company.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-629": {
   "value": "<div class=\"ps19468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:313.45pt\">The Company is required to maintain a separate dividend reserve for the Special Voting Shares.</span><span class=\"f charStyle-24b91321 ps19467\" style=\"width:2.05pt\"> </span></div><div class=\"ps19469 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:436.02pt\">From the profits, shown in the annual accounts as adopted, such amounts shall be reserved as the Board of Directors may determine.<span class=\"f ps13\"> </span></span></div><div class=\"ps19470 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The profits remaining thereafter shall first be applied to allocate and add to the Special Voting Shares dividend reserve an amount equal to one</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps19471 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">percent (1%) of the aggregate nominal amount of all outstanding Special Voting Shares. The calculation of the amount to be allocated and added</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">to the Special Voting Shares dividend reserve shall occur on a time-proportionate basis. If Special Voting Shares are issued during the financial</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19473 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">year to which the allocation and addition pertains, then the amount to be allocated and added to the Special Voting Shares dividend reserve in</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps19474 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">respect of these newly issued Special Voting Shares shall be calculated as from the date on which such Special Voting Shares were issued until</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps19475 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">the last day of the financial year concerned. Any distribution out of the Special Voting Shares dividend reserve or the partial or full release of such</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">reserve will require a prior proposal from the Board of Directors and a subsequent resolution of the general meeting of holders of Special Voting</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19477 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:278.23pt\">Shares. The Special Voting Shares shall not carry any other entitlement to the profits.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Any profits remaining thereafter shall be at the disposal of the General Meeting for distribution of dividend on the Common Shares only subject to</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">the provision that the distribution of profits shall be made after the adoption of the annual accounts, from which it appears that the same is</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:32.77pt\">permitted.</span></div><span class=\"f charStyle-24b91321 ps19478\" style=\"width:3.13pt\"> </span><span class=\"f charStyle-24b91321 ps12111\" style=\"width:447.09pt\">the Board of Directors decided to not propose any dividend distribution to the Company\u2019s shareholders related to the 2025 financial</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:23.76pt\">results.</span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:333.78pt\">On 16 April 2025, at the AGM, shareholders of Iveco Group N.V. approved a dividend in cash of </span><span class=\"f charStyle-24b91321 ps19479\" style=\"width:18.45pt\">\u20ac0.33</span><span class=\"f charStyle-24b91321 ps19480\" style=\"width:123.83pt\"> per outstanding Common Share, as</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:420.43pt\">recommended by the Board of Directors. The cash dividend was declared in euro and paid on 24 April 2025 for a total amount of </span><span class=\"f charStyle-24b91321 ps19481\" style=\"width:12.3pt\">\u20ac88</span><span class=\"f charStyle-24b91321 ps19482\" style=\"width:24.96pt\"> million.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-630": {
   "value": "0.33",
   "decimals": 2,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
    "unit": "iso4217:EUR/xbrli:shares"
   }
  },
  "f-631": {
   "value": "<div class=\"ps5581 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Capital reserves</span></div><div class=\"ps4423 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:55.32pt\">At 31 December </span><span class=\"f charStyle-24b91321 ps19495\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps11795\" style=\"width:102.86pt\"> capital reserves amounted to \u20ac</span><span class=\"f charStyle-24b91321 ps17088\" style=\"width:18.45pt\">2,272<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19496\" style=\"width:27.41pt\"> million (<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19497\" style=\"width:22.55pt\">\u20ac2,292<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19498\" style=\"width:33.16pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19499\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19500\" style=\"width:4.5pt\">).</span></div><div class=\"ps19501 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Earnings reserves<span class=\"f ps13\"> </span></span></div><div class=\"ps6748 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:113.56pt\">Earnings reserves, amounting to \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19502\" style=\"width:18.45pt\">1,201</span><span class=\"f charStyle-24b91321 ps6258\" style=\"width:81.06pt\"> million at 31 December <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps18710\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps18711\" style=\"width:4.82pt\"> (</span><span class=\"f charStyle-24b91321 ps19503\" style=\"width:22.55pt\">\u20ac1,155<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps13231\" style=\"width:34.12pt\"> million at </span><span class=\"f charStyle-24b91321 ps19504\" style=\"width:63.34pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19505\" style=\"width:121.64pt\">), mainly consist of retained earnings</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps19506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:164.74pt\">and profits attributable to the owners of the parent.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-632": {
   "value": "2272000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:CapitalReserveMember",
    "unit": "iso4217:EUR"
   }
  },
  "f-633": {
   "value": "1201000000.0",
   "decimals": -6,
   "dimensions": {
    "concept": "ifrs-full:Equity",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2026-01-01T00:00:00",
    "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
    "unit": "iso4217:EUR"
   }
  },
  "f-634": {
   "value": "<div><div id=\"i43e6a12bf22342ad87b2f229db6a9125_1057\" style=\"position:absolute;top:90pt\"></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Share-based compensation</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.67pt\">In </span><span class=\"f charStyle-24b91321 ps19609\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19610\" style=\"width:237.85pt\">, Iveco Group recognised total share-based compensation expense of \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19611\" style=\"width:8.2pt\">16<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19612\" style=\"width:62.08pt\"> million, of which \u20ac</span><span class=\"f charStyle-24b91321 ps19613\" style=\"width:8.2pt\">11</span><span class=\"f charStyle-24b91321 ps19614\" style=\"width:134.63pt\"> million arising from equity-settled share-</span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:98.53pt\">based payment awards and \u20ac</span><span class=\"f charStyle-24b91321 ps19615\" style=\"width:4.1pt\">5</span><span class=\"f charStyle-24b91321 ps19616\" style=\"width:218.67pt\"> million arising from cash-settled share-based payment awards, (\u20ac</span><span class=\"f charStyle-24b91321 ps19617\" style=\"width:8.2pt\">12</span><span class=\"f charStyle-24b91321 ps19618\" style=\"width:34.09pt\"> million in </span><span class=\"f charStyle-24b91321 ps19619\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19620\" style=\"width:96pt\">, including \u20ac3 million income,</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recorded in the second quarter, related to the reversal for forfeitures of certain previously granted share-based awards), and total tax benefit</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:167.62pt\">relating to share-based compensation expense of \u20ac</span><span class=\"f charStyle-24b91321 ps19621\" style=\"width:4.1pt\">2</span><span class=\"f charStyle-24b91321 ps19622\" style=\"width:31.51pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps19623\" style=\"width:4.1pt\">1</span><span class=\"f charStyle-24b91321 ps19624\" style=\"width:32.74pt\"> million in </span><span class=\"f charStyle-24b91321 ps9469\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19625\" style=\"width:4.5pt\">).</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:22.26pt\">As of </span><span class=\"f charStyle-24b91321 ps19626\" style=\"width:66.1pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19627\" style=\"width:387.67pt\">, for the equity-settled share based payment awards, Iveco Group had unrecognised share-based compensation</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:152.07pt\">expense related to non-vested awards of \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19628\" style=\"width:8.2pt\">17</span><span class=\"f charStyle-24b91321 ps7183\" style=\"width:35.75pt\">\u00a0million (\u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps19629\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps19630\" style=\"width:39.52pt\">\u00a0million at </span><span class=\"f charStyle-24b91321 ps19631\" style=\"width:66.94pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps19632\" style=\"width:165.24pt\">), based on current assumptions related to the</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">achievement of specified performance objectives, when applicable. Unrecognised share-based compensation expenses will be recognised over a</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:91.37pt\">weighted-average period of </span><span class=\"f charStyle-24b91321 ps19633\" style=\"width:10.25pt\">1.8</span><span class=\"f charStyle-24b91321 ps19634\" style=\"width:22.13pt\"> years.</span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">As part of the Demerger, any awards outstanding under the CNH Industrial Equity Incentive Plan (\"CNH Industrial EIP\") held by directors, officers</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">and other employees vesting in 2022, were accelerated in December 2021 and the related equity incentives were issued by CNH Industrial in</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">CNH Industrial N.V. stock. As a result of the Demerger, remaining outstanding awards vesting in 2023 and 2024 were converted to award on the</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">shares of the entity the participant was employed with post spin. As such, for Iveco Group employees, the underlying stock awards under the</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">CNH Industrial EIP vesting in 2023 and 2024 were converted at the effective date of the Demerger, subject to its terms, to Common Shares of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Iveco Group N.V. The conversion of the CNH Industrial EIP included appropriate adjustment mechanisms to ensure that the value of the unvested</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps2802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">awards granted to all the beneficiaries under such plan remained unchanged pre and post Demerger for employees in both Iveco Group and CNH<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:291.8pt\">Industrial. No incremental cost has been recognised as a consequence of the conversion.</span><span class=\"f charStyle-24b91321 ps19635\" style=\"width:2.05pt\"> </span></div><div class=\"ps2805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">On 25 February 2022, the Board of Directors adopted the Iveco Group N.V. Equity Incentive Plan (\u201cthe EIP\u201d or \u201cthe Plan\u201d). The EIP relates to the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">grant of stock-based awards to eligible top performers and key leaders of the Company and its subsidiaries. The EIP is an umbrella programme</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps2807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:278.64pt\">defining the terms and conditions for any subsequent long term incentive programme.</span></div><div class=\"ps4258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The Board of Directors also approved a new long-term incentive programme (\u201cLTIP\u201d), tied to the Company\u2019s five-year Strategic Business Plan</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps3350 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">which spans in total over a five-year performance period, 2022 through 2026. Shareholders at the 13 April 2022 AGM voted in favour to allow up</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps2810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">to a maximum of 16 million Common Shares which may be issued under the LTIP, of which 4 million (rights to subscribe for) Common Shares are</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps2811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">reserved for issuance to the Executive Directors. Furthermore, on 16 April 2025, at the AGM, shareholders of Iveco Group N.V. authorised the</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps2812 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:338.48pt\">assignment of equity awards to the Executive Directors under the Long-Term Incentive Plan 2025-2029.</span></div><div class=\"ps4410 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Under the LTIP, performance share rights (\u201cPSUs\u201d) representing the right to receive one Common Share in the capital of the Company, will be</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps4268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">awarded to the Chairman and to the Chief Executive Officer. A combination of PSUs and restricted share rights (\u201cRSUs\u201d), each representing the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps2815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">right to receive one Common Share in the capital of the Company, will be awarded to members of the Senior Leadership Team (\u201cSLT\u201d) and other</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps2816 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">key members of the Group. The PSUs will be subject to the achievement of certain performance targets, while the RSUs will be subject only to</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps2817 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">the participant\u2019s continuing service as officer, director or employee of the Company; both PSUs and RSUs are also subject to acceptable</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps2818 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:76.19pt\">individual performance.</span></div><div class=\"ps2819 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">As a consequence of the agreements announced on 30 July 2025, the 2023-2025 LTIP Awards will be settled in cash in March 2026 and, for the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps2820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">PSUs, the vested amount will be based on actual performance observed for the entire period of 2023-2025, as originally intended. The cash-</span></div><div class=\"ps4281 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:335.98pt\">settlement payment for PSUs and RSUs will reflect the Company\u2019s share price as of 27 February 2026.</span><span class=\"f charStyle-24b91321 ps7354\" style=\"width:2.05pt\"> </span></div><div class=\"ps4585 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The modification occurred to the 2023-2025 LTIP Awards required the change in the accounting treatment from equity-settled to cash-settled</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps4588 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">share-based payment awards. As a consequence, Iveco Group recognised a liability in the statement of financial position for these awards,</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps4589 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:50.61pt\">amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps19636\" style=\"width:8.2pt\">33</span><span class=\"f charStyle-24b91321 ps89\" style=\"width:35.92pt\"> million at </span><span class=\"f charStyle-24b91321 ps19637\" style=\"width:64.54pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps19638\" style=\"width:316.78pt\">, classified within Provisions for employee benefits, remeasured to fair value at each reporting</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps4590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:358.56pt\">date, with any movements in fair value being recognised in profit or loss. In addition, the Group recognised \u20ac</span><span class=\"f charStyle-24b91321 ps19639\" style=\"width:4.1pt\">5</span><span class=\"f charStyle-24b91321 ps19640\" style=\"width:113.41pt\"> million of employer social security</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps4591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:73.77pt\">contribution expenses.</span><span class=\"f charStyle-24b91321 ps19641\" style=\"width:2.05pt\"> </span></div><div class=\"ps5546 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Furthermore, with reference to the 2024-2026 and 2025-2027 LTIP Awards, upon the successful completion of the Tata Transaction, subject to</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">certain conditions being satisfied, employee rights under the outstanding LTIPs will be settled in cash, with performance conditions being deemed</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps5549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">satisfied at-target level performance; gross payment shall be equal to the share price of Iveco Group in the Tata Transaction, adjusted for the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps8635 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:70.07pt\">Defence Transaction.</span></div><div class=\"ps5550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:254.82pt\">For additional details, see section \u201cRemuneration Report\u201d in the Board Report.</span></div></div><div class=\"ps1368 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-bcf1ea07 ps18\">Performance Share Units</span></div><div class=\"ps19643 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:143.4pt\">2021-2023 LTIP Awards from the Demerger</span><span class=\"f charStyle-50993fa8 ps19642\" style=\"width:2.05pt\"> </span></div><div class=\"ps19644 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Under the CNH Industrial EIP, 1.9 million nonvested PSUs on CNH Industrial N.V.'s shares related to Iveco Group key executive officers and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps19645 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">select employees where outstanding at 31 December 2021. As a result of the Demerger, such nonvested outstanding PSUs were converted to</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps19646 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:159.16pt\">3.0 million awards on Iveco Group N.V.'s shares.</span></div><div class=\"ps8430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">The PSUs vested on 28 February 2024, based on the achievement of each target of Adjusted diluted EPS and Industrial ROIC (the ratio of</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps11889 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Adjusted EBIT (after-tax) over Average Industrial Invested Capital), weighted 50% each, determined independently, and adjusted according to the</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps12292 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">TSR multiplier. The payout of the two independent metrics ranged from 50% at threshold results to a cap of 200% at or above outstanding results.</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps12293 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">These metrics were considered performance vesting conditions. The overall achievement factor under the plan terms including the TSR modifier</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps12294 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:341.71pt\">was 183.33%. As a result, 4.8 million shares were assigned, corresponding to 2.6 million awarded PSUs.</span></div><div class=\"ps19647 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">2022-2024 LTIP Awards</span></div><div class=\"ps8431 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">In February 2022, the Board of Directors approved the equity incentive plan in which employees and executive directors may participate. In May<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps4438 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">2022, the Company issued approximately 2 million PSUs to its key executive officers and select employees. The Executive Directors (Former</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps4439 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">CEO and Chairperson) had only been awarded PSUs. Furthermore, in October 2022, Iveco Group issued 19 thousand PSUs to select</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps5024 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:37.7pt\">employees.</span></div><div class=\"ps7098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The fair values of the awards were calculated using the Monte Carlo Simulation model. As almost all the awards issued during 2022 were issued</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">on 5 May, the key assumptions utilised to calculate the grant-date fair values for awards issued on this grant date are listed below:</span></div><div class=\"ps19659 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:316.5pt\"></td><td style=\"padding:0;width:159pt\"></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps1489 ss1651\"><div><div class=\"ps313 ss394\"><span class=\"f charStyle-81df793a ps19648\">Key Assumptions for awards issued<span class=\"f ps13\"> </span></span></div><div class=\"ps755 ss394\"><span class=\"f charStyle-81df793a ps19649\">on 5 May 2022<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps16912 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-91a08a3a ps22\">Grant date stock price (in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19651 ss395\"><div><div class=\"ps961 ss394\"><span class=\"f charStyle-91a08a3a ps19650\">5.4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps6443 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-91a08a3a ps22\">Expected Volatility<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19654 ss395\"><div><div class=\"ps961 ss394\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19652\"></span><span class=\"ps19652\">42<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19653\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps16915 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-91a08a3a ps22\">Dividend yield<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19657 ss395\"><div><div class=\"ps961 ss394\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19655\"></span><span class=\"ps19655\">3<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19656\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps1802 ss393\"><div><div class=\"ps961 ss387\"><span class=\"f charStyle-91a08a3a ps22\">Risk-free rate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13061 ss395\"><div><div class=\"ps961 ss394\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19658\"></span><span class=\"ps19658\">0.47<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19656\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps3217 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The expected volatility was backed up by the comparator group average due to a limited historic volatility data prior to the grant date. Dividend</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps3218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">yield was based on comparison between the management assumption and the external expected dividend yield. The risk-free interest rate was</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps19660 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.59pt\">based on the ECB risk-free rate yield curve.</span><span class=\"f charStyle-24b91321 ps1446\" style=\"width:2.05pt\"> </span></div><div class=\"ps3220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:373.63pt\">On 30 June 2024, Mr. Marx (Former CEO) left the Group, therefore, approximately 0.5 million PSUs were forfeited.</span><span class=\"f charStyle-24b91321 ps19661\" style=\"width:2.05pt\"> </span></div><div class=\"ps3221 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The PSUs vesting was based on the achievement of each target determined independently related to: (i) 3 years average of the Adjusted EBIT</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">Margin %, weighted 40%; (ii) Relative Total Shareholder Return (\u201cRelative TSR\u201d is the annualised rate of return, reflecting stock price</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3223 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:310.36pt\">performance, and compared to a pre-selected comparator group), weighted 40% and (iii) CO</span><span class=\"f charStyle-d5c0f051 ps19662\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps19663\" style=\"width:162.98pt\">% reduction over the 3 years compared to 2019,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps3224 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:437.88pt\">weighted 20%. The payout ranged from 50% of target award to a cap of 200% of target award. The Adjusted EBIT Margin % and CO</span><span class=\"f charStyle-d5c0f051 ps19664\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps19665\" style=\"width:35.47pt\"> Reduction</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps19666 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">% metrics payout 50% of target award at threshold, 100% at target achievement and capped at 200% of target award for outstanding</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps19668 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:41.38pt\">performance</span><span class=\"f charStyle-24b91321 ps19667\" style=\"width:434.6pt\">, and in cases where the Company performance falls between the Threshold, Target, and Outstanding levels, linear interpolation</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7659 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:115.77pt\">were used to calculate the award. </span><span class=\"f charStyle-24b91321 ps19669\" style=\"width:360.14pt\">No payout below threshold results. Relative TSR only paid out at or above target (median ranking) and was</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps19672 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:136.89pt\">also capped at 200% of target award for 1</span><span class=\"f charStyle-c9e6775e ps19670\" style=\"width:3.72pt\"><sup>st</sup></span><span class=\"f charStyle-24b91321 ps19671\" style=\"width:161.86pt\"> place ranking among the comparator companies.</span></div><div class=\"ps19673 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The PSUs vested on 28 February 2025, after the end of the performance period, based on the overall achievement factor based on the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.76pt\">performance period 2022-2024 of 110.8%. As a result, 1.1 million shares were assigned, corresponding to 1 million awarded PSUs.</span><span class=\"f charStyle-24b91321 ps19674\" style=\"width:2.05pt\"> </span></div><div class=\"ps19676 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:79.5pt\">2023-2025 LTIP Awards</span></div><div class=\"ps19677 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">In May 2023, following the same framework of the 2022-2024 LTIP Awards, the Company issued approximately 1.3 million PSUs to its key</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps19678 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:419.57pt\">executive officers and select employees. The Executive Directors (Former CEO and Chairperson) had only been awarded PSUs.</span></div><div class=\"ps1042 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The PSUs vesting was based on the achievement of each target determined independently related to: (i) 3 years average of the Adjusted EBIT</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1043 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">Margin %, weighted 40%; (ii) Relative Total Shareholder Return (\u201cRelative TSR\u201d is the annualised rate of return, reflecting stock price</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1044 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:310.36pt\">performance, and compared to a pre-selected comparator group), weighted 40% and (iii) CO</span><span class=\"f charStyle-d5c0f051 ps19662\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps19663\" style=\"width:162.98pt\">% reduction over the 3 years compared to 2019,</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1045 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:437.95pt\">weighted 20%. The payout ranges from 50% of target award to a cap of 200% of target award. The Adjusted EBIT Margin % and CO</span><span class=\"f charStyle-d5c0f051 ps19679\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps19680\" style=\"width:35.49pt\"> Reduction</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1047 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">% metrics payout 50% of target award at threshold, 100% at target achievement and capped at 200% of target award for outstanding</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps7472 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:41.38pt\">performance</span><span class=\"f charStyle-24b91321 ps19667\" style=\"width:434.6pt\">, and in cases where the Company performance falls between the Threshold, Target, and Outstanding levels, linear interpolation</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps19682 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:108.92pt\">were used to calculate the award</span><span class=\"f charStyle-24b91321 ps19681\" style=\"width:366.99pt\">. No payout below threshold results. Relative TSR only pays out at or above target (median ranking) and is also<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps19685 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:121.32pt\">capped at 200% of target award for 1</span><span class=\"f charStyle-c9e6775e ps19683\" style=\"width:3.72pt\"><sup>st</sup></span><span class=\"f charStyle-24b91321 ps19684\" style=\"width:161.86pt\"> place ranking among the comparator companies.</span></div><div class=\"ps19686 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The fair values of the awards were calculated using the Monte Carlo Simulation model. As almost all the awards issued during 2023 were issued</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps19687 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.8pt\">on 15 May, the key assumptions utilised to calculate the grant-date fair values for awards issued on this grant date are listed below:</span></div><div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:317.25pt\"></td><td style=\"padding:0;width:158.25pt\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps18407 ss1652\"><div><div class=\"ps13102 ss59\"><span class=\"f charStyle-e7292d78 ps19688\">Key Assumptions for awards issued</span></div><div class=\"ps9141 ss59\"><span class=\"f charStyle-e7292d78 ps19689\">on 15 May 2023</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13819 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Grant date stock price (in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19690 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927 ps5745\">7.33<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13971 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Expected Volatility<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19693 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927\"><span class=\"ps19691\"></span><span class=\"ps19691\">38<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19692\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13567 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Dividend yield<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19696 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927\"><span class=\"ps19694\"></span><span class=\"ps19694\">3<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19695\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8270 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Risk-free rate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19698 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927\"><span class=\"ps19697\"></span><span class=\"ps19697\">2.39<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19695\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19699 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The expected volatility is backed up by the comparator group average due to a limited historic volatility data prior to the grant date. Dividend yield</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19700 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">was based on comparison between the management assumption and the external expected dividend yield. The risk-free interest rate was based</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps19702 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:120.45pt\">on the ECB risk-free rate yield curve.</span><span class=\"f charStyle-24b91321 ps19701\" style=\"width:2.05pt\"> </span></div><div class=\"ps19703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">In September and December 2023, and in March 2024, Iveco Group issued total 38 thousand PSUs and 9 thousand PSUs, respectively, to select</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:37.7pt\">employees.</span></div><div class=\"ps19705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:373.63pt\">On 30 June 2024, Mr. Marx (Former CEO) left the Group, therefore, approximately 0.4 million PSUs were forfeited.</span><span class=\"f charStyle-24b91321 ps19661\" style=\"width:2.05pt\"> </span></div><div class=\"ps19706 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The PSUs vested on 28 February 2026, based on actual performance observed for the entire period of 2023-2025, as originally intended. As</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps19707 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">described above, as consequence of the agreements announced on 30 July 2025, the PSUs will be settled in cash in March 2026 and the cash-</span></div><div class=\"ps19709 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:268.78pt\">settlement payment will reflect the Company\u2019s share price as of 27 February 2026.</span><span class=\"f charStyle-24b91321 ps19708\" style=\"width:2.05pt\"> </span></div><div class=\"ps19710 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:79.5pt\">2024-2026 LTIP Awards</span></div><div class=\"ps19711 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">In May 2024, July 2024, and September 2024, following the same framework of the 2022-2024 and 2023-2025 LTIP Awards, the Company issued</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps19712 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">approximately 0.8 million PSUs to its key executive officers and select employees. The Executive Directors (CEO and Chairperson) had only been</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps19713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:51.22pt\">awarded PSUs.</span></div><div class=\"ps19714 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">The PSUs will vest on 28 February 2027, after the end of the performance period, based on the achievement of each target determined</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19715 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">independently related to: (i) 3 years average of the Adjusted EBIT Margin %, weighted 40%; (ii) Relative Total Shareholder Return (\u201cRelative TSR\u201d</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps19716 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">is the annualised rate of return, reflecting stock price performance, and compared to a pre-selected comparator group), weighted 40% and (iii)</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19717 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:11.06pt\">CO</span><span class=\"f charStyle-d5c0f051 ps3161\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps3162\" style=\"width:462.14pt\">% reduction over the 3 years compared to 2019, weighted 20%. The payout ranges from 50% of target award to a cap of 200% of target</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps19720 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:151.1pt\">award. The Adjusted EBIT Margin % and CO</span><span class=\"f charStyle-d5c0f051 ps19718\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps19719\" style=\"width:322.15pt\"> Reduction % metrics payout 50% of target award at threshold, 100% at target achievement and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps19722 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.01pt\">capped at 200% of target award for outstanding performance</span><span class=\"f charStyle-24b91321 ps19721\" style=\"width:276.95pt\">, and in cases where the Company performance falls between the Threshold, Target,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19724 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:250.02pt\">and Outstanding levels, linear interpolation were used to calculate the award</span><span class=\"f charStyle-24b91321 ps19723\" style=\"width:226.03pt\">. No payout below threshold results. Relative TSR only pays out at or</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps19727 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:258.99pt\">above target (median ranking) and is also capped at 200% of target award for 1</span><span class=\"f charStyle-c9e6775e ps19725\" style=\"width:3.72pt\"><sup>st</sup></span><span class=\"f charStyle-24b91321 ps19726\" style=\"width:161.86pt\"> place ranking among the comparator companies.</span></div><div class=\"ps19728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The fair values of the awards are calculated using the Monte Carlo Simulation model. As almost all the awards issued during 2024 were issued on</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps19729 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:417.55pt\">27 May, the key assumptions utilised to calculate the grant-date fair values for awards issued on this grant date are listed below:</span></div><div class=\"ps19730 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:317.25pt\"></td><td style=\"padding:0;width:158.25pt\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps18407 ss1652\"><div><div class=\"ps13102 ss59\"><span class=\"f charStyle-e7292d78 ps19688\">Key Assumptions for awards issued</span></div><div class=\"ps9141 ss59\"><span class=\"f charStyle-e7292d78 ps19689\">on 27 May 2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13819 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Grant date stock price (in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19690 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927 ps1493\">11.58<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13971 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Expected Volatility<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19693 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19691\"></span><span class=\"ps19691\">42<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19692\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13567 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Dividend yield<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19696 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19694\"></span><span class=\"ps19694\">4<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19695\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8270 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Risk-free rate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19698 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19697\"></span><span class=\"ps19697\">2.90<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19695\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19731 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">2025-2027 LTIP Awards</span></div><div class=\"ps19732 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">In May 2025, following the same framework of the 2022-2024, 2023-2025 LTIP Awards and 2024-2026 LTIP Awards, the Company issued</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps19733 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">approximately 0.7 million PSUs to its key executive officers and select employees. The Executive Directors (CEO and Chairperson) have only</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps19734 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:69.67pt\">been awarded PSUs.</span></div><div class=\"ps19735 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">The PSUs will vest on 29 February 2028, after the end of the performance period, based on the achievement of each target determined</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19736 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">independently related to: (i) 3 years average of the Adjusted EBIT Margin %, weighted 40%; (ii) Relative Total Shareholder Return (\u201cRelative TSR\u201d</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps19737 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">is the annualised rate of return, reflecting stock price performance, and compared to a pre-selected comparator group), weighted 40% and (iii)</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19738 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:11.06pt\">CO</span><span class=\"f charStyle-d5c0f051 ps3161\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps3162\" style=\"width:462.14pt\">% reduction over the 3 years compared to 2019, weighted 20%. The payout ranges from 50% of target award to a cap of 200% of target</span><span class=\"f charStyle-24b91321 ps3126\" style=\"width:2.05pt\"> </span></div><div class=\"ps19739 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:151.1pt\">award. The Adjusted EBIT Margin % and CO</span><span class=\"f charStyle-d5c0f051 ps19718\" style=\"width:2.66pt\">2</span><span class=\"f charStyle-24b91321 ps19719\" style=\"width:322.15pt\"> Reduction % metrics payout 50% of target award at threshold, 100% at target achievement and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps19740 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:199.01pt\">capped at 200% of target award for outstanding performance</span><span class=\"f charStyle-24b91321 ps19721\" style=\"width:276.95pt\">, and in cases where the Company performance falls between the Threshold, Target,</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19741 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:250.02pt\">and Outstanding levels, linear interpolation were used to calculate the award</span><span class=\"f charStyle-24b91321 ps19723\" style=\"width:226.03pt\">. No payout below threshold results. Relative TSR only pays out at or</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps19742 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:258.99pt\">above target (median ranking) and is also capped at 200% of target award for 1</span><span class=\"f charStyle-c9e6775e ps19725\" style=\"width:3.72pt\"><sup>st</sup></span><span class=\"f charStyle-24b91321 ps19726\" style=\"width:161.86pt\"> place ranking among the comparator companies.</span></div><div class=\"ps19743 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">The fair values of the awards are calculated using the Monte Carlo Simulation model. The key assumptions utilised to calculate the grant-date fair</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps19744 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:195.45pt\">values for awards issued on this grant date are listed below:</span></div></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:317.25pt\"></td><td style=\"padding:0;width:158.25pt\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps18407 ss1652\"><div><div class=\"ps13102 ss59\"><span class=\"f charStyle-e7292d78 ps19688\">Key Assumptions for awards issued</span></div><div class=\"ps9141 ss59\"><span class=\"f charStyle-e7292d78 ps19745\">on 9 May 2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13819 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Grant date stock price (in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19690 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927 ps1493\">14.66<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13971 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Expected Volatility<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19693 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-bd419927\"><span class=\"ps19691\"></span><span class=\"ps19691\">40<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19692\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps13567 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Dividend yield<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19696 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19694\"></span><span class=\"ps19694\">3<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19695\">%</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8270 ss1653\"><div><div class=\"ps961 ss1484\"><span class=\"f charStyle-91a08a3a ps22\">Risk-free rate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19698 ss60\"><div><div class=\"ps961 ss59\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps19697\"></span><span class=\"ps19697\">1.90<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span><span class=\"ps19695\">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19746 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The following table reflects the activity of PSUs under the 2021-2023 LTIP Awards from the Demerger, the 2022-2024 LTIP Awards, the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps19750 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.88pt\">2023-2025 LTIP Awards, 2024-2026 LTIP Awards and 2025-2027 LTIP Awards during the </span><span class=\"f charStyle-24b91321 ps19747\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19748\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps5072\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19749\" style=\"width:2.05pt\">:</span><span class=\"f charStyle-24b91321 ps17050\" style=\"width:2.05pt\"> </span></div><div class=\"ps19786 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:202.5pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:68.25pt\"></td></tr><tr style=\"height:11.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps17663 ss1654\"><div><div class=\"ps8474 ss328\"><span class=\"f charStyle-ca320917 ps19751\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps19752 ss1654\"><div><div class=\"ps8474 ss328\"><span class=\"f charStyle-ca320917 ps19751\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19755 ss1557\"><div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps19753\">Performance Share </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps19754\">Units</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19756 ss1557\"><div><div class=\"ps2248 ss328\"><span class=\"f charStyle-ca320917 ps13993\">Weighted average <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps13848\">grant date fair value </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps8279\">(in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19757 ss1557\"><div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps19753\">Performance Share </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps19754\">Units</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19758 ss1557\"><div><div class=\"ps2248 ss328\"><span class=\"f charStyle-ca320917 ps13993\">Weighted average <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps13848\">grant date fair value </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps8279\">(in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps3929 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-ca320917 ps22\">Nonvested at beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19760 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">2,693,943<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19762 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">7.22<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps14680 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">5,581,522<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19763 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">4.98<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8954 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Granted<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19765 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:39.03pt\"></span></span><span class=\"ps19764\">661,030<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19767 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.31pt\"></span></span><span class=\"ps19766\">15.28<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19768 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:39.03pt\"></span></span><span class=\"ps19764\">790,173<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19769 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.31pt\"></span></span><span class=\"ps19766\">11.17<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8958 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Forfeited/Cancelled<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19771 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.85pt\"></span></span><span class=\"ps19770\">(254,030)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19772 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">9.41<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19774 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:31.39pt\"></span></span><span class=\"ps19773\">(1,045,920)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19775 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">5.47<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8153 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Vested<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19776 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:31.39pt\"></span></span><span class=\"ps19773\">(1,013,310)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19777 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">3.91<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19778 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:31.39pt\"></span></span><span class=\"ps19773\">(2,631,832)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19779 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">4.34<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2962 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Less: Discontinued Operations - Nonvested at end of year</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19780 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.85pt\"></span></span><span class=\"ps19770\">(105,090)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19781 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.31pt\"></span></span><span class=\"ps19766\">10.76<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8965 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-ca320917 ps22\">Nonvested at end of year - Continuing Operations</span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19782 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">1,982,543<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19783 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.31pt\"></span></span><span class=\"ps19766\">11.14<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19784 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">2,693,943<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19785 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">7.22<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19788 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-bcf1ea07 ps18\" style=\"width:79.03pt\">Restricted Share Units</span></div><div class=\"ps19789 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:143.4pt\">2021-2023 LTIP Awards from the Demerger<span class=\"f ps13\"> </span></span></div><div class=\"ps19790 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">Under the CNH Industrial EIP, 1.0 million nonvested RSUs on CNH Industrial N.V.'s shares related to Iveco Group key executive officers and</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">select employees where outstanding at 31 December 2021. As a result of the Demerger, such nonvested RSUs outstanding were converted to</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:159.16pt\">1.6 million awards on Iveco Group N.V.'s shares.</span></div><div class=\"ps19791 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">The first tranche of RSUs (0.8 million) vested on 30 April 2023 and the second tranche vested on 30 April 2024 (0.7 million). The RSUs vested</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps19792 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.88pt\">upon a time-based service requirement.</span></div><div class=\"ps19793 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:79.5pt\">2022-2024 LTIP Awards</span></div><div class=\"ps19794 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">In February 2022, the Board of Directors approved the equity incentive plan in which employees and executive directors may participate. In May</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps19795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:303.64pt\">2022, the Company issued 1 million RSUs to its key executive officers and select employees.</span></div><div class=\"ps19796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The fair value of the award was measured using the stock price on the grant date adjusted for the present value of future dividends that</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps19797 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.02pt\">employees would have not received during the vesting period.</span></div><div class=\"ps19798 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">In October and November 2022, and in July 2024, Iveco Group issued total 80 thousand RSUs and 5 thousand RSUs, respectively, to select</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps19799 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:37.7pt\">employees.</span></div><div class=\"ps19800 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The RSUs vested on 28 February 2025, and were subject only to the participant\u2019s continuing service as officer, director or employee of the</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps19802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.71pt\">Company. As a result, 0.9 million were assigned corresponding to the RSUs vested.</span><span class=\"f charStyle-24b91321 ps19801\" style=\"width:2.05pt\"> </span></div><div class=\"ps17371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:79.5pt\">2023-2025 LTIP Awards</span></div><div class=\"ps19803 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">In May 2023, following the same framework of the 2022-2024 LTIP Awards, the Company issued 0.7 million RSUs to its key executive officers</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps19804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:73.36pt\">and select employees.</span></div><div class=\"ps19805 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">The fair value of the award was measured using the stock price on the grant date adjusted for the present value of future dividends that</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps19806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:202.02pt\">employees would have not received during the vesting period.<span class=\"f ps13\"> </span></span></div><div class=\"ps19807 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">In September and December 2023, and in March and July 2024, Iveco Group issued total 87 thousand RSUs and 14 thousand RSUs,</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps19808 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.23pt\">respectively, to select employees.</span></div><div class=\"ps19809 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The RSUs vested on 28 February 2026, subject only to the participant\u2019s continuing service as officer, director or employee of the Company. As</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps19810 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">described above, as a consequence of the agreements announced on 30 July 2025, the RSUs will be settled in cash in March 2026 and the cash-</span></div><div class=\"ps19811 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:268.78pt\">settlement payment will reflect the Company\u2019s share price as of 27 February 2026.</span><span class=\"f charStyle-24b91321 ps19708\" style=\"width:2.05pt\"> </span></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">2024-2026 LTIP Awards</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">In May 2024, following the same framework of the 2022-2024 and 2023-2025 LTIP Awards, the Company issued approximately 0.5 million of</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">RSUs to its key executive officers and select employees. In July and September 2024, Iveco Group issued other 61 thousand RSUs to select</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:37.7pt\">employees.</span><span class=\"f charStyle-24b91321 ps868\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The RSUs will vest on 28 February 2027, subject only to the participant\u2019s continuing service as officer, director or employee of the Company. The</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">fair value of the award is measured using the stock price on the grant date adjusted for the present value of future dividends that employees will</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:120.88pt\">not receive during the vesting period.</span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">2025-2027 LTIP Awards</span></div><div class=\"ps542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">In May 2025, following the same framework of the 2022-2024, 2023-2025 LTIP Awards and 2024-2026 LTIP Awards, the Company issued</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:267.96pt\">approximately 0.4 million RSUs to its key executive officers and select employees.</span><span class=\"f charStyle-24b91321 ps19813\" style=\"width:2.05pt\"> </span></div><div class=\"ps1218 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The RSUs will vest on 29 February 2028, subject only to the participant\u2019s continuing service as officer, director or employee of the Company. The</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">fair value of the award is measured using the stock price on the grant date adjusted for the present value of future dividends that employees will</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:120.88pt\">not receive during the vesting period.</span></div><div class=\"ps548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The following table reflects the activity of RSUs under the 2021-2023 LTIP Awards from the Demerger, the 2022-2024 LTIP Awards, the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.88pt\">2023-2025 LTIP Awards, 2024-2026 LTIP Awards and 2025-2027 LTIP Awards during the </span><span class=\"f charStyle-24b91321 ps19747\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19748\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps5072\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19749\" style=\"width:2.05pt\">:</span><span class=\"f charStyle-24b91321 ps17050\" style=\"width:2.05pt\"> </span></div><div class=\"ps10453 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:202.5pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:68.25pt\"></td><td style=\"padding:0;width:68.25pt\"></td></tr><tr style=\"height:11.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps17663 ss1654\"><div><div class=\"ps8474 ss328\"><span class=\"f charStyle-ca320917 ps19751\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps19752 ss1654\"><div><div class=\"ps8474 ss328\"><span class=\"f charStyle-ca320917 ps19751\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:29.25pt\"><td style=\"border-bottom:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19755 ss1557\"><div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps10277\">Restricted Share </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps19754\">Units</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19756 ss1557\"><div><div class=\"ps2248 ss328\"><span class=\"f charStyle-ca320917 ps13993\">Weighted average <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps13848\">grant date fair value </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps8279\">(in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19757 ss1557\"><div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps10277\">Restricted Share </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps19754\">Units</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19758 ss1557\"><div><div class=\"ps2248 ss328\"><span class=\"f charStyle-ca320917 ps13993\">Weighted average <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss328\"><span class=\"f charStyle-ca320917 ps13848\">grant date fair value </span></div><div class=\"ps2250 ss328\"><span class=\"f charStyle-ca320917 ps8279\">(in \u20ac)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps3929 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-ca320917 ps22\">Nonvested at beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19760 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">2,211,441<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19762 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">6.96<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps14680 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">2,501,141<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19763 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">5.30<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8954 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Granted<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19765 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:39.03pt\"></span></span><span class=\"ps19764\">434,880<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19767 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.31pt\"></span></span><span class=\"ps19766\">13.35<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19768 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:39.03pt\"></span></span><span class=\"ps19764\">582,807<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19769 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:46.31pt\"></span></span><span class=\"ps19766\">10.27<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8958 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Forfeited/Cancelled<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19771 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.85pt\"></span></span><span class=\"ps19770\">(216,166)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19772 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">8.45<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19774 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.85pt\"></span></span><span class=\"ps19770\">(131,936)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19775 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">5.59<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8153 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Vested<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19776 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.85pt\"></span></span><span class=\"ps19770\">(890,293)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19777 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">5.03<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19778 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:36.85pt\"></span></span><span class=\"ps19770\">(740,571)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19779 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">4.19<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps2962 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-91a08a3a ps22\">Less: Discontinued Operations - Nonvested at end of year</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19780 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:40.49pt\"></span></span><span class=\"ps19814\">(85,160)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19781 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-91a08a3a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">9.54<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps8965 ss402\"><div><div class=\"ps961 ss35\"><span class=\"f charStyle-ca320917 ps22\">Nonvested at end of year - Continuing Operations</span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19782 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">1,454,702<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19783 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">9.68<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19784 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:33.57pt\"></span></span><span class=\"ps19759\">2,211,441<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #acacac;padding:0\"><div class=\"ps19785 ss347\"><div><div class=\"ps961 ss328\"><span class=\"f charStyle-ca320917\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:49.95pt\"></span></span><span class=\"ps19761\">6.96<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-636": {
   "value": "<div class=\"ps19816 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">22. Provisions for employee benefits</span></div><div class=\"ps2717 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Iveco Group provides pension, healthcare, and insurance plans and other post-employment benefits to their employees and retirees, either</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19818 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:23.34pt\">directly</span><span class=\"f charStyle-24b91321 ps19817\" style=\"width:452.68pt\"> or by contributing to independently administered funds. The way these benefits are provided varies according to the legal, fiscal and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps19819 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">economic conditions of each country in which the Group operates, the benefits generally being based on the employees\u2019 remuneration and years</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps13191 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:365.95pt\">of service. Iveco Group provides post-employment benefits under defined contribution and defined benefit plans.<span class=\"f ps13\"> </span></span></div><div class=\"ps19820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">In the case of defined contribution plans, Iveco Group makes contributions to publicly or privately administered pension insurance plans on a</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps6845 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">mandatory, contractual, or voluntary basis. Once the contributions have been made, Iveco Group has no further payment obligations. Iveco Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps19821 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recognises the contribution cost when the employees have rendered their service and includes this cost by function in Cost of sales, Selling,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12081 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:281.48pt\">general and administrative costs and Research and development costs. During the </span><span class=\"f charStyle-24b91321 ps19822\" style=\"width:108.89pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19823\" style=\"width:18.18pt\"> and </span><span class=\"f charStyle-24b91321 ps19824\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19825\" style=\"width:51.15pt\">, Iveco Group's<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6975 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Continuing Operations recorded expenses of approximately \u20ac335 million and \u20ac328 million, respectively, for its defined contribution plans, inclusive</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps6976 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.38pt\">of social security contributions.</span></div><div class=\"ps8656 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Defined benefit plans may be unfunded, or they may be wholly or partly funded by contributions made by an entity, and sometimes by its</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">employees, into an entity, or fund, that is legally separate from the employer from which the employee benefits are paid. Benefits are generally</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19826 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">payable under these plans after the completion of employment. Defined benefit plans are classified by Iveco Group on the basis of the type of</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:234pt\">benefit provided as Pension plans and Other post-employment benefits.</span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension plans</span></div><div class=\"ps19827 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:401.93pt\">Pension obligations primarily comprise the obligations of Iveco Group\u2019s pension plans in the UK, Germany and Switzerland.</span></div><div class=\"ps4392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Under these plans, contributions are made to a separate fund (trust) that independently administers the plan assets. Iveco Group\u2019s funding policy</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps3510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">is to contribute amounts to the plan equal to the amounts required to meet the minimum funding requirements pursuant to the laws of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">applicable jurisdictions. Iveco Group may also choose to make discretionary contributions in addition to the funding requirements. To the extent</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps3512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">that a fund is overfunded, the Group is not required to make further contribution to the plan in respect of minimum performance requirements so</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:331.91pt\">long as the fund is in surplus. The significant pension plans that we are required to fund are in the UK.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other post-employment benefits</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Other post-employment benefits consist of obligations for Italian Employee Leaving Entitlements up to 31 December 2006 (after that date the</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">scheme became a defined contribution plan for Italian companies with more than 50 employees), loyalty bonus in Italy and various other similar</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">plans in France, Germany, and Belgium. Loyalty bonus is accrued for employees who have reached pre-defined service seniority and are</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">generally settled when employees leave the company. These plans are not required to be funded and, therefore, have no plan assets. Other post-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.39pt\">employment benefits also include plan obligations for healthcare and insurance plans granted to Iveco Group employees in France.</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.78pt\">Provisions for employee benefits at </span><span class=\"f charStyle-24b91321 ps11341\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19828\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps9445\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19829\" style=\"width:49.16pt\"> are as follows:</span></div><div class=\"ps19843 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:309.75pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1656\"><div><div class=\"ps8886 ss1655\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps14879 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps18577\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Post-employment benefits:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps8271\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19830 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">123<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps8271\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19831 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">152<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">169<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Total Post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19832 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">260<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">292<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2338 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Other provisions for employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19834 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps19833\">89<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19835 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2340 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19836 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps19833\">48<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19837 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2342 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-81df793a ps22\">Total Provision for employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19838 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps18578\">397<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15415 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">466<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3839 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Defined benefit plan assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19839 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps19833\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19840 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1641 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-81df793a ps22\">Total Defined benefit plan assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19841 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps19833\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19842 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The item Other provisions for employees consists of the best estimate at the balance sheet date of short-term employee benefits payable by the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:343.36pt\">Group within twelve months from the end of the period in which the employees render the related service.</span></div><div class=\"ps5601 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The item Other long-term employee benefits consists of the Group\u2019s obligation for those benefits generally payable during employment on</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">reaching a pre-defined level of seniority in the company or when a specified event occurs, and reflects the probability of payment and the length of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:109.77pt\">time over which this will be made.</span></div><div class=\"ps5605 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:328.61pt\"> changes in Other provisions for employees and in Other long-term employee benefits are as follows:</span></div><div class=\"ps19872 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:111.75pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1657\"><div><div class=\"ps18847 ss1313\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19844 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7997 ss1236\"><div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps19845\">Provision<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8138 ss1284\"><div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps19846\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19850 ss943\"><div><div class=\"ps2248 ss513\"><span class=\"f charStyle-81df793a ps19847\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss513\"><span class=\"f charStyle-81df793a ps19848\">liabilities </span></div><div class=\"ps2250 ss513\"><span class=\"f charStyle-81df793a ps19849\">held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1659\"><div><div class=\"ps2248 ss669\"><span class=\"f charStyle-81df793a ps17437\">Change in the scope <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss669\"><span class=\"f charStyle-81df793a ps13962\">of consolidation and </span></div><div class=\"ps2250 ss669\"><span class=\"f charStyle-81df793a ps11541\">other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1660\"><div><div class=\"ps961 ss1313\"><span class=\"f charStyle-bd419927 ps22\">Other provisions for employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19851 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19852 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11580\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19853 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(92)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19854 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17243\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19856 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19855\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19858 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1660\"><div><div class=\"ps961 ss1313\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19859 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19860 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11570\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19861 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19862 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17268\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19864 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19863\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19865 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">48<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1660\"><div><div class=\"ps961 ss1313\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19866 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">174<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19867 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-81df793a ps11580\">60<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19868 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18949\">(99)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19869 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17243\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19870 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-81df793a ps19855\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19871 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">137<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19901 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:114.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:37.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1661\"><div><div class=\"ps18221 ss488\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19875 ss1662\"><div><div class=\"ps2223 ss1473\"><span class=\"f charStyle-81df793a ps19874\">At 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8238 ss1121\"><div><div class=\"ps2223 ss511\"><span class=\"f charStyle-81df793a ps19876\">Provision<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19877 ss1663\"><div><div class=\"ps2223 ss506\"><span class=\"f charStyle-81df793a ps13901\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19880 ss1665\"><div><div class=\"ps2180 ss1664\"><span class=\"f charStyle-db2d9ea7 ps17930\">Transfer </span></div><div class=\"ps1327 ss1664\"><span class=\"f charStyle-db2d9ea7 ps19878\">to <span class=\"f ps13\"> </span></span></div><div class=\"ps2181 ss1664\"><span class=\"f charStyle-db2d9ea7 ps18222\">liabilities <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1664\"><span class=\"f charStyle-db2d9ea7 ps19879\">held for </span></div><div class=\"ps2223 ss1664\"><span class=\"f charStyle-db2d9ea7 ps13612\">sale</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1666\"><div><div class=\"ps2181 ss669\"><span class=\"f charStyle-81df793a ps17437\">Change in the scope <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss669\"><span class=\"f charStyle-81df793a ps13962\">of consolidation and </span></div><div class=\"ps2223 ss669\"><span class=\"f charStyle-81df793a ps11541\">other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1667\"><div><div class=\"ps2223 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps22\">Other provisions for employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19881 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">150<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19883 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19882\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19884 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927 ps9117\">(142)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19886 ss1668\"><div><div class=\"ps961 ss1664\"><span class=\"f charStyle-bd419927 ps19885\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1095 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19887\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19888 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19889 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">60<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19891 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19890\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19892 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927 ps9311\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19893 ss1668\"><div><div class=\"ps961 ss1664\"><span class=\"f charStyle-bd419927 ps19885\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1104 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19887\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19894 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19895 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps18370\">210<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19896 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps19882\">120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19897 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a ps9117\">(148)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19899 ss1668\"><div><div class=\"ps961 ss1664\"><span class=\"f charStyle-81df793a ps19898\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1113 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-81df793a ps19887\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19900 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">174<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19903 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:12.7pt\">The</span><span class=\"f charStyle-24b91321 ps19902\" style=\"width:463.36pt\"> amounts recognised in the consolidated income statement for pension plans and other post-employment benefits in the years ended</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps15882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:2.05pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps11760\" style=\"width:36.05pt\">December </span><span class=\"f charStyle-24b91321 ps16818\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:2.05pt\"> </span><span class=\"f charStyle-24b91321 ps19904\" style=\"width:47.11pt\">are as follows:</span></div></div><div><div class=\"ps772 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:205.5pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps5376 ss521\"><div><div class=\"ps961 ss508\"><span class=\"f charStyle-db2d9ea7 ps19905\">Pension plans</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps7755 ss521\"><div><div class=\"ps961 ss508\"><span class=\"f charStyle-db2d9ea7 ps19906\">Other post-employment benefits</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss385\"><div><div class=\"ps8886 ss384\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5099 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19907 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19908 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16896 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps819 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Current service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5380 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19909 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19910 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16897 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5382 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19911 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19912 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16898 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Interest income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5384 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19913 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19914 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16899 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-3769e72f ps22\">Past service cost</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5386 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19915 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19916 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16900 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Items related to Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19917 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19918 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19919 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19920 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1669\"><div><div class=\"ps2039 ss384\"><span class=\"f charStyle-81df793a ps22\">Component of defined benefit cost recognised in the <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss384\"><span class=\"f charStyle-81df793a ps22\">Consolidated Income Statement</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19921 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19922 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19923 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19924 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:325pt\">The amounts recognised in the consolidated statement of financial position for pension plans at </span><span class=\"f charStyle-24b91321 ps19926\" style=\"width:64.52pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19927\" style=\"width:18.22pt\"> and </span><span class=\"f charStyle-24b91321 ps19928\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19929\" style=\"width:51.89pt\"> are as follows:</span></div><div class=\"ps856 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:183pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19932 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps19930\">Defined benefit <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19931\">obligation</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19934 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps13641\">Fair value of plan <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19933\">assets</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19936 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps11596\">Effect of asset <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19935\">ceiling</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps19937\">Net defined benefit <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19938\">balance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps13819 ss1526\"><div><div class=\"ps8886 ss1525\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19941 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19942 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19943 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19944 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19946 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps19945\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19947 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19948 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19949 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13971 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Balance at the beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19950 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">389<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19951 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">421<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19952 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19953 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">296<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19955 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19957 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.91pt\"></span></span><span class=\"ps19956\">31<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19958 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19959 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">156<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13915 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Current service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19960 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19961 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19962 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19963 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19964 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19966 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19967 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19968 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13919 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19969 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19970 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19971 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19972 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19973 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19974 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19975 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19976 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Interest income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19977 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19978 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19979 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19980 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19981 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19982 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19983 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19984 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Past service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19985 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19986 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19987 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19988 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19989 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19990 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19991 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19992 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss1672\"><div><div class=\"ps2039 ss1525\"><span class=\"f charStyle-81df793a ps22\">Component of defined benefit cost recognised in the <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1525\"><span class=\"f charStyle-81df793a ps22\">Consolidated Income Statement</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19993 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9144\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19994 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9144\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19995 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19996 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19997 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19998 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19999 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20000 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">7<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8203 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Return on plan assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20001 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20002 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20003 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20004 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20005 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20006 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20008 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.73pt\"></span></span><span class=\"ps20007\">(20)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20010 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:22.37pt\"></span></span><span class=\"ps20009\">(2)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11591 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">Remeasurements:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11601 ss1673\"><div><div class=\"ps9321 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">Actuarial losses/(gains) from changes in financial <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">assumptions</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20011 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20012 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20013 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20014 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20015 ss1674\"><div><div class=\"ps9141 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20016 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20017 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20018 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7406 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">Other remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20019 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20020 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20021 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20022 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20023 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20024 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20025 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20026 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7412 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Total remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20027 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20028 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20029 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20030 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20031 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20032 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20033 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20034 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps152 ss1673\"><div><div class=\"ps9321 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Changes in the effect of limiting a net defined benefit asset to <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss1525\"><span class=\"f charStyle-bd419927 ps22\">the asset ceiling</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20035 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20036 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20037 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20038 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20039 ss1674\"><div><div class=\"ps9141 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20040 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.73pt\"></span></span><span class=\"ps20007\">(31)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20041 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20042 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2486 ss1672\"><div><div class=\"ps2039 ss1525\"><span class=\"f charStyle-81df793a ps22\">Components recognised in the Consolidated Statement <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1525\"><span class=\"f charStyle-81df793a ps22\">of Comprehensive Income</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20043 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20044 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20045 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9144\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20046 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20047 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20048 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.73pt\"></span></span><span class=\"ps20007\">(31)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20049 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9259\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20050 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9259\">(38)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13089 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Contribution by employer<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20051 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20052 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20053 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20054 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20055 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20056 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20057 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20058 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20059 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Contribution by plan participants<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20060 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20061 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20062 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20063 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20064 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20065 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20066 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20067 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20068 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Benefits paid<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20069 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20070 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20071 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20072 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20073 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20074 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20075 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20076 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14853 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Exchange rate differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20077 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20078 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20079 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20080 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20081 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20082 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20083 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20084 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9636 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Transfer to liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20085 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20086 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20087 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20088 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20089 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20090 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20091 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20092 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8820 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Other <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20093 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20094 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20095 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20096 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20097 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20098 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20099 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20100 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9641 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Balance at end of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20101 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">371<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20102 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">389<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20103 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">315<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20104 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20105 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20106 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20107 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20108 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">87<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9645 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Thereof:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9649 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">UK<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20109 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">116<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20110 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">125<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20111 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20112 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10516 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20113 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20114 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20115 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9310 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20116 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20117 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">117<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20118 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20119 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20120 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20121 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20122 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20123 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">117<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20124 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20125 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">137<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20126 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">134<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20127 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">188<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20128 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">170<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20129 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20130 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20131 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(51)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20132 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(36)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2498 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Other countries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20133 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20134 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20135 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20136 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20137 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20138 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20139 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20140 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20141 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20142 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">371<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20143 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">389<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20144 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">315<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20145 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20146 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20147 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20148 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20149 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">87<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9663 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Thereof:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9666 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Net defined benefit liability<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20150 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20151 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">123<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20152 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Net defined benefit asset<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20153 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20154 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:119.23pt\">Other post-employment benefits at </span><span class=\"f charStyle-24b91321 ps20156\" style=\"width:64.74pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17038\" style=\"width:18.44pt\"> and </span><span class=\"f charStyle-24b91321 ps20157\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps8652\" style=\"width:257.11pt\"> do not have plan assets; therefore, the net liability at the end of each year</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps20159 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.21pt\">considered corresponds to the defined benefit obligation at the same date.</span></div><div class=\"ps20164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:328.23pt\">The amounts recognised in the statement of financial position for Other post-employment benefits at </span><span class=\"f charStyle-24b91321 ps20160\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20161\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20162\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20163\" style=\"width:49.16pt\"> are as follows:</span></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps20209\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:315.75pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:11.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20166 ss1676\"><div><div class=\"ps961 ss1675\"><span class=\"f charStyle-81df793a ps20165\">Defined benefit obligation<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1678\"><div><div class=\"ps8886 ss1677\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20167 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9678\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9678\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Balance at the beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20168 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">178<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2335 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Current service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20170 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20171 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1607 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20172 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20173 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2338 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Past service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20174 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20175 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2340 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Component of defined benefit cost recognised in the Consolidated Income Statement<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20176 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20169\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20177 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20169\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2344 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Remeasurements:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2346 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps6169\">Actuarial losses/(gains) from changes in demographic assumptions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20178 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20180 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2348 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps6169\">Actuarial losses/(gains) from changes in financial assumptions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20182 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20181\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20183 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps6169\">Other remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20184 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20185 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2352 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Total remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20186 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20187 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7406 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Components recognised in the Consolidated Statement of Comprehensive Income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20188 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20179\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20189 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20179\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps152 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Benefits paid<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20190 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20181\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20191 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20181\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2192 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Transfer to Liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20192 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20193 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7428 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20194 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20195 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7434 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Balance at end of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20196 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">152<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20197 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">169<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps7441 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Thereof:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20198 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20199 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">96<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20200 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">111<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20201 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20202 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20203 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1739 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Other countries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20204 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20205 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20206 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Net defined benefit liability<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20207 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">152<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20208 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">169<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.41pt\">The weighted average durations of post-employment benefits obligations are as follows:</span></div><div class=\"ps20213 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1681 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:392.25pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3166 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps20211\">N\u00b0 of years<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1680\"><div><div class=\"ps961 ss1679\"><span class=\"f charStyle-bd419927 ps22\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3174 ss291\"><div><div class=\"ps315 ss290\"><span class=\"f charStyle-bd419927 ps11270\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1680\"><div><div class=\"ps961 ss1679\"><span class=\"f charStyle-bd419927 ps22\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20212 ss291\"><div><div class=\"ps315 ss290\"><span class=\"f charStyle-bd419927 ps11268\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20214 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Assumptions</span></div><div class=\"ps20219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:265.68pt\">The following main assumptions were utilised in determining the funded status at </span><span class=\"f charStyle-24b91321 ps20215\" style=\"width:62.8pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20216\" style=\"width:16.5pt\"> and </span><span class=\"f charStyle-24b91321 ps20217\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20218\" style=\"width:114.67pt\">, and the expense of Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:70.08pt\">defined benefit plans </span><span class=\"f charStyle-24b91321 ps7617\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps12994\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20220\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20221\" style=\"width:2.05pt\">:</span></div><div class=\"ps20245 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:152.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1682\"><div><div class=\"ps2313 ss1604\"><span class=\"f charStyle-81df793a ps20223\">Assumptions used to determine funded status <span class=\"f ps13\"> </span></span></div><div class=\"ps2314 ss1604\"><span class=\"f charStyle-81df793a ps20224\">at year-end<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20227 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20229 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20231 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20233 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20235 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.79<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8492 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20236 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">1.52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20237 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">2.70<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20238 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10981 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20239 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20240 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20241 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.19<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20242 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps325 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20243 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">1.75<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20244 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.30<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:152.25pt\"></td></tr><tr style=\"height:21pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1686\"><div><div class=\"ps2180 ss1604\"><span class=\"f charStyle-81df793a ps18901\">Assumptions used to determine expense at <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1604\"><span class=\"f charStyle-81df793a ps7732\">year-end</span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20247 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3766 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20248 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20249 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2386 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20250 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20251 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.33<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2388 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20252 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">1.67<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20253 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.29<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20254 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20255 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20256 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20257 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.08<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20258 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20259 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">2.07<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20260 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.31<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assumed discount rates are used in measurements of pension and other post-employment benefit obligations and net interest on the net defined</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20262 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">benefit liability/asset. Iveco Group selects its assumed discount rates based on the consideration of equivalent yields on high-quality fixed income</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps20263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">investments at the measurement date. The assumed discount rate is used to discount future benefit obligations back to today\u2019s euros. The</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps20264 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">discount rates are based on a benefit cash flow-matching approach and represent the rates at which the benefit obligations could effectively be</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">settled as of the measurement date, 31 December. The benefit cash flow-matching approach involves analysing Iveco Group\u2019s projected cash</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps20266 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">flows against a high-quality bond yield curve, mainly calculated using a wide population of AA-grade corporate bonds subject to minimum</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:213.49pt\">amounts outstanding and meeting other defined selection criteria.</span><span class=\"f charStyle-24b91321 ps15119\" style=\"width:2.05pt\"> </span></div><div class=\"ps20268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group reviews annually the mortality assumptions used in measurements of its pension, healthcare and other post-employment benefit</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:471.66pt\">obligations. Consideration is given to the assumptions used in the latest local funding valuations, and the latest tables applicable in each country.</span></div><div class=\"ps20270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">For major plans in France and Germany, Iveco Group uses the spot yield curve approach to estimate the service cost and net interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20271 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">components by applying the specific spot rates along the yield curve used to determine the benefit obligations to relevant projected cash outflows.</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps20272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For plans in Italy, discount rate is set locally and interest cost is based on first year rate of the Euro Composite AA curve. For all other plans</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:249.17pt\">service cost and interest cost are calculated based on a single discount rate.</span><span class=\"f charStyle-24b91321 ps20273\" style=\"width:2.05pt\"> </span></div><div class=\"ps20277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.18pt\">Assumed discount rates have an effect on the amount recognised in the </span><span class=\"f charStyle-24b91321 ps20275\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps20276\" style=\"width:206.37pt\"> financial statements. A one percentage point change in the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps20278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:392.16pt\">assumed discount rates would have the following effects on defined benefit obligations related to Continuing Operations:</span></div><div class=\"ps10868 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:252pt\"></td><td style=\"padding:0;width:109.5pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:109.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1688\"><div><div class=\"ps8886 ss1687\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8512 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-81df793a ps7754\">One percentage point increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7286 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-81df793a ps20279\">One percentage point decrease<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1688\"><div><div class=\"ps313 ss1687\"><span class=\"f charStyle-bd419927 ps22\">Effect on pension plans defined benefit obligation at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20281 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20280\">(40)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7289 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20282\">49<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"><div class=\"ps819 ss1688\"><div><div class=\"ps313 ss1687\"><span class=\"f charStyle-bd419927 ps22\">Effect on other post-employment defined benefit obligation at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"><div class=\"ps20283 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20280\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"><div class=\"ps7292 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20282\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20284 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Plan assets</span></div><div class=\"ps20285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The investment strategy for the plan assets depends on the features of the plan and on the maturity of the obligations. Typically, less mature plan</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps20286 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">benefit obligations are funded by using more equity securities as they are expected to achieve long-term growth exceeding the rate of inflation.</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20287 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">More mature plan benefit obligations are funded using more fixed income securities as they are expected to produce current income with limited</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">volatility. Risk management practices include the use of multiple asset classes and investment managers within each asset class for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">diversification purposes. Specific guidelines for each asset class and investment manager are implemented and monitored. Plan assets do not</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20290 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:277.42pt\">include treasury shares of the Company or properties occupied by Group companies.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:111.62pt\">The fair value of plan assets at </span><span class=\"f charStyle-24b91321 ps20291\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20292\" style=\"width:19.02pt\"> and </span><span class=\"f charStyle-24b91321 ps20293\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20294\" style=\"width:263.7pt\"> may be disaggregated by asset class and level as follows. Fair value levels</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">presented below are described in the \u201cAccounting policies \u2013 Fair value measurement\u201d section of these Notes.</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps20369 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"14\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-db2d9ea7 ps20295\">Fair value of plan assets</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18894 ss1691\"><div><div class=\"ps961 ss68\"><span class=\"f charStyle-81df793a ps20296\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4720 ss1693\"><div><div class=\"ps961 ss1692\"><span class=\"f charStyle-81df793a ps20297\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss765\"><div><div class=\"ps8886 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20299 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20300 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17360 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18342 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps11018\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20302 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps20301\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20303 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps15632\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Equity securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20304 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20305 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20306 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17362 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18346 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">47<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20307 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17531 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20308 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Government bonds<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20309 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">99<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20310 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20311 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">45<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20312 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18348 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">84<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19142 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">53<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20313 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">31<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20314 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Corporate bonds<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20315 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20316 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20317 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20318 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20319 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19145 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20320 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20321 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Other bonds<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20322 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps3005\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20323 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20324 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20325 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20326 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19148 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20327 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20328 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Insurance contracts<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20329 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps3005\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20330 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20331 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20332 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20333 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19151 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20334 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20335 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19890\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-3769e72f ps22\">Other types of investments </span><span class=\"f charStyle-a5ada9bf ps20336\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20337 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20338 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20339 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">45<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20340 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20341 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20342 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20343 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20344 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19890\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Cash<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20345 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20346 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20347 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20348 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20349 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20350 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20351 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20352 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Real Estate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20353 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20354 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20355 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20356 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20357 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">53<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20358 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20359 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">53<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20360 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20361 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">315<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20362 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">124<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20363 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">182<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20364 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20365 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20366 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20367 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20368 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">18<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:138.62pt\">(1) This category includes primarily commingled funds.</span></div><div class=\"ps20371 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Contribution</span></div><div class=\"ps20376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:113.06pt\">Iveco Group expects to contribute </span><span class=\"f charStyle-24b91321 ps20372\" style=\"width:79.34pt\">approximately \u20ac6 million</span><span class=\"f charStyle-24b91321 ps20373\" style=\"width:175.09pt\"> to pension plans related to Continuing Operations in </span><span class=\"f charStyle-24b91321 ps20374\" style=\"width:16.4pt\">2026</span><span class=\"f charStyle-24b91321 ps20375\" style=\"width:92.16pt\">. The benefit expected to be</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.74pt\">paid from the benefit plans for Continuing Operations, which reflect expected future years of service, are as follows:</span><span class=\"f charStyle-24b91321 ps20377\" style=\"width:2.05pt\"> </span></div><div class=\"ps20425 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:185.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"13\" style=\"border-bottom:1pt solid #999999;padding:0\"><div class=\"ps20380 ss1695\"><div><div class=\"ps961 ss1694\"><span class=\"f charStyle-81df793a ps20379\">Expected benefit payments<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps312 ss1696\"><div><div class=\"ps20381 ss553\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20383 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2026<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps14884 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2027<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20384 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2028<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20385 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2029<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps17420 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2030<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps16844 ss1698\"><div><div class=\"ps20387 ss722\"><span class=\"f charStyle-e1f0fc81 ps20386\">2031 to </span></div><div class=\"ps2314 ss722\"><span class=\"f charStyle-e1f0fc81 ps13710\">2034</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20388 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps15639\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps48 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps22\">Post-employment benefits:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps973 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps16700\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20390 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps14895 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20391 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">24<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20392 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20393 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20394 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11563\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20396 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">233<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps319 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps16700\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20397 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20398 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20399 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20400 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20401 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20402 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11580\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20403 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">133<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps320 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps22\">Total Post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20404 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20405 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20406 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20407 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20408 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20409 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11563\">179<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20410 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">366<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps1004 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20411 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20412 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20413 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20414 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20415 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20416 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11580\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20417 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">53<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps1011 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20418 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20419 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">41<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20420 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">41<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20421 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">44<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20422 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">48<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20423 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-81df793a ps11563\">205<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20424 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">419<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.38pt\">Potential outflows in the years after </span><span class=\"f charStyle-24b91321 ps20427\" style=\"width:16.4pt\">2026</span><span class=\"f charStyle-24b91321 ps20428\" style=\"width:330.19pt\"> are subject to a number of uncertainties, including future asset performance and changes in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.44pt\">assumptions.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-635": {
   "value": "<div class=\"ps19816 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">22. Provisions for employee benefits</span></div><div class=\"ps2717 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Iveco Group provides pension, healthcare, and insurance plans and other post-employment benefits to their employees and retirees, either</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19818 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:23.34pt\">directly</span><span class=\"f charStyle-24b91321 ps19817\" style=\"width:452.68pt\"> or by contributing to independently administered funds. The way these benefits are provided varies according to the legal, fiscal and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps19819 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">economic conditions of each country in which the Group operates, the benefits generally being based on the employees\u2019 remuneration and years</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps13191 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:365.95pt\">of service. Iveco Group provides post-employment benefits under defined contribution and defined benefit plans.<span class=\"f ps13\"> </span></span></div><div class=\"ps19820 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">In the case of defined contribution plans, Iveco Group makes contributions to publicly or privately administered pension insurance plans on a</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps6845 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">mandatory, contractual, or voluntary basis. Once the contributions have been made, Iveco Group has no further payment obligations. Iveco Group</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps19821 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">recognises the contribution cost when the employees have rendered their service and includes this cost by function in Cost of sales, Selling,</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps12081 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:281.48pt\">general and administrative costs and Research and development costs. During the </span><span class=\"f charStyle-24b91321 ps19822\" style=\"width:108.89pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19823\" style=\"width:18.18pt\"> and </span><span class=\"f charStyle-24b91321 ps19824\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19825\" style=\"width:51.15pt\">, Iveco Group's<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6975 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Continuing Operations recorded expenses of approximately \u20ac335 million and \u20ac328 million, respectively, for its defined contribution plans, inclusive</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps6976 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:100.38pt\">of social security contributions.</span></div><div class=\"ps8656 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Defined benefit plans may be unfunded, or they may be wholly or partly funded by contributions made by an entity, and sometimes by its</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps6978 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">employees, into an entity, or fund, that is legally separate from the employer from which the employee benefits are paid. Benefits are generally</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps19826 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">payable under these plans after the completion of employment. Defined benefit plans are classified by Iveco Group on the basis of the type of</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3506 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:234pt\">benefit provided as Pension plans and Other post-employment benefits.</span></div><div class=\"ps4390 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Pension plans</span></div><div class=\"ps19827 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:401.93pt\">Pension obligations primarily comprise the obligations of Iveco Group\u2019s pension plans in the UK, Germany and Switzerland.</span></div><div class=\"ps4392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Under these plans, contributions are made to a separate fund (trust) that independently administers the plan assets. Iveco Group\u2019s funding policy</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps3510 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">is to contribute amounts to the plan equal to the amounts required to meet the minimum funding requirements pursuant to the laws of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3511 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">applicable jurisdictions. Iveco Group may also choose to make discretionary contributions in addition to the funding requirements. To the extent</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps3512 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">that a fund is overfunded, the Group is not required to make further contribution to the plan in respect of minimum performance requirements so</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps3513 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:331.91pt\">long as the fund is in surplus. The significant pension plans that we are required to fund are in the UK.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other post-employment benefits</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Other post-employment benefits consist of obligations for Italian Employee Leaving Entitlements up to 31 December 2006 (after that date the</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">scheme became a defined contribution plan for Italian companies with more than 50 employees), loyalty bonus in Italy and various other similar</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">plans in France, Germany, and Belgium. Loyalty bonus is accrued for employees who have reached pre-defined service seniority and are</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">generally settled when employees leave the company. These plans are not required to be funded and, therefore, have no plan assets. Other post-</span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:427.39pt\">employment benefits also include plan obligations for healthcare and insurance plans granted to Iveco Group employees in France.</span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:116.78pt\">Provisions for employee benefits at </span><span class=\"f charStyle-24b91321 ps11341\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19828\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps9445\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19829\" style=\"width:49.16pt\"> are as follows:</span></div><div class=\"ps19843 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:309.75pt\"></td><td style=\"padding:0;width:79.5pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1656\"><div><div class=\"ps8886 ss1655\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps14879 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps18577\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Post-employment benefits:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps8271\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19830 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">123<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps8271\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19831 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">152<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">169<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Total Post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19832 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps18578\">260<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">292<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2338 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Other provisions for employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19834 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps19833\">89<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19835 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2340 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19836 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps19833\">48<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19837 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2342 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-81df793a ps22\">Total Provision for employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19838 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps18578\">397<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps15415 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15404\">466<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3839 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-bd419927 ps22\">Defined benefit plan assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19839 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-bd419927 ps19833\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19840 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1641 ss1656\"><div><div class=\"ps961 ss1655\"><span class=\"f charStyle-81df793a ps22\">Total Defined benefit plan assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19841 ss398\"><div><div class=\"ps961 ss397\"><span class=\"f charStyle-81df793a ps19833\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19842 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15395\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">The item Other provisions for employees consists of the best estimate at the balance sheet date of short-term employee benefits payable by the</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:343.36pt\">Group within twelve months from the end of the period in which the employees render the related service.</span></div><div class=\"ps5601 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The item Other long-term employee benefits consists of the Group\u2019s obligation for those benefits generally payable during employment on</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps5565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">reaching a pre-defined level of seniority in the company or when a specified event occurs, and reflects the probability of payment and the length of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5566 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:109.77pt\">time over which this will be made.</span></div><div class=\"ps5605 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:328.61pt\"> changes in Other provisions for employees and in Other long-term employee benefits are as follows:</span></div><div class=\"ps19872 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:111.75pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:45.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1657\"><div><div class=\"ps18847 ss1313\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19844 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7997 ss1236\"><div><div class=\"ps2250 ss722\"><span class=\"f charStyle-81df793a ps19845\">Provision<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8138 ss1284\"><div><div class=\"ps2250 ss1188\"><span class=\"f charStyle-81df793a ps19846\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19850 ss943\"><div><div class=\"ps2248 ss513\"><span class=\"f charStyle-81df793a ps19847\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss513\"><span class=\"f charStyle-81df793a ps19848\">liabilities </span></div><div class=\"ps2250 ss513\"><span class=\"f charStyle-81df793a ps19849\">held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1659\"><div><div class=\"ps2248 ss669\"><span class=\"f charStyle-81df793a ps17437\">Change in the scope <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss669\"><span class=\"f charStyle-81df793a ps13962\">of consolidation and </span></div><div class=\"ps2250 ss669\"><span class=\"f charStyle-81df793a ps11541\">other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1660\"><div><div class=\"ps961 ss1313\"><span class=\"f charStyle-bd419927 ps22\">Other provisions for employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19851 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19852 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11580\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19853 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18949\">(92)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19854 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17243\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19856 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19855\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19858 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1660\"><div><div class=\"ps961 ss1313\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19859 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">55<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19860 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-bd419927 ps11570\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19861 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps19008\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19862 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-bd419927 ps17268\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19864 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19863\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19865 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">48<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps765 ss1660\"><div><div class=\"ps961 ss1313\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19866 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">174<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19867 ss763\"><div><div class=\"ps961 ss722\"><span class=\"f charStyle-81df793a ps11580\">60<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19868 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18949\">(99)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19869 ss523\"><div><div class=\"ps961 ss513\"><span class=\"f charStyle-81df793a ps17243\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19870 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-81df793a ps19855\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19871 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">137<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19901 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:114.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:44.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:37.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:45pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1661\"><div><div class=\"ps18221 ss488\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19875 ss1662\"><div><div class=\"ps2223 ss1473\"><span class=\"f charStyle-81df793a ps19874\">At 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8238 ss1121\"><div><div class=\"ps2223 ss511\"><span class=\"f charStyle-81df793a ps19876\">Provision<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19877 ss1663\"><div><div class=\"ps2223 ss506\"><span class=\"f charStyle-81df793a ps13901\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19880 ss1665\"><div><div class=\"ps2180 ss1664\"><span class=\"f charStyle-db2d9ea7 ps17930\">Transfer </span></div><div class=\"ps1327 ss1664\"><span class=\"f charStyle-db2d9ea7 ps19878\">to <span class=\"f ps13\"> </span></span></div><div class=\"ps2181 ss1664\"><span class=\"f charStyle-db2d9ea7 ps18222\">liabilities <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss1664\"><span class=\"f charStyle-db2d9ea7 ps19879\">held for </span></div><div class=\"ps2223 ss1664\"><span class=\"f charStyle-db2d9ea7 ps13612\">sale</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1666\"><div><div class=\"ps2181 ss669\"><span class=\"f charStyle-81df793a ps17437\">Change in the scope <span class=\"f ps13\"> </span></span></div><div class=\"ps2222 ss669\"><span class=\"f charStyle-81df793a ps13962\">of consolidation and </span></div><div class=\"ps2223 ss669\"><span class=\"f charStyle-81df793a ps11541\">other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1667\"><div><div class=\"ps2223 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1087 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps22\">Other provisions for employees<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19881 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">150<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19883 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19882\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19884 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927 ps9117\">(142)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19886 ss1668\"><div><div class=\"ps961 ss1664\"><span class=\"f charStyle-bd419927 ps19885\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1095 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19887\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19888 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">119<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1098 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19889 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">60<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19891 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19890\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19892 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-bd419927 ps9311\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19893 ss1668\"><div><div class=\"ps961 ss1664\"><span class=\"f charStyle-bd419927 ps19885\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1104 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19887\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19894 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1107 ss489\"><div><div class=\"ps961 ss488\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19895 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-81df793a ps18370\">210<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19896 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps19882\">120<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19897 ss520\"><div><div class=\"ps961 ss506\"><span class=\"f charStyle-81df793a ps9117\">(148)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19899 ss1668\"><div><div class=\"ps961 ss1664\"><span class=\"f charStyle-81df793a ps19898\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1113 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-81df793a ps19887\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19900 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">174<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps19903 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:12.7pt\">The</span><span class=\"f charStyle-24b91321 ps19902\" style=\"width:463.36pt\"> amounts recognised in the consolidated income statement for pension plans and other post-employment benefits in the years ended</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps15882 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:2.05pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps11760\" style=\"width:36.05pt\">December </span><span class=\"f charStyle-24b91321 ps16818\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:2.05pt\"> </span><span class=\"f charStyle-24b91321 ps19904\" style=\"width:47.11pt\">are as follows:</span></div></div><div><div class=\"ps772 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:205.5pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:65.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps5376 ss521\"><div><div class=\"ps961 ss508\"><span class=\"f charStyle-db2d9ea7 ps19905\">Pension plans</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps7755 ss521\"><div><div class=\"ps961 ss508\"><span class=\"f charStyle-db2d9ea7 ps19906\">Other post-employment benefits</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps312 ss385\"><div><div class=\"ps8886 ss384\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5099 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19907 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19908 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16896 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-81df793a ps17174\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps819 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Current service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5380 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19909 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19910 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16897 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5382 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19911 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17184\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19912 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16898 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Interest income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5384 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19913 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19914 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16899 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-3769e72f ps22\">Past service cost</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps5386 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19915 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17178\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19916 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16900 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss385\"><div><div class=\"ps315 ss384\"><span class=\"f charStyle-bd419927 ps22\">Items related to Discontinued Operations<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19917 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19918 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps18201\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19919 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19920 ss1331\"><div><div class=\"ps961 ss1330\"><span class=\"f charStyle-bd419927 ps17186\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1669\"><div><div class=\"ps2039 ss384\"><span class=\"f charStyle-81df793a ps22\">Component of defined benefit cost recognised in the <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss384\"><span class=\"f charStyle-81df793a ps22\">Consolidated Income Statement</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19921 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19922 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19923 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19924 ss1394\"><div><div class=\"ps1327 ss1330\"><span class=\"f charStyle-81df793a ps18201\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:325pt\">The amounts recognised in the consolidated statement of financial position for pension plans at </span><span class=\"f charStyle-24b91321 ps19926\" style=\"width:64.52pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps19927\" style=\"width:18.22pt\"> and </span><span class=\"f charStyle-24b91321 ps19928\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps19929\" style=\"width:51.89pt\"> are as follows:</span></div><div class=\"ps856 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:183pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33pt\"></td><td style=\"padding:0;width:3.75pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:33.75pt\"></td></tr><tr style=\"height:23.25pt\"><td style=\"padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19932 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps19930\">Defined benefit <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19931\">obligation</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19934 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps13641\">Fair value of plan <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19933\">assets</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19936 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps11596\">Effect of asset <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19935\">ceiling</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss1671\"><div><div class=\"ps13102 ss1670\"><span class=\"f charStyle-81df793a ps19937\">Net defined benefit <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss1670\"><span class=\"f charStyle-81df793a ps19938\">balance</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps13819 ss1526\"><div><div class=\"ps8886 ss1525\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19941 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19942 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19943 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19944 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19946 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a ps19945\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19947 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19948 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19949 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps19940\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13971 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Balance at the beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19950 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">389<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19951 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">421<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19952 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19953 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">296<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19955 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19957 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.91pt\"></span></span><span class=\"ps19956\">31<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19958 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19959 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">156<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13915 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Current service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19960 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19961 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19962 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19963 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19964 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19966 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19967 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19968 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13919 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19969 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19970 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19971 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19972 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19973 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19974 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19975 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19976 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Interest income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19977 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19978 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19979 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19980 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19981 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19982 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19983 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19984 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Past service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19985 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19986 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19987 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19988 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19989 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19990 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19991 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19992 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss1672\"><div><div class=\"ps2039 ss1525\"><span class=\"f charStyle-81df793a ps22\">Component of defined benefit cost recognised in the <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1525\"><span class=\"f charStyle-81df793a ps22\">Consolidated Income Statement</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19993 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9144\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19994 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9144\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19995 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19996 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19997 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19998 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19999 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20000 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">7<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8203 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Return on plan assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20001 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20002 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20003 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9144\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20004 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20005 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20006 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20008 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.73pt\"></span></span><span class=\"ps20007\">(20)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20010 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:22.37pt\"></span></span><span class=\"ps20009\">(2)</span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11591 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">Remeasurements:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11601 ss1673\"><div><div class=\"ps9321 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">Actuarial losses/(gains) from changes in financial <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">assumptions</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20011 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20012 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20013 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20014 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20015 ss1674\"><div><div class=\"ps9141 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20016 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20017 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20018 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7406 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps6169\">Other remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20019 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20020 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20021 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20022 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20023 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20024 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20025 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20026 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7412 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Total remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20027 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20028 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20029 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20030 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20031 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20032 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20033 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20034 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps152 ss1673\"><div><div class=\"ps9321 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Changes in the effect of limiting a net defined benefit asset to <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss1525\"><span class=\"f charStyle-bd419927 ps22\">the asset ceiling</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20035 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20036 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20037 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20038 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20039 ss1674\"><div><div class=\"ps9141 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20040 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.73pt\"></span></span><span class=\"ps20007\">(31)</span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20041 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20042 ss615\"><div><div class=\"ps9141 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2486 ss1672\"><div><div class=\"ps2039 ss1525\"><span class=\"f charStyle-81df793a ps22\">Components recognised in the Consolidated Statement <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1525\"><span class=\"f charStyle-81df793a ps22\">of Comprehensive Income</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20043 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20044 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20045 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9144\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20046 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20047 ss1392\"><div><div class=\"ps1327 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20048 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:18.73pt\"></span></span><span class=\"ps20007\">(31)</span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20049 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9259\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20050 ss601\"><div><div class=\"ps1327 ss125\"><span class=\"f charStyle-81df793a ps9259\">(38)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13089 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Contribution by employer<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20051 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20052 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20053 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20054 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20055 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20056 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20057 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20058 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20059 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Contribution by plan participants<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20060 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20061 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20062 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20063 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20064 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20065 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20066 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20067 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20068 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Benefits paid<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20069 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20070 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(25)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20071 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20072 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(16)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20073 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20074 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20075 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20076 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14853 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Exchange rate differences<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20077 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20078 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20079 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20080 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20081 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20082 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20083 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20084 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9636 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Transfer to liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20085 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20086 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20087 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20088 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20089 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20090 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20091 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps11596\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20092 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8820 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Other <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20093 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20094 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20095 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20096 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20097 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20098 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20099 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20100 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9641 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Balance at end of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20101 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">371<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20102 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">389<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20103 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">315<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20104 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20105 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20106 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20107 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20108 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">87<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps9645 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Thereof:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9649 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">UK<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20109 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">116<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20110 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">125<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20111 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20112 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">121<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10516 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20113 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20114 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20115 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9310 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20116 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20117 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">117<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20118 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20119 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9157\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20120 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927 ps17681\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20121 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20122 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20123 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">117<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20124 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20125 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">137<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20126 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">134<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20127 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">188<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20128 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9115\">170<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20129 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20130 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20131 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(51)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20132 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9259\">(36)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2498 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Other countries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20133 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20134 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20135 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20136 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9144\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20137 ss1402\"><div><div class=\"ps315 ss129\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20138 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20139 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20140 ss608\"><div><div class=\"ps315 ss125\"><span class=\"f charStyle-bd419927 ps9195\">2<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20141 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20142 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">371<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20143 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">389<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20144 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">315<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20145 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20146 ss1402\"><div><div class=\"ps961 ss129\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:20.89pt\"></span></span><span class=\"ps19954\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20147 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a\"><span class=\"ps22\"><span style=\"display:inline-block;height:5.82pt;width:21.64pt\"></span></span><span class=\"ps19965\">\u2014<span style=\"display:inline-block;height:5.82pt;width:2.18pt\"></span></span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20148 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">56<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20149 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">87<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:9.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9663 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-bd419927 ps22\">Thereof:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps9666 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Net defined benefit liability<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20150 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20151 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9115\">123<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20152 ss1526\"><div><div class=\"ps315 ss1525\"><span class=\"f charStyle-81df793a ps22\">Net defined benefit asset<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20153 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20154 ss608\"><div><div class=\"ps961 ss125\"><span class=\"f charStyle-81df793a ps9144\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20158 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:119.23pt\">Other post-employment benefits at </span><span class=\"f charStyle-24b91321 ps20156\" style=\"width:64.74pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps17038\" style=\"width:18.44pt\"> and </span><span class=\"f charStyle-24b91321 ps20157\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps8652\" style=\"width:257.11pt\"> do not have plan assets; therefore, the net liability at the end of each year</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps20159 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:242.21pt\">considered corresponds to the defined benefit obligation at the same date.</span></div><div class=\"ps20164 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:328.23pt\">The amounts recognised in the statement of financial position for Other post-employment benefits at </span><span class=\"f charStyle-24b91321 ps20160\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20161\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20162\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20163\" style=\"width:49.16pt\"> are as follows:</span></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps20209\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:315.75pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:11.25pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#FFFFFF;padding:0\"></td><td colspan=\"3\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20166 ss1676\"><div><div class=\"ps961 ss1675\"><span class=\"f charStyle-81df793a ps20165\">Defined benefit obligation<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1678\"><div><div class=\"ps8886 ss1677\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20167 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9678\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16408 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9678\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Balance at the beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20168 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">169<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16411 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">178<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2335 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Current service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20170 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20171 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1607 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Interest expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20172 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20173 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">5<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2338 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Past service cost<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20174 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20175 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2340 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Component of defined benefit cost recognised in the Consolidated Income Statement<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20176 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20169\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20177 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20169\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2344 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Remeasurements:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2346 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps6169\">Actuarial losses/(gains) from changes in demographic assumptions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20178 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps16427\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20180 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2348 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps6169\">Actuarial losses/(gains) from changes in financial assumptions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20182 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20181\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20183 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps6169\">Other remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20184 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20185 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2352 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Total remeasurements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20186 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20187 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7406 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Components recognised in the Consolidated Statement of Comprehensive Income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20188 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20179\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20189 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps20179\">(5)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps152 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Benefits paid<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20190 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20181\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20191 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20181\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2192 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Transfer to Liabilities held for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20192 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20193 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20179\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7428 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20194 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20195 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7434 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Balance at end of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20196 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">152<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20197 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">169<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps7441 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Thereof:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20198 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20199 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">96<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20200 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">111<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20201 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20202 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20203 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1739 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-bd419927 ps22\">Other countries<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20204 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20205 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps20169\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20206 ss1678\"><div><div class=\"ps315 ss1677\"><span class=\"f charStyle-81df793a ps22\">Net defined benefit liability<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20207 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">152<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20208 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9710\">169<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps725 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.41pt\">The weighted average durations of post-employment benefits obligations are as follows:</span></div><div class=\"ps20213 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1681 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:392.25pt\"></td><td style=\"padding:0;width:84.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3166 ss291\"><div><div class=\"ps961 ss290\"><span class=\"f charStyle-81df793a ps20211\">N\u00b0 of years<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1680\"><div><div class=\"ps961 ss1679\"><span class=\"f charStyle-bd419927 ps22\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3174 ss291\"><div><div class=\"ps315 ss290\"><span class=\"f charStyle-bd419927 ps11270\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1680\"><div><div class=\"ps961 ss1679\"><span class=\"f charStyle-bd419927 ps22\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20212 ss291\"><div><div class=\"ps315 ss290\"><span class=\"f charStyle-bd419927 ps11268\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20214 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Assumptions</span></div><div class=\"ps20219 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:265.68pt\">The following main assumptions were utilised in determining the funded status at </span><span class=\"f charStyle-24b91321 ps20215\" style=\"width:62.8pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20216\" style=\"width:16.5pt\"> and </span><span class=\"f charStyle-24b91321 ps20217\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20218\" style=\"width:114.67pt\">, and the expense of Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20222 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:70.08pt\">defined benefit plans </span><span class=\"f charStyle-24b91321 ps7617\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps12994\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20220\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20221\" style=\"width:2.05pt\">:</span></div><div class=\"ps20245 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:152.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1682\"><div><div class=\"ps2313 ss1604\"><span class=\"f charStyle-81df793a ps20223\">Assumptions used to determine funded status <span class=\"f ps13\"> </span></span></div><div class=\"ps2314 ss1604\"><span class=\"f charStyle-81df793a ps20224\">at year-end<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20227 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20229 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20231 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20233 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20235 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.79<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8492 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20236 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">1.52<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20237 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">2.70<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20238 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10981 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20239 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20240 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps92 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20241 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.19<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20242 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps325 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20243 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">1.75<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20244 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.30<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:260.25pt\"></td><td style=\"padding:0;width:60pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:152.25pt\"></td></tr><tr style=\"height:21pt\"><td style=\"padding:0\"></td><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9943 ss1686\"><div><div class=\"ps2180 ss1604\"><span class=\"f charStyle-81df793a ps18901\">Assumptions used to determine expense at <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss1604\"><span class=\"f charStyle-81df793a ps7732\">year-end</span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20247 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3766 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20248 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20249 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2386 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20250 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20251 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.33<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2388 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20252 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">1.67<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20253 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.29<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:18pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20254 ss1683\"><div><div class=\"ps20226 ss1604\"><span class=\"f charStyle-81df793a ps20225\">At 31 December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1685\"><div><div class=\"ps14309 ss1684\"><span class=\"f charStyle-b52ff267 ps22\">(in %)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20255 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-81df793a ps20228\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20256 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-81df793a ps20230\">Other post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average discount rates <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20257 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">3.08<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20258 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1685\"><div><div class=\"ps961 ss1684\"><span class=\"f charStyle-bd419927 ps22\">Weighted-average rate of compensation increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20259 ss1464\"><div><div class=\"ps961 ss976\"><span class=\"f charStyle-bd419927 ps20232\">2.07<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20260 ss1605\"><div><div class=\"ps961 ss1604\"><span class=\"f charStyle-bd419927 ps20234\">3.31<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20261 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">Assumed discount rates are used in measurements of pension and other post-employment benefit obligations and net interest on the net defined</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20262 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">benefit liability/asset. Iveco Group selects its assumed discount rates based on the consideration of equivalent yields on high-quality fixed income</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps20263 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">investments at the measurement date. The assumed discount rate is used to discount future benefit obligations back to today\u2019s euros. The</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps20264 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">discount rates are based on a benefit cash flow-matching approach and represent the rates at which the benefit obligations could effectively be</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">settled as of the measurement date, 31 December. The benefit cash flow-matching approach involves analysing Iveco Group\u2019s projected cash</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps20266 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">flows against a high-quality bond yield curve, mainly calculated using a wide population of AA-grade corporate bonds subject to minimum</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:213.49pt\">amounts outstanding and meeting other defined selection criteria.</span><span class=\"f charStyle-24b91321 ps15119\" style=\"width:2.05pt\"> </span></div><div class=\"ps20268 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Iveco Group reviews annually the mortality assumptions used in measurements of its pension, healthcare and other post-employment benefit</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:471.66pt\">obligations. Consideration is given to the assumptions used in the latest local funding valuations, and the latest tables applicable in each country.</span></div><div class=\"ps20270 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">For major plans in France and Germany, Iveco Group uses the spot yield curve approach to estimate the service cost and net interest</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20271 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">components by applying the specific spot rates along the yield curve used to determine the benefit obligations to relevant projected cash outflows.</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps20272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">For plans in Italy, discount rate is set locally and interest cost is based on first year rate of the Euro Composite AA curve. For all other plans</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:249.17pt\">service cost and interest cost are calculated based on a single discount rate.</span><span class=\"f charStyle-24b91321 ps20273\" style=\"width:2.05pt\"> </span></div><div class=\"ps20277 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:253.18pt\">Assumed discount rates have an effect on the amount recognised in the </span><span class=\"f charStyle-24b91321 ps20275\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps20276\" style=\"width:206.37pt\"> financial statements. A one percentage point change in the</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps20278 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:392.16pt\">assumed discount rates would have the following effects on defined benefit obligations related to Continuing Operations:</span></div><div class=\"ps10868 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:252pt\"></td><td style=\"padding:0;width:109.5pt\"></td><td style=\"padding:0;width:4.5pt\"></td><td style=\"padding:0;width:109.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1688\"><div><div class=\"ps8886 ss1687\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8512 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-81df793a ps7754\">One percentage point increase<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7286 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-81df793a ps20279\">One percentage point decrease<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1688\"><div><div class=\"ps313 ss1687\"><span class=\"f charStyle-bd419927 ps22\">Effect on pension plans defined benefit obligation at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20281 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20280\">(40)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7289 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20282\">49<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"><div class=\"ps819 ss1688\"><div><div class=\"ps313 ss1687\"><span class=\"f charStyle-bd419927 ps22\">Effect on other post-employment defined benefit obligation at 31 December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"><div class=\"ps20283 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20280\">(11)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #929292;border-top:1pt solid #929292;padding:0\"><div class=\"ps7292 ss1690\"><div><div class=\"ps961 ss1689\"><span class=\"f charStyle-bd419927 ps20282\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20284 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Plan assets</span></div><div class=\"ps20285 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The investment strategy for the plan assets depends on the features of the plan and on the maturity of the obligations. Typically, less mature plan</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps20286 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">benefit obligations are funded by using more equity securities as they are expected to achieve long-term growth exceeding the rate of inflation.</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20287 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">More mature plan benefit obligations are funded using more fixed income securities as they are expected to produce current income with limited</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">volatility. Risk management practices include the use of multiple asset classes and investment managers within each asset class for</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20289 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">diversification purposes. Specific guidelines for each asset class and investment manager are implemented and monitored. Plan assets do not</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20290 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:277.42pt\">include treasury shares of the Company or properties occupied by Group companies.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:111.62pt\">The fair value of plan assets at </span><span class=\"f charStyle-24b91321 ps20291\" style=\"width:65.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20292\" style=\"width:19.02pt\"> and </span><span class=\"f charStyle-24b91321 ps20293\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20294\" style=\"width:263.7pt\"> may be disaggregated by asset class and level as follows. Fair value levels</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">presented below are described in the \u201cAccounting policies \u2013 Fair value measurement\u201d section of these Notes.</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps20369 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:93pt\"></td><td style=\"padding:0;width:41.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:48pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:42pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"14\" style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps18892 ss1559\"><div><div class=\"ps961 ss1558\"><span class=\"f charStyle-db2d9ea7 ps20295\">Fair value of plan assets</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18894 ss1691\"><div><div class=\"ps961 ss68\"><span class=\"f charStyle-81df793a ps20296\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4720 ss1693\"><div><div class=\"ps961 ss1692\"><span class=\"f charStyle-81df793a ps20297\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss765\"><div><div class=\"ps8886 ss764\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18900 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps10751\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20299 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20300 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17360 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18342 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps11018\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18914 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps20298\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20302 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps20301\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20303 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps15632\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Equity securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20304 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20305 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20306 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17362 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18346 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">47<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20307 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17531 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20308 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Government bonds<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20309 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">99<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20310 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20311 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">45<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20312 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18348 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">84<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19142 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">53<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20313 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">31<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20314 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Corporate bonds<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20315 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps8846\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20316 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20317 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20318 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20319 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19145 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20320 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20321 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Other bonds<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20322 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps3005\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20323 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20324 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20325 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20326 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19148 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20327 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20328 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Insurance contracts<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20329 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps3005\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20330 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20331 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20332 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20333 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19151 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20334 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20335 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19890\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-3769e72f ps22\">Other types of investments </span><span class=\"f charStyle-a5ada9bf ps20336\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20337 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20338 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">20<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20339 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">45<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20340 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20341 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20342 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20343 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20344 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps19890\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Cash<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20345 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20346 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9186\">8<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20347 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20348 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20349 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20350 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20351 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20352 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-bd419927 ps22\">Real Estate<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20353 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-bd419927 ps18788\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20354 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20355 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">66<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20356 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20357 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps9175\">53<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20358 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-bd419927 ps18644\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20359 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">53<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20360 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss765\"><div><div class=\"ps961 ss764\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20361 ss1554\"><div><div class=\"ps961 ss1188\"><span class=\"f charStyle-81df793a ps18928\">315<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20362 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">124<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20363 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">182<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20364 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9186\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20365 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">302<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20366 ss612\"><div><div class=\"ps961 ss605\"><span class=\"f charStyle-81df793a ps9154\">119<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20367 ss1428\"><div><div class=\"ps961 ss1184\"><span class=\"f charStyle-81df793a ps17944\">165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20368 ss522\"><div><div class=\"ps961 ss511\"><span class=\"f charStyle-81df793a ps18988\">18<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20370 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:138.62pt\">(1) This category includes primarily commingled funds.</span></div><div class=\"ps20371 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Contribution</span></div><div class=\"ps20376 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:113.06pt\">Iveco Group expects to contribute </span><span class=\"f charStyle-24b91321 ps20372\" style=\"width:79.34pt\">approximately \u20ac6 million</span><span class=\"f charStyle-24b91321 ps20373\" style=\"width:175.09pt\"> to pension plans related to Continuing Operations in </span><span class=\"f charStyle-24b91321 ps20374\" style=\"width:16.4pt\">2026</span><span class=\"f charStyle-24b91321 ps20375\" style=\"width:92.16pt\">. The benefit expected to be</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20378 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.74pt\">paid from the benefit plans for Continuing Operations, which reflect expected future years of service, are as follows:</span><span class=\"f charStyle-24b91321 ps20377\" style=\"width:2.05pt\"> </span></div><div class=\"ps20425 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:185.25pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:39pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"13\" style=\"border-bottom:1pt solid #999999;padding:0\"><div class=\"ps20380 ss1695\"><div><div class=\"ps961 ss1694\"><span class=\"f charStyle-81df793a ps20379\">Expected benefit payments<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21.75pt\"><td style=\"background-color:#ffffff;border-bottom:1pt solid #acacac;padding:0\"><div class=\"ps312 ss1696\"><div><div class=\"ps20381 ss553\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20383 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2026<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps14884 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2027<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20384 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2028<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20385 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2029<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps17420 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps20382\">2030<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps16844 ss1698\"><div><div class=\"ps20387 ss722\"><span class=\"f charStyle-e1f0fc81 ps20386\">2031 to </span></div><div class=\"ps2314 ss722\"><span class=\"f charStyle-e1f0fc81 ps13710\">2034</span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #999999;padding:0\"><div class=\"ps20388 ss1697\"><div><div class=\"ps2314 ss720\"><span class=\"f charStyle-e1f0fc81 ps15639\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps48 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps22\">Post-employment benefits:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps973 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps16700\">Pension plans<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20390 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps14895 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20391 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">24<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20392 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20393 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">25<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20394 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11563\">108<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20396 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">233<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps319 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps16700\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20397 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20398 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20399 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">11<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20400 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20401 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">17<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20402 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11580\">71<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20403 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">133<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps320 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps22\">Total Post-employment benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20404 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20405 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">36<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20406 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20407 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20408 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps20389\">42<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20409 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11563\">179<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20410 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">366<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps1004 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-bd419927 ps22\">Other long-term employee benefits<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20411 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20412 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20413 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20414 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20415 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-bd419927 ps15928\">6<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20416 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-bd419927 ps11580\">26<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #acacac;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20417 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">53<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps1011 ss1579\"><div><div class=\"ps313 ss553\"><span class=\"f charStyle-81df793a ps22\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20418 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">40<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20419 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">41<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20420 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">41<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20421 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">44<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20422 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20389\">48<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20423 ss763\"><div><div class=\"ps313 ss722\"><span class=\"f charStyle-81df793a ps11563\">205<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"></td><td style=\"border-bottom:1pt solid #0094ff;border-top:1pt solid #acacac;padding:0\"><div class=\"ps20424 ss1348\"><div><div class=\"ps313 ss720\"><span class=\"f charStyle-81df793a ps20395\">419<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.38pt\">Potential outflows in the years after </span><span class=\"f charStyle-24b91321 ps20427\" style=\"width:16.4pt\">2026</span><span class=\"f charStyle-24b91321 ps20428\" style=\"width:330.19pt\"> are subject to a number of uncertainties, including future asset performance and changes in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20430 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:43.44pt\">assumptions.</span></div><div class=\"ps20431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">23. Other provisions</span></div><div class=\"ps20432 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.17pt\">Changes in Other provisions are as follows:</span></div><div class=\"ps20477 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:87pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1699\"><div><div class=\"ps18847 ss807\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20433 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7751 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20434\">Charge<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20435\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps20437\">Release to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20438\">income and <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20439\">other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11906 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps10997\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20440\">liabilities held for </span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20441\">sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Obligations from sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20442 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1,072<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20443 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">163<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20444 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(121)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20446 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(62)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20447 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(78)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19858 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">974<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Warranty and product <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">related<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20448 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">618<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20449 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17433\">736<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20450 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(518)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(346)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20451 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(44)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19865 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">446<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Legal proceedings and <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">other disputes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20452 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">112<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20453 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps9747\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20455 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps20454\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20456 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19556 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20457 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps19857\">78<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Restructuring<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20458 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20459 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20460 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20461 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20462 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20463 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Other risks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20464 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">232<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20466 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20465\">19<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20467 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20454\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20468 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(161)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20469 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20470 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">74<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-81df793a ps22\">Total Other provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20471 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">2,049<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20472 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17433\">922<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20473 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17444\">(653)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20474 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps17435\">(584)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20475 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps17435\">(150)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20476 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">1,584<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:87pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1699\"><div><div class=\"ps18847 ss807\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20433 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7751 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20434\">Charge<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20435\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps20437\">Release to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20438\">income and <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20439\">other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11906 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps10997\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20440\">liabilities held for </span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20441\">sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Obligations from sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20442 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">910<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20443 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">490<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20444 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(297)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20446 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20447 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19858 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1,072<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Warranty and product <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">related<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20448 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">566<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20449 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17433\">729<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20450 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(505)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(164)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20451 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19865 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">618<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Legal proceedings and <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">other disputes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20452 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20453 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps20465\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20455 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17461\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20456 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19556 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20457 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Restructuring<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20458 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">24<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20459 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps9747\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20460 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20454\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20461 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20462 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20463 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">15<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Other risks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20464 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">221<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20466 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20465\">86<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20467 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17461\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20468 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20479\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20469 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20470 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">232<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-81df793a ps22\">Total Other provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20471 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">1,836<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20472 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps20480\">1,346<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20473 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17444\">(916)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20474 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps17435\">(199)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20475 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps20445\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20476 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">2,049<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20481 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Obligations from sales relates to discounts, bonuses and similar allowances for which there is a legal or constructive obligation attributable to</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps20482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">sales revenue as well as any risks arising in connection with the sale of products and services. This provision is estimated based on information</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:93.83pt\">available for the sales made.</span></div><div class=\"ps20484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">The warranty and product related provision represents management\u2019s best estimate of commitments given by the Group for contractual, legal or</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">constructive obligations arising from product warranties given for a specified period of time which begins at the date of delivery to the customer.</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps20486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">This estimate has been calculated considering past experience and specific contractual terms. This provision also includes management\u2019s best</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">estimate of the costs that are expected to be incurred in connection with product defects that could result in a larger recall of vehicles. This<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:366.76pt\">provision for risks is developed through an assessment of reported damages or returns on a case-by-case basis.</span><span class=\"f charStyle-24b91321 ps20488\" style=\"width:2.05pt\"> </span></div><div class=\"ps20490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Legal proceedings and other disputes represent management\u2019s best estimate of the liability to be recognised by the Group with regard to legal</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">proceedings arising in the ordinary course of business with dealers, customers, suppliers, or regulators (such as contractual, patent, or antitrust</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">disputes), legal proceedings involving claims with active and former employees and disputes related to indirect taxes. Each Group company</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps20493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">recognises a provision for legal proceedings when it is deemed probable that the proceedings will result in an outflow of resources. In determining</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">the best estimate of the probable liability, each Group company assesses its legal proceedings on a case-by-case basis to estimate the probable</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20495 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">losses that typically arise from events of the type giving rise to the liability. The estimate takes into account, as applicable, the views of legal<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">counsel and other experts, the experience of the company and others in similar situations and the company\u2019s intentions with regard to further</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:86.06pt\">action in each proceeding.</span></div><div class=\"ps20498 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">Restructuring provision represents management\u2019s best estimate of costs primarily associated to certain fundamental organisational changes.</span></div><div class=\"ps20499 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">Other risks include other provisions of smaller amounts for miscellaneous risks and charges in connection with risks which cannot be specifically </span></div><div class=\"ps20500 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">attributed to the other categories.</span></div><div class=\"ps20501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.69pt\">Iveco Group\u2019s consolidated provisions combine the individual provisions established by each of the Group\u2019s companies.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-637": {
   "value": "<div class=\"ps20431 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">23. Other provisions</span></div><div class=\"ps20432 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:142.17pt\">Changes in Other provisions are as follows:</span></div><div class=\"ps20477 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:87pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1699\"><div><div class=\"ps18847 ss807\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20433 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7751 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20434\">Charge<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20435\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps20437\">Release to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20438\">income and <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20439\">other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11906 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps10997\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20440\">liabilities held for </span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20441\">sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Obligations from sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20442 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1,072<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20443 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">163<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20444 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(121)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20446 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(62)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20447 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(78)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19858 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">974<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Warranty and product <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">related<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20448 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">618<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20449 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17433\">736<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20450 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(518)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(346)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20451 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(44)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19865 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">446<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Legal proceedings and <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">other disputes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20452 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">112<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20453 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps9747\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20455 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps20454\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20456 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19556 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(19)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20457 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps19857\">78<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Restructuring<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20458 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">15<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20459 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20460 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps9779\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20461 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20462 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20463 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">12<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Other risks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20464 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">232<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20466 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20465\">19<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20467 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20454\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20468 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(161)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20469 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20470 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">74<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-81df793a ps22\">Total Other provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20471 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">2,049<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20472 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17433\">922<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20473 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17444\">(653)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20474 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps17435\">(584)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20475 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps17435\">(150)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20476 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">1,584<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:87pt\"></td><td style=\"padding:0;width:74.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:53.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:59.25pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:74.25pt\"></td></tr><tr style=\"height:29.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1699\"><div><div class=\"ps18847 ss807\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20433 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31 December 2023<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7751 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20434\">Charge<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20436 ss1640\"><div><div class=\"ps2250 ss236\"><span class=\"f charStyle-81df793a ps20435\">Utilization<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19269 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps20437\">Release to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20438\">income and <span class=\"f ps13\"> </span></span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20439\">other changes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps11906 ss1700\"><div><div class=\"ps2248 ss756\"><span class=\"f charStyle-81df793a ps10997\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps2249 ss756\"><span class=\"f charStyle-81df793a ps20440\">liabilities held for </span></div><div class=\"ps2250 ss756\"><span class=\"f charStyle-81df793a ps20441\">sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9995 ss1658\"><div><div class=\"ps2250 ss667\"><span class=\"f charStyle-81df793a ps16403\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Obligations from sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20442 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">910<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20443 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17433\">490<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20444 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(297)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20446 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(27)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20447 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(4)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19858 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9683\">1,072<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps758 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Warranty and product <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">related<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20448 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">566<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20449 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17433\">729<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20450 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17444\">(505)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19281 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps17435\">(164)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20451 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19865 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">618<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6664 ss1702\"><div><div class=\"ps9140 ss807\"><span class=\"f charStyle-bd419927 ps22\">Legal proceedings and <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss807\"><span class=\"f charStyle-bd419927 ps22\">other disputes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20452 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">115<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20453 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps20465\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20455 ss1363\"><div><div class=\"ps9141 ss236\"><span class=\"f charStyle-bd419927 ps17461\">(31)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20456 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps20445\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19556 ss985\"><div><div class=\"ps9141 ss756\"><span class=\"f charStyle-bd419927 ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20457 ss1703\"><div><div class=\"ps9141 ss667\"><span class=\"f charStyle-bd419927 ps9710\">112<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps772 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Restructuring<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20458 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">24<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20459 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps9747\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20460 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20454\">(9)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20461 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20462 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18400\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20463 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps19857\">15<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps4982 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps22\">Other risks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20464 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">221<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20466 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps20465\">86<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20467 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-bd419927 ps17461\">(74)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20468 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps20479\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20469 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-bd419927 ps18395\">(6)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20470 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-bd419927 ps9710\">232<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13505 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-81df793a ps22\">Total Other provisions<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20471 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">1,836<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20472 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps20480\">1,346<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20473 ss685\"><div><div class=\"ps961 ss236\"><span class=\"f charStyle-81df793a ps17444\">(916)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20474 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps17435\">(199)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20475 ss759\"><div><div class=\"ps961 ss756\"><span class=\"f charStyle-81df793a ps20445\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20476 ss673\"><div><div class=\"ps961 ss667\"><span class=\"f charStyle-81df793a ps9683\">2,049<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20481 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Obligations from sales relates to discounts, bonuses and similar allowances for which there is a legal or constructive obligation attributable to</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps20482 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">sales revenue as well as any risks arising in connection with the sale of products and services. This provision is estimated based on information</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20483 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:93.83pt\">available for the sales made.</span></div><div class=\"ps20484 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">The warranty and product related provision represents management\u2019s best estimate of commitments given by the Group for contractual, legal or</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">constructive obligations arising from product warranties given for a specified period of time which begins at the date of delivery to the customer.</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps20486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">This estimate has been calculated considering past experience and specific contractual terms. This provision also includes management\u2019s best</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">estimate of the costs that are expected to be incurred in connection with product defects that could result in a larger recall of vehicles. This<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:366.76pt\">provision for risks is developed through an assessment of reported damages or returns on a case-by-case basis.</span><span class=\"f charStyle-24b91321 ps20488\" style=\"width:2.05pt\"> </span></div><div class=\"ps20490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Legal proceedings and other disputes represent management\u2019s best estimate of the liability to be recognised by the Group with regard to legal</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">proceedings arising in the ordinary course of business with dealers, customers, suppliers, or regulators (such as contractual, patent, or antitrust</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">disputes), legal proceedings involving claims with active and former employees and disputes related to indirect taxes. Each Group company</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps20493 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">recognises a provision for legal proceedings when it is deemed probable that the proceedings will result in an outflow of resources. In determining</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.9pt\">the best estimate of the probable liability, each Group company assesses its legal proceedings on a case-by-case basis to estimate the probable</span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> </span></div><div class=\"ps20495 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">losses that typically arise from events of the type giving rise to the liability. The estimate takes into account, as applicable, the views of legal<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20496 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">counsel and other experts, the experience of the company and others in similar situations and the company\u2019s intentions with regard to further</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:86.06pt\">action in each proceeding.</span></div><div class=\"ps20498 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">Restructuring provision represents management\u2019s best estimate of costs primarily associated to certain fundamental organisational changes.</span></div><div class=\"ps20499 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">Other risks include other provisions of smaller amounts for miscellaneous risks and charges in connection with risks which cannot be specifically </span></div><div class=\"ps20500 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-24b91321 ps18\">attributed to the other categories.</span></div><div class=\"ps20501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.69pt\">Iveco Group\u2019s consolidated provisions combine the individual provisions established by each of the Group\u2019s companies.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-638": {
   "value": "<div class=\"ps20535 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">24. Debt</span></div><div class=\"ps20536 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Credit Facilities</span></div><div class=\"ps20537 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Lenders of committed credit facilities have the obligation to make advances up to the facility amount. Lenders of uncommitted facilities have the</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps20540 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:353.07pt\">right to terminate the agreement, with no acceleration of the advances, with prior notice to Iveco Group. At </span><span class=\"f charStyle-24b91321 ps20538\" style=\"width:63.32pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20539\" style=\"width:59.55pt\">, Iveco Group had</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps20546 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:274.5pt\">available committed unsecured facilities expiring after twelve months amounting to \u20ac</span><span class=\"f charStyle-24b91321 ps20541\" style=\"width:18.45pt\">1,900</span><span class=\"f charStyle-24b91321 ps9577\" style=\"width:31.51pt\"> million (\u20ac</span><span class=\"f charStyle-24b91321 ps20542\" style=\"width:18.45pt\">1,900</span><span class=\"f charStyle-24b91321 ps20543\" style=\"width:33.16pt\"> million at </span><span class=\"f charStyle-24b91321 ps20544\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20545\" style=\"width:4.5pt\">).</span></div><div class=\"ps12380 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">On 4 January 2022, Iveco Group signed a \u20ac1.9 billion syndicated facility, which included a \u20ac1.4 billion committed revolving credit facility with a 5-</span></div><div class=\"ps20547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">year tenor with two extension options of 1-year each (subject to the bank\u2019s approval), as well as a \u20ac0.5 billion committed term facility with a 12-</span></div><div class=\"ps20548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">months tenor, extendable for up to an additional 12 months at the Company\u2019s sole option. In October 2022, Iveco Group signed a new</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps20549 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">\u20ac400\u00a0million syndicated term facility with a 2-year tenor extendable for up to an additional 12 months at the Company\u2019s sole option. The proceeds</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">have been used to refinance the existing term facility. The \u20ac1.4 billion revolving credit facility has been extended for two additional years with all</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:403.23pt\">lenders, by exercising the first and the second one-year extension option. The facility is now due to mature in January 2029.</span><span class=\"f charStyle-24b91321 ps11774\" style=\"width:2.05pt\"> </span></div><div class=\"ps20552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">On 27 November 2023, Iveco Group signed a \u20ac450 million term loan facility with the European Investment Bank (EIB) with an 8-year amortisation</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps20553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">profile, which represented the first tranche of the \u20ac500 million total approved by the European Investment Bank. The proceeds of the loan facility,</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps20554 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">which have been drawdown in full in December 2023, will be applied, over a period of three years, to enable Iveco Group to develop innovative</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps20555 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">technologies and architectures in the field of electric propulsion and to increase efficiency, safety, driving comfort and productivity by further</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps20558 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:272.66pt\">developing solutions for autonomous driving, digitalisation and vehicle connectivity.</span><span class=\"f charStyle-24b91321 ps20556\" style=\"width:2.33pt\"> </span><span class=\"f charStyle-24b91321 ps20557\" style=\"width:201.09pt\">This loan is at a below-market rate of interest. The difference</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps20559 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">between the market rate of interest for an equivalent loan at the inception date and the rate granted by the EIB has been recognised as a</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps20560 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">government grant in accordance with IAS 20, and recorded as a deduction from the capitalized development costs financed by the loan on a</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20561 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">straight-line basis over the life of the underlying projects. The loan is measured at amortised cost, in the amount of \u20ac405 million at 31 December</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps20564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.06pt\">2025 (\u20ac436 million at 31 December 2024).</span><span class=\"f charStyle-24b91321 ps20562\" style=\"width:2.45pt\"> <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20563\" style=\"width:333.4pt\">In July 2024, the second and last \u20ac50 million tranche has been executed with full drawing in October</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps20565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:18.45pt\">2024.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">The facilities above include typical provisions for contracts of this type and size, such as: customary covenants mainly relating to Industrial</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:165.25pt\">Activities including negative pledge, a status (or </span><span class=\"f charStyle-50993fa8 ps20567\" style=\"width:35.14pt\">pari passu</span><span class=\"f charStyle-24b91321 ps20568\" style=\"width:275.6pt\">) covenant, restrictions on the incurrence of indebtedness by certain subsidiaries,</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">customary events of default (some of which are subject to minimum thresholds and customary mitigants) including cross-default, failure to pay</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">amounts due or to comply with certain provisions under the loan agreement, the occurrence of certain bankruptcy-related events and mandatory</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">prepayment obligations upon a change in control of Iveco Group or the borrower and a financial covenant (Net debt/EBITDA ratio relating to</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Industrial Activities) that is not applicable in case of rating equal or higher than BBB/Baa2. The failure to comply with these provisions, in certain</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:390.28pt\">cases if not suitably remedied, can lead to the requirement to make early repayment of the outstanding advances. At </span><span class=\"f charStyle-24b91321 ps20569\" style=\"width:63.62pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20570\" style=\"width:22.19pt\">, Iveco</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:215.93pt\">Group was in compliance with all covenants of the above facilities.</span><span class=\"f charStyle-24b91321 ps20571\" style=\"width:2.05pt\"> </span></div><div class=\"ps12405 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">In June 2024, Iveco Group N.V. signed a term loan facility of \u20ac150 million with Cassa Depositi e Prestiti (CDP) for the creation of new projects in</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps20574 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:404.66pt\">Italy dedicated to research, development and innovation. Furthermore, in July 2024 Iveco Group N.V. successfully raised a</span><span class=\"f charStyle-50993fa8 ps20572\" style=\"width:48.59pt\"> Schuldschein </span><span class=\"f charStyle-24b91321 ps20573\" style=\"width:22.85pt\">loan (a</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">private placement governed by German law) for \u20ac290 million and between July 2024 and October 2024 Iveco Group N.V. executed new bilateral</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20576 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:432.23pt\">term loan facilities for a total amount of \u20ac300 million. In 2025, Iveco Group N.V. signed a new 3-years term loan facility of \u20ac50 million.</span></div><div class=\"ps20581 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.61pt\">At </span><span class=\"f charStyle-24b91321 ps20577\" style=\"width:63.88pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20578\" style=\"width:297.53pt\">, Financial Services\u2019 asset-backed facilities amounted to \u20ac1,025 million (\u20ac1,031 million at </span><span class=\"f charStyle-24b91321 ps20579\" style=\"width:63.88pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20580\" style=\"width:41.14pt\">), committed</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps20587 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.37pt\">and expiring after twelve months.</span><span class=\"f charStyle-24b91321 ps20582\" style=\"width:110.66pt\"> Bank debt of Financial Services </span><span class=\"f charStyle-24b91321 ps20583\" style=\"width:142.29pt\">also included \u20ac115 million (\u20ac115 million at </span><span class=\"f charStyle-24b91321 ps20584\" style=\"width:63.8pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps20585\" style=\"width:5.05pt\">) </span><span class=\"f charStyle-50993fa8 ps20586\" style=\"width:43.85pt\">Schuldschein</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps16501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.02pt\">loan with a 3-year tenor</span><span class=\"f charStyle-24b91321 ps20588\" style=\"width:2.05pt\">.</span></div><div class=\"ps20589 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Debt</span></div><div class=\"ps20590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">The following table presents the Group's contractual undiscounted cash flows, including expected interest payments, relating to Debt, as well as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20591 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:97.54pt\">an analysis of Debt by nature:</span></div><div class=\"ps20690 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:106.5pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:42pt\"></td><td style=\"padding:0;width:36.75pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:36pt\"></td><td style=\"padding:0;width:35.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:38.25pt\"></td><td style=\"padding:0;width:32.25pt\"></td><td style=\"padding:0;width:36.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20593 ss1704\"><div><div class=\"ps961 ss703\"><span class=\"f charStyle-81df793a ps20592\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td colspan=\"5\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20595 ss1705\"><div><div class=\"ps961 ss1059\"><span class=\"f charStyle-81df793a ps20594\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:39.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1707\"><div><div class=\"ps20596 ss1706\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20603 ss1708\"><div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps20599\">within one </span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps20601\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14881 ss1709\"><div><div class=\"ps3931 ss511\"><span class=\"f charStyle-81df793a ps20604\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20598 ss511\"><span class=\"f charStyle-81df793a ps20605\">between </span></div><div class=\"ps20600 ss511\"><span class=\"f charStyle-81df793a ps20606\">one and <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss511\"><span class=\"f charStyle-81df793a ps20607\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20609 ss1710\"><div><div class=\"ps20598 ss1184\"><span class=\"f charStyle-81df793a ps20608\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss1184\"><span class=\"f charStyle-81df793a ps14685\">beyond </span></div><div class=\"ps20602 ss1184\"><span class=\"f charStyle-81df793a ps19276\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18459 ss1711\"><div><div class=\"ps20602 ss276\"><span class=\"f charStyle-81df793a ps16291\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17417 ss1712\"><div><div class=\"ps20600 ss785\"><span class=\"f charStyle-81df793a ps20610\">Carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss785\"><span class=\"f charStyle-81df793a ps1795\">amount</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20612 ss1711\"><div><div class=\"ps20598 ss276\"><span class=\"f charStyle-81df793a ps2652\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss276\"><span class=\"f charStyle-81df793a ps14941\">within </span></div><div class=\"ps20602 ss276\"><span class=\"f charStyle-81df793a ps20611\">one year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20613 ss1708\"><div><div class=\"ps3931 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps14691\">between <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps15894\">one and <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps14674\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20615 ss1708\"><div><div class=\"ps20598 ss722\"><span class=\"f charStyle-81df793a ps20597\">Due <span class=\"f ps13\"> </span></span></div><div class=\"ps20600 ss722\"><span class=\"f charStyle-81df793a ps20614\">beyond </span></div><div class=\"ps20602 ss722\"><span class=\"f charStyle-81df793a ps14674\">five years<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20616 ss1713\"><div><div class=\"ps20602 ss1015\"><span class=\"f charStyle-81df793a ps16112\">Total<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20618 ss1710\"><div><div class=\"ps20600 ss1184\"><span class=\"f charStyle-81df793a ps20617\">Carrying <span class=\"f ps13\"> </span></span></div><div class=\"ps20602 ss1184\"><span class=\"f charStyle-81df793a ps19550\">amount</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8487 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Asset-backed financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20619 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">3,187<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20620 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19890\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20621 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20622 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">3,191<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20623 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">3,166<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20624 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps11255\">3,576<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20625 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11570\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20626 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20627 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">3,580<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20628 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">3,558<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8492 ss1714\"><div><div class=\"ps961 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Other debt:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8497 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Borrowings from banks<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20629 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">562<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20631 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps20630\">1,798<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14481 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">87<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20632 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">2,447<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20633 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">2,274<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20634 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">728<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20635 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,663<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20636 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">168<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20637 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">2,559<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20638 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">2,344<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps322 ss1715\"><div><div class=\"ps2039 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Payables represented by <span class=\"f ps13\"> </span></span></div><div class=\"ps2040 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">securities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20639 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11580\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20640 ss516\"><div><div class=\"ps1327 ss511\"><span class=\"f charStyle-bd419927 ps18919\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20641 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-bd419927 ps18086\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20642 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-81df793a ps17953\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20643 ss1575\"><div><div class=\"ps1327 ss785\"><span class=\"f charStyle-81df793a ps18909\">59<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20644 ss1649\"><div><div class=\"ps1327 ss276\"><span class=\"f charStyle-bd419927 ps17953\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20645 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20646 ss762\"><div><div class=\"ps1327 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20647 ss1081\"><div><div class=\"ps1327 ss1015\"><span class=\"f charStyle-81df793a ps4962\">35<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20648 ss1650\"><div><div class=\"ps1327 ss1184\"><span class=\"f charStyle-81df793a ps17950\">35<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20649 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps8271\">Lease liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20650 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11580\">62<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20651 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19882\">105<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20652 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17950\">49<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20653 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps17941\">216<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20654 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps13852\">189<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20655 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17953\">65<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20656 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">111<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20657 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11580\">54<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20658 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps17431\">230<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20659 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">199<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2613 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-3769e72f ps8271\">Other</span><span class=\"f charStyle-a5ada9bf ps20660\"><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20661 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">369<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20662 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps19890\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20663 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17973\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20664 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps17941\">373<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20665 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps13852\">373<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20666 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">168<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10350 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11570\">2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20667 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11545\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20668 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps17431\">170<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20669 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">170<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps14971 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-bd419927 ps22\">Total Other debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20670 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,052<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20671 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-bd419927 ps20630\">1,905<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20672 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-bd419927 ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20673 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">3,095<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20674 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">2,895<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20675 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-bd419927 ps17941\">996<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20676 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11555\">1,776<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20677 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-bd419927 ps11563\">222<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20678 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">2,994<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20679 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">2,748<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11009 ss1714\"><div><div class=\"ps315 ss1706\"><span class=\"f charStyle-81df793a ps22\">Total Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20680 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11555\">4,239<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20681 ss522\"><div><div class=\"ps315 ss511\"><span class=\"f charStyle-81df793a ps20630\">1,909<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20682 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17944\">138<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20683 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">6,286<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20684 ss1571\"><div><div class=\"ps315 ss785\"><span class=\"f charStyle-81df793a ps17878\">6,061<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20685 ss1429\"><div><div class=\"ps315 ss276\"><span class=\"f charStyle-81df793a ps11255\">4,572<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20686 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11555\">1,780<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20687 ss763\"><div><div class=\"ps315 ss722\"><span class=\"f charStyle-81df793a ps11563\">222<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20688 ss1359\"><div><div class=\"ps315 ss1015\"><span class=\"f charStyle-81df793a ps9835\">6,574<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20689 ss1428\"><div><div class=\"ps315 ss1184\"><span class=\"f charStyle-81df793a ps17937\">6,306<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20694 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:15.6pt\">(1) At </span><span class=\"f charStyle-5ad4a1b7 ps20691\" style=\"width:48.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-5ad4a1b7 ps20692\" style=\"width:44.93pt\">, Other includes \u20ac</span><span class=\"f charStyle-5ad4a1b7 ps20693\" style=\"width:9.57pt\">164</span><span class=\"f charStyle-5ad4a1b7 ps9807\" style=\"width:153.27pt\"> million of net financial payables to Discontinued Operations.</span></div><div class=\"ps20703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:57.14pt\">Total Debt was \u20ac</span><span class=\"f charStyle-24b91321 ps20695\" style=\"width:18.45pt\">6,061</span><span class=\"f charStyle-24b91321 ps20696\" style=\"width:34.99pt\"> million at </span><span class=\"f charStyle-24b91321 ps20697\" style=\"width:63.92pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20698\" style=\"width:57.37pt\">, a decrease of \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20699\" style=\"width:12.3pt\">245</span><span class=\"f charStyle-24b91321 ps20700\" style=\"width:70.43pt\"> million compared to <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20701\" style=\"width:63.92pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20702\" style=\"width:97.44pt\"> primarily as a result of lower</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps16924 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:250.74pt\">Financial Services portfolio and the repayment of Debt of Industrial Activities.</span></div><div class=\"ps16925 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">The item Asset-backed financing represents the financing received through both asset-backed securitisations and factoring transactions which do</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps20705 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:364.7pt\">not meet IFRS 9 derecognition requirements and are recognised as assets in the statement of financial position.</span><span class=\"f charStyle-24b91321 ps20704\" style=\"width:2.05pt\"> </span></div><div class=\"ps20710 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.99pt\">Referring to Lease liabilities, in <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20706\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps20707\" style=\"width:9.92pt\">, \u20ac</span><span class=\"f charStyle-24b91321 ps16451\" style=\"width:8.2pt\">69</span><span class=\"f charStyle-24b91321 ps16452\" style=\"width:132.46pt\"> million for the principal portion and \u20ac</span><span class=\"f charStyle-24b91321 ps20708\" style=\"width:4.1pt\">9</span><span class=\"f charStyle-24b91321 ps20709\" style=\"width:194pt\"> million for interest expenses related to Lease liabilities,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20713 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:85.73pt\">respectively, were paid (\u20ac</span><span class=\"f charStyle-24b91321 ps6412\" style=\"width:8.2pt\">67</span><span class=\"f charStyle-24b91321 ps20711\" style=\"width:187.83pt\"> million for the principal portion of Lease liabilities and \u20ac</span><span class=\"f charStyle-24b91321 ps19059\" style=\"width:8.2pt\">10</span><span class=\"f charStyle-24b91321 ps20712\" style=\"width:186.01pt\"> million for interest expenses, respectively, were paid in</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps10031 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).</span></div><div class=\"ps10130 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:222.87pt\">The following table sets out a maturity analysis of Lease liabilities at </span><span class=\"f charStyle-24b91321 ps20714\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps12314\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20715\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20716\" style=\"width:2.05pt\">:</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-639": {
   "value": "<div class=\"ps20773 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">25. Trade payables</span></div><div class=\"ps20774 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:183.18pt\">An analysis by due date of Trade payables is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20789 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:208.5pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps7671 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1717\"><div><div class=\"ps9091 ss87\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps7680 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20780 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18642 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20783 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1719\"><div><div class=\"ps961 ss87\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20785 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,719<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20786 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20787 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11387\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20788 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,753<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps5728 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss383\"><div><div class=\"ps961 ss234\"><span class=\"f charStyle-81df793a ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,947<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps11401\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss752\"><div><div class=\"ps961 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,956<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-642": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">26. Other liabilities</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.09pt\">An analysis of Other liabilities is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18437 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Advances on buy-back agreements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11517 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">844<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">864<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20797 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Indirect tax payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20798 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">257<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Accrued expenses and deferred income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20799 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">190<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Payables to personnel<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20800 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">158<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Social security payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20801 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">101<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20802 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">262<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">480<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20803 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,224<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,434<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:351.15pt\">An analysis of Other liabilities (excluding Accrued expenses and deferred income) by due date is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20814 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1720\"><div><div class=\"ps2180 ss234\"><span class=\"f charStyle-81df793a ps22\">Other liabilities (excluding Accrued expenses and deferred <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss234\"><span class=\"f charStyle-81df793a ps22\">income)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,705<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,295<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps11387\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,034<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20805 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20806 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20807 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20808 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20809 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps12183 ss1720\"><div><div class=\"ps2180 ss234\"><span class=\"f charStyle-81df793a ps22\">Other liabilities (excluding Accrued expenses and deferred <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss234\"><span class=\"f charStyle-81df793a ps22\">income)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20810 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,966<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20811 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,207<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20812 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps11387\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20813 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,210<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Contract liabilities primarily relate to extended warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-</span></div><div class=\"ps3606 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.65pt\">back commitment. Contract liabilities include \u20ac</span><span class=\"f charStyle-24b91321 ps20816\" style=\"width:12.3pt\">532</span><span class=\"f charStyle-24b91321 ps5594\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20817\" style=\"width:64.1pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps5730\" style=\"width:9.3pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps20818\" style=\"width:12.3pt\">541</span><span class=\"f charStyle-24b91321 ps20819\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20820\" style=\"width:64.1pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20821\" style=\"width:88.72pt\">) for future rents related to</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20824 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.12pt\">buy-back agreements. Changes in Contract liabilities </span><span class=\"f charStyle-24b91321 ps16880\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20822\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20823\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps6596\" style=\"width:49.16pt\"> are as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20852 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:55.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1721\"><div><div class=\"ps17220 ss998\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps14422 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2024</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5093 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20831 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20835 ss1725\"><div><div class=\"ps17222 ss472\"><span class=\"f charStyle-81df793a ps20832\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss472\"><span class=\"f charStyle-81df793a ps20833\">Liabilities held </span></div><div class=\"ps9284 ss472\"><span class=\"f charStyle-81df793a ps20834\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20842 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20844 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">859<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20845 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(729)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20847 ss476\"><div><div class=\"ps961 ss472\"><span class=\"f charStyle-81df793a ps20846\">(91)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20862 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1728\"><div><div class=\"ps17220 ss355\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8130 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31 December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2023</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19217 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17493 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1638\"><div><div class=\"ps17222 ss965\"><span class=\"f charStyle-db2d9ea7 ps20854\">Transfer to </span></div><div class=\"ps17224 ss965\"><span class=\"f charStyle-db2d9ea7 ps20855\">Liabilities held <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss965\"><span class=\"f charStyle-db2d9ea7 ps20856\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1729\"><div><div class=\"ps961 ss355\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20857 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,332<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20858 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">812<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20859 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(784)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20861 ss1618\"><div><div class=\"ps961 ss965\"><span class=\"f charStyle-81df793a ps20860\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Advances on buy-back agreements includes the repurchase value of the vehicle relating to new vehicles sold with a buy-back commitment from</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.68pt\">Truck and Bus Business Units, included in Property, plant and equipment, as described in section \u201cAccounting policies\u201d.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-641": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">26. Other liabilities</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.09pt\">An analysis of Other liabilities is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18437 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Advances on buy-back agreements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11517 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">844<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">864<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20797 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Indirect tax payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20798 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">257<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Accrued expenses and deferred income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20799 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">190<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Payables to personnel<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20800 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">158<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Social security payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20801 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">101<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20802 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">262<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">480<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20803 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,224<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,434<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:351.15pt\">An analysis of Other liabilities (excluding Accrued expenses and deferred income) by due date is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20814 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1720\"><div><div class=\"ps2180 ss234\"><span class=\"f charStyle-81df793a ps22\">Other liabilities (excluding Accrued expenses and deferred <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss234\"><span class=\"f charStyle-81df793a ps22\">income)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,705<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,295<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps11387\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,034<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20805 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20806 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20807 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20808 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20809 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps12183 ss1720\"><div><div class=\"ps2180 ss234\"><span class=\"f charStyle-81df793a ps22\">Other liabilities (excluding Accrued expenses and deferred <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss234\"><span class=\"f charStyle-81df793a ps22\">income)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20810 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,966<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20811 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,207<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20812 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps11387\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20813 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,210<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Contract liabilities primarily relate to extended warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-</span></div><div class=\"ps3606 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.65pt\">back commitment. Contract liabilities include \u20ac</span><span class=\"f charStyle-24b91321 ps20816\" style=\"width:12.3pt\">532</span><span class=\"f charStyle-24b91321 ps5594\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20817\" style=\"width:64.1pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps5730\" style=\"width:9.3pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps20818\" style=\"width:12.3pt\">541</span><span class=\"f charStyle-24b91321 ps20819\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20820\" style=\"width:64.1pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20821\" style=\"width:88.72pt\">) for future rents related to</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20824 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.12pt\">buy-back agreements. Changes in Contract liabilities </span><span class=\"f charStyle-24b91321 ps16880\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20822\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20823\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps6596\" style=\"width:49.16pt\"> are as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20852 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:55.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1721\"><div><div class=\"ps17220 ss998\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps14422 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2024</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5093 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20831 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20835 ss1725\"><div><div class=\"ps17222 ss472\"><span class=\"f charStyle-81df793a ps20832\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss472\"><span class=\"f charStyle-81df793a ps20833\">Liabilities held </span></div><div class=\"ps9284 ss472\"><span class=\"f charStyle-81df793a ps20834\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20842 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20844 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">859<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20845 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(729)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20847 ss476\"><div><div class=\"ps961 ss472\"><span class=\"f charStyle-81df793a ps20846\">(91)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20862 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1728\"><div><div class=\"ps17220 ss355\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8130 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31 December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2023</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19217 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17493 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1638\"><div><div class=\"ps17222 ss965\"><span class=\"f charStyle-db2d9ea7 ps20854\">Transfer to </span></div><div class=\"ps17224 ss965\"><span class=\"f charStyle-db2d9ea7 ps20855\">Liabilities held <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss965\"><span class=\"f charStyle-db2d9ea7 ps20856\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1729\"><div><div class=\"ps961 ss355\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20857 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,332<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20858 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">812<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20859 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(784)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20861 ss1618\"><div><div class=\"ps961 ss965\"><span class=\"f charStyle-81df793a ps20860\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Advances on buy-back agreements includes the repurchase value of the vehicle relating to new vehicles sold with a buy-back commitment from</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.68pt\">Truck and Bus Business Units, included in Property, plant and equipment, as described in section \u201cAccounting policies\u201d.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-640": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">26. Other liabilities</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.09pt\">An analysis of Other liabilities is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18437 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Advances on buy-back agreements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11517 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">844<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">864<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20797 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Indirect tax payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20798 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">257<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Accrued expenses and deferred income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20799 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">190<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Payables to personnel<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20800 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">158<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Social security payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20801 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">101<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20802 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">262<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">480<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20803 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,224<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,434<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:351.15pt\">An analysis of Other liabilities (excluding Accrued expenses and deferred income) by due date is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20814 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss48 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:207pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:64.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2513 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20791 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20792 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19908 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps17161 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2457 ss1720\"><div><div class=\"ps2180 ss234\"><span class=\"f charStyle-81df793a ps22\">Other liabilities (excluding Accrued expenses and deferred <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss234\"><span class=\"f charStyle-81df793a ps22\">income)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2459 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,705<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20793 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,295<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20794 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps11387\">34<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20795 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,034<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:13.5pt\"><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20805 ss491\"><div><div class=\"ps961 ss490\"><span class=\"f charStyle-81df793a ps20776\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5122 ss1720\"><div><div class=\"ps9091 ss234\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20806 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20777\">Due within one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20778\">year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20807 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20779\">Due between one <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps19438\">and five years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20808 ss1718\"><div><div class=\"ps2180 ss749\"><span class=\"f charStyle-81df793a ps20781\">Due beyond five <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20782\">years</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20809 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps18917\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:21pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps12183 ss1720\"><div><div class=\"ps2180 ss234\"><span class=\"f charStyle-81df793a ps22\">Other liabilities (excluding Accrued expenses and deferred <span class=\"f ps13\"> </span></span></div><div class=\"ps1327 ss234\"><span class=\"f charStyle-81df793a ps22\">income)</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20810 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,966<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20811 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">1,207<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20812 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps11387\">37<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20813 ss1718\"><div><div class=\"ps1327 ss749\"><span class=\"f charStyle-81df793a ps20784\">3,210<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20815 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Contract liabilities primarily relate to extended warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-</span></div><div class=\"ps3606 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:154.65pt\">back commitment. Contract liabilities include \u20ac</span><span class=\"f charStyle-24b91321 ps20816\" style=\"width:12.3pt\">532</span><span class=\"f charStyle-24b91321 ps5594\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20817\" style=\"width:64.1pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps5730\" style=\"width:9.3pt\"> (\u20ac</span><span class=\"f charStyle-24b91321 ps20818\" style=\"width:12.3pt\">541</span><span class=\"f charStyle-24b91321 ps20819\" style=\"width:35.26pt\"> million at <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20820\" style=\"width:64.1pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps20821\" style=\"width:88.72pt\">) for future rents related to</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20824 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:174.12pt\">buy-back agreements. Changes in Contract liabilities </span><span class=\"f charStyle-24b91321 ps16880\" style=\"width:128.28pt\">for the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20822\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20823\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps6596\" style=\"width:49.16pt\"> are as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps20852 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:55.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1721\"><div><div class=\"ps17220 ss998\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps14422 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2024</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5093 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20831 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20835 ss1725\"><div><div class=\"ps17222 ss472\"><span class=\"f charStyle-81df793a ps20832\">Transfer to <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss472\"><span class=\"f charStyle-81df793a ps20833\">Liabilities held </span></div><div class=\"ps9284 ss472\"><span class=\"f charStyle-81df793a ps20834\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2025</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20842 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20844 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">859<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20845 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(729)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20847 ss476\"><div><div class=\"ps961 ss472\"><span class=\"f charStyle-81df793a ps20846\">(91)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20862 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:81.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63.75pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:66pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:51pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:52.5pt\"></td><td style=\"padding:0;width:6.75pt\"></td><td style=\"padding:0;width:63pt\"></td></tr><tr style=\"height:38.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1728\"><div><div class=\"ps17220 ss355\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8130 ss1723\"><div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps13458\">At 31 December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20825\">2023</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19217 ss1723\"><div><div class=\"ps17222 ss1722\"><span class=\"f charStyle-81df793a ps20826\">Additional <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss1722\"><span class=\"f charStyle-81df793a ps20827\">amounts arising <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss1722\"><span class=\"f charStyle-81df793a ps20828\">during the period</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17493 ss1724\"><div><div class=\"ps17222 ss574\"><span class=\"f charStyle-81df793a ps5107\">Amounts <span class=\"f ps13\"> </span></span></div><div class=\"ps17224 ss574\"><span class=\"f charStyle-81df793a ps20829\">recognised within <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss574\"><span class=\"f charStyle-81df793a ps20830\">revenue</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps5379 ss1638\"><div><div class=\"ps17222 ss965\"><span class=\"f charStyle-db2d9ea7 ps20854\">Transfer to </span></div><div class=\"ps17224 ss965\"><span class=\"f charStyle-db2d9ea7 ps20855\">Liabilities held <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss965\"><span class=\"f charStyle-db2d9ea7 ps20856\">for sale<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20838 ss1565\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps13725\">Translation <span class=\"f ps13\"> </span></span></div><div class=\"ps17222 ss405\"><span class=\"f charStyle-81df793a ps20836\">differences </span></div><div class=\"ps17224 ss405\"><span class=\"f charStyle-81df793a ps20837\">and other <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss405\"><span class=\"f charStyle-81df793a ps5903\">changes</span></div></div></div></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#FFFFFF;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20840 ss1726\"><div><div class=\"ps17224 ss502\"><span class=\"f charStyle-81df793a ps17927\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps9284 ss502\"><span class=\"f charStyle-81df793a ps20839\">2024</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1972 ss1729\"><div><div class=\"ps961 ss355\"><span class=\"f charStyle-81df793a ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20857 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20841\">1,332<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20858 ss1727\"><div><div class=\"ps961 ss1722\"><span class=\"f charStyle-81df793a ps20843\">812<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20859 ss1344\"><div><div class=\"ps961 ss574\"><span class=\"f charStyle-81df793a ps11907\">(784)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20861 ss1618\"><div><div class=\"ps961 ss965\"><span class=\"f charStyle-81df793a ps20860\">(8)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20849 ss408\"><div><div class=\"ps961 ss405\"><span class=\"f charStyle-81df793a ps20848\">(2)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20851 ss518\"><div><div class=\"ps961 ss502\"><span class=\"f charStyle-81df793a ps20850\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20864 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">Advances on buy-back agreements includes the repurchase value of the vehicle relating to new vehicles sold with a buy-back commitment from</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3231 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.68pt\">Truck and Bus Business Units, included in Property, plant and equipment, as described in section \u201cAccounting policies\u201d.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-643": {
   "value": "<div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:140.09pt\">An analysis of Other liabilities is as follows:<span class=\"f ps13\"> </span></span></div><div class=\"ps12787 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:308.25pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:81pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1498\"><div><div class=\"ps8886 ss1497\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps18437 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps9502 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15391\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Advances on buy-back agreements<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps11517 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">844<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18579 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">864<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Contract liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20797 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,388<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18580 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15392\">1,350<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Indirect tax payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20798 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">282<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18582 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">257<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Accrued expenses and deferred income<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20799 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">190<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18583 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Payables to personnel<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20800 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">154<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19046 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">158<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Social security payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20801 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19048 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">101<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20802 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">262<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18829 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-bd419927 ps15404\">480<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1498\"><div><div class=\"ps961 ss1497\"><span class=\"f charStyle-81df793a ps22\">Total Other liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20803 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,224<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18831 ss1000\"><div><div class=\"ps961 ss998\"><span class=\"f charStyle-81df793a ps15392\">3,434<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-645": {
   "value": "<div class=\"ps7726 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">27. Commitments and contingencies </span></div><div class=\"ps7728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">As a global company with a diverse business portfolio, Iveco Group in the ordinary course of business is exposed to numerous legal risks,</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">including, without limitation, dealers and suppliers litigation, intellectual property rights disputes, product warranty and defective product claims,</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">product performance liability, asbestos, personal injury, regulatory and contractual issues, competition law, anti-corruption and other<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:261.77pt\">investigations, environmental claims. All significant matters are described below.</span></div><div class=\"ps3238 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The outcome of any current or future proceedings, claims, or investigations cannot be predicted with certainty. Adverse decisions in some of</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">these proceedings, claims or investigations could require Iveco Group to pay substantial damages or fines or undertake service actions, recall</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">campaigns or other costly actions. It is therefore possible that legal judgments could give rise to expenses that are not covered, or not fully</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps20869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:348.32pt\">covered, by insurers\u2019 compensation payments and could affect Iveco Group\u2019s financial position and results.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">When it is probable that an outflow of resources embodying economic benefits will be required to settle obligations and this amount can be</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">reliably estimated, Iveco Group recognises specific provisions for this purpose. Contingent liabilities estimated by the Group, for which no</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.58pt\">provisions have been recognised since an outflow of resources is not considered probable at the present time, were not material at </span><span class=\"f charStyle-24b91321 ps8730\" style=\"width:44.43pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps8731\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps8732\" style=\"width:2.05pt\">.</span><span class=\"f charStyle-24b91321 ps20870\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Although the ultimate outcome of legal matters pending against Iveco Group cannot be predicted, Iveco Group believes the reasonable possible</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">range of losses for these unresolved legal matters in addition to the amounts accrued would not have a material effect on its Consolidated<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.69pt\">Financial Statements, except for the following cases.</span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other litigation and investigation</span></div><div class=\"ps542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:91.97pt\">Follow on Damages Claims</span><span class=\"f charStyle-24b91321 ps8736\" style=\"width:384.09pt\">: in 2011 Iveco S.p.A. and Iveco Magirus AG (now Iveco Deutschland AG, and together with Iveco S.p.A. \"Iveco\"),</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">which, following the Demerger, are now part of Iveco Group N.V., and their competitors in the European Union were subject to an investigation by</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">the European Commission (the \u201cCommission\u201d) into certain business practices in the European Union in the period 1997-2011, in relation to</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Medium &amp; Heavy trucks. On 19 July 2016, the Commission announced a settlement with CNH Industrial (\"the Decision\") including a settlement</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">with Iveco. In particular, Iveco received a reduction in its fine for cooperating with the European Commission throughout the investigation, and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">received a fine of \u20ac494.6 million. Similar decisions were taken, by the Commission, with reference to the other competitors. Following the</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps3249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Decision, Iveco S.p.A. and Iveco Magirus AG (now Iveco Deutschland AG) have been named as defendants in many proceedings across Europe</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and Israel. These damage claims could result in substantial liabilities for the Group as well as incurring in significant defense costs, which may</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">have a material adverse effect on its operations and financial condition. The extent and outcome of these claims cannot be reliably predicted at</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1382 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:304.1pt\">this time and, therefore, the Group did not recognise any specific provision for these claims. </span><span class=\"f charStyle-24b91321 ps8737\" style=\"width:2.05pt\">I</span><span class=\"f charStyle-24b91321 ps20871\" style=\"width:169.91pt\">n 2025 and 2024, Iveco Group recognised a cost of<span id=\"i105f6fa40f1d485db6da9102f83b4fbe_3710\"></span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.85pt\">\u20ac80 million and \u20ac20 million, respectively, relat</span><span class=\"f charStyle-24b91321 ps16393\" style=\"width:245.27pt\">ed to certain claims for which it was possible to make a reliable estimate. </span><span class=\"f charStyle-24b91321 ps8738\" style=\"width:79.91pt\">This current position will</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1387 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:401.43pt\">be reassessed on a regular basis and updated as necessary, based on cases' evolution. In accordance with IAS 37 \u2013 </span><span class=\"f charStyle-50993fa8 ps8739\" style=\"width:74.63pt\">Provisions, Contingent</span><span class=\"f charStyle-50993fa8 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps4258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:108.58pt\">Liabilities and Contingent Assets </span><span class=\"f charStyle-24b91321 ps8740\" style=\"width:304.84pt\">(paragraph 92), no further information is disclosed so as not to prejudice the Group\u2019s position.</span></div><div class=\"ps1389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:74.18pt\">FPT Emissions Claims</span><span class=\"f charStyle-24b91321 ps8741\" style=\"width:401.77pt\">: We are defending individual civil claims alleging emissions' non-compliance in Germany and Austria. We cannot predict at</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.88pt\">this time the extent and outcome of these individual claims and therefore we did not recognise any specific provision in such relation.</span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:92.36pt\">Iveco Poland Antitrust Case</span><span class=\"f charStyle-24b91321 ps8742\" style=\"width:383.64pt\">: in August 2024, the President of the Office of Competition and Consumer Protection of Poland (\u201cUOKIK\u201d) issued a</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">decision regarding alleged violations of competition law by Iveco Poland Sp. z o.o. (\u201cIPL\u201d), a subsidiary of Iveco Group N.V., and its distributors in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the local truck market, envisaging a fine of PLN 155 million (approximately \u20ac37 million as of 31 December 2025). The UOKIK decision was served</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1395 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">on IPL in September 2024. Iveco Group disagrees with the allegations and findings presented by the UOKIK and intends to defend its case in</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">every possible instance and the decision of UOKIK is not yet final or binding. As a consequence, in October 2024, IPL has appealed the UOKIK</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps1397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">decision before the Polish First Instance court (the \u201cCourt\u201d) and, as of the date of the present document, the proceedings are pending. Only a final</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps3352 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">judgment of the Court will determine whether a breach of competition law took place and the amount of the fine, if any, that should be paid. In light</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps3353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.55pt\">of the above, Iveco Group did not recognise any specific provision in relation to this case.</span></div><div class=\"ps516 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Commitments and guarantees</span></div><div class=\"ps1248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Iveco Group provided guarantees on the debt or commitments of third parties and performance guarantees, mainly in the interest of an associate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">providing financing solutions to customers, and of a joint venture related to commercial commitments of defense vehicles, for the total amount of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps3354 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:12.3pt\">563</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:44.16pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps20872\" style=\"width:12.3pt\">490</span><span class=\"f charStyle-24b91321 ps8873\" style=\"width:33.91pt\"> million at </span><span class=\"f charStyle-24b91321 ps4047\" style=\"width:63.2pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20873\" style=\"width:16.9pt\"> and </span><span class=\"f charStyle-24b91321 ps20874\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18160\" style=\"width:45.32pt\">, respectively.</span><span class=\"f charStyle-24b91321 ps20875\" style=\"width:227.49pt\"> At 31 December 2025, this amount included guarantees provided on</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps3355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:208.15pt\">commitments of a joint venture of Discontinued Operations for \u20ac</span><span class=\"f charStyle-24b91321 ps20876\" style=\"width:12.3pt\">326</span><span class=\"f charStyle-24b91321 ps20877\" style=\"width:24.96pt\"> million.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-644": {
   "value": "<div class=\"ps7726 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">27. Commitments and contingencies </span></div><div class=\"ps7728 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">As a global company with a diverse business portfolio, Iveco Group in the ordinary course of business is exposed to numerous legal risks,</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps7597 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">including, without limitation, dealers and suppliers litigation, intellectual property rights disputes, product warranty and defective product claims,</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20865 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">product performance liability, asbestos, personal injury, regulatory and contractual issues, competition law, anti-corruption and other<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20866 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:261.77pt\">investigations, environmental claims. All significant matters are described below.</span></div><div class=\"ps3238 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The outcome of any current or future proceedings, claims, or investigations cannot be predicted with certainty. Adverse decisions in some of</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps20867 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">these proceedings, claims or investigations could require Iveco Group to pay substantial damages or fines or undertake service actions, recall</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps20868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.88pt\">campaigns or other costly actions. It is therefore possible that legal judgments could give rise to expenses that are not covered, or not fully</span><span class=\"f charStyle-24b91321 ps628\" style=\"width:2.05pt\"> </span></div><div class=\"ps20869 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:348.32pt\">covered, by insurers\u2019 compensation payments and could affect Iveco Group\u2019s financial position and results.</span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">When it is probable that an outflow of resources embodying economic benefits will be required to settle obligations and this amount can be</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">reliably estimated, Iveco Group recognises specific provisions for this purpose. Contingent liabilities estimated by the Group, for which no</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.58pt\">provisions have been recognised since an outflow of resources is not considered probable at the present time, were not material at </span><span class=\"f charStyle-24b91321 ps8730\" style=\"width:44.43pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps8731\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps8732\" style=\"width:2.05pt\">.</span><span class=\"f charStyle-24b91321 ps20870\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Although the ultimate outcome of legal matters pending against Iveco Group cannot be predicted, Iveco Group believes the reasonable possible</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">range of losses for these unresolved legal matters in addition to the amounts accrued would not have a material effect on its Consolidated<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:171.69pt\">Financial Statements, except for the following cases.</span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Other litigation and investigation</span></div><div class=\"ps542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:91.97pt\">Follow on Damages Claims</span><span class=\"f charStyle-24b91321 ps8736\" style=\"width:384.09pt\">: in 2011 Iveco S.p.A. and Iveco Magirus AG (now Iveco Deutschland AG, and together with Iveco S.p.A. \"Iveco\"),</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps543 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">which, following the Demerger, are now part of Iveco Group N.V., and their competitors in the European Union were subject to an investigation by</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps544 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">the European Commission (the \u201cCommission\u201d) into certain business practices in the European Union in the period 1997-2011, in relation to</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Medium &amp; Heavy trucks. On 19 July 2016, the Commission announced a settlement with CNH Industrial (\"the Decision\") including a settlement</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">with Iveco. In particular, Iveco received a reduction in its fine for cooperating with the European Commission throughout the investigation, and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1273 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">received a fine of \u20ac494.6 million. Similar decisions were taken, by the Commission, with reference to the other competitors. Following the</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps3249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Decision, Iveco S.p.A. and Iveco Magirus AG (now Iveco Deutschland AG) have been named as defendants in many proceedings across Europe</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">and Israel. These damage claims could result in substantial liabilities for the Group as well as incurring in significant defense costs, which may</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">have a material adverse effect on its operations and financial condition. The extent and outcome of these claims cannot be reliably predicted at</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1382 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:304.1pt\">this time and, therefore, the Group did not recognise any specific provision for these claims. </span><span class=\"f charStyle-24b91321 ps8737\" style=\"width:2.05pt\">I</span><span class=\"f charStyle-24b91321 ps20871\" style=\"width:169.91pt\">n 2025 and 2024, Iveco Group recognised a cost of<span id=\"i105f6fa40f1d485db6da9102f83b4fbe_3710\"></span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1386 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:150.85pt\">\u20ac80 million and \u20ac20 million, respectively, relat</span><span class=\"f charStyle-24b91321 ps16393\" style=\"width:245.27pt\">ed to certain claims for which it was possible to make a reliable estimate. </span><span class=\"f charStyle-24b91321 ps8738\" style=\"width:79.91pt\">This current position will</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1387 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:401.43pt\">be reassessed on a regular basis and updated as necessary, based on cases' evolution. In accordance with IAS 37 \u2013 </span><span class=\"f charStyle-50993fa8 ps8739\" style=\"width:74.63pt\">Provisions, Contingent</span><span class=\"f charStyle-50993fa8 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps4258 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-50993fa8 ps18\" style=\"width:108.58pt\">Liabilities and Contingent Assets </span><span class=\"f charStyle-24b91321 ps8740\" style=\"width:304.84pt\">(paragraph 92), no further information is disclosed so as not to prejudice the Group\u2019s position.</span></div><div class=\"ps1389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:74.18pt\">FPT Emissions Claims</span><span class=\"f charStyle-24b91321 ps8741\" style=\"width:401.77pt\">: We are defending individual civil claims alleging emissions' non-compliance in Germany and Austria. We cannot predict at</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps1390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:431.88pt\">this time the extent and outcome of these individual claims and therefore we did not recognise any specific provision in such relation.</span></div><div class=\"ps4195 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:92.36pt\">Iveco Poland Antitrust Case</span><span class=\"f charStyle-24b91321 ps8742\" style=\"width:383.64pt\">: in August 2024, the President of the Office of Competition and Consumer Protection of Poland (\u201cUOKIK\u201d) issued a</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">decision regarding alleged violations of competition law by Iveco Poland Sp. z o.o. (\u201cIPL\u201d), a subsidiary of Iveco Group N.V., and its distributors in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">the local truck market, envisaging a fine of PLN 155 million (approximately \u20ac37 million as of 31 December 2025). The UOKIK decision was served</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps1395 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">on IPL in September 2024. Iveco Group disagrees with the allegations and findings presented by the UOKIK and intends to defend its case in</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">every possible instance and the decision of UOKIK is not yet final or binding. As a consequence, in October 2024, IPL has appealed the UOKIK</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps1397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">decision before the Polish First Instance court (the \u201cCourt\u201d) and, as of the date of the present document, the proceedings are pending. Only a final</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps3352 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.87pt\">judgment of the Court will determine whether a breach of competition law took place and the amount of the fine, if any, that should be paid. In light</span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> </span></div><div class=\"ps3353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.55pt\">of the above, Iveco Group did not recognise any specific provision in relation to this case.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-646": {
   "value": "<div class=\"ps516 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Commitments and guarantees</span></div><div class=\"ps1248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.08pt\">Iveco Group provided guarantees on the debt or commitments of third parties and performance guarantees, mainly in the interest of an associate<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps1249 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">providing financing solutions to customers, and of a joint venture related to commercial commitments of defense vehicles, for the total amount of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps3354 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:12.3pt\">563</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:44.16pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps20872\" style=\"width:12.3pt\">490</span><span class=\"f charStyle-24b91321 ps8873\" style=\"width:33.91pt\"> million at </span><span class=\"f charStyle-24b91321 ps4047\" style=\"width:63.2pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20873\" style=\"width:16.9pt\"> and </span><span class=\"f charStyle-24b91321 ps20874\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18160\" style=\"width:45.32pt\">, respectively.</span><span class=\"f charStyle-24b91321 ps20875\" style=\"width:227.49pt\"> At 31 December 2025, this amount included guarantees provided on</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps3355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:208.15pt\">commitments of a joint venture of Discontinued Operations for \u20ac</span><span class=\"f charStyle-24b91321 ps20876\" style=\"width:12.3pt\">326</span><span class=\"f charStyle-24b91321 ps20877\" style=\"width:24.96pt\"> million.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-647": {
   "value": "<div class=\"ps6264 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">28. Segment reporting </span></div><div class=\"ps1253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The segment information disclosed in these Consolidated Financial Statements reflects the identifiable reporting segments of the Company and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the financial information that the Chief Operating Decision Maker (CODM) reviews to assess performance and make decisions about resource</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.66pt\">allocation. The segments are organised based on products and services provided by Iveco Group.</span></div><div class=\"ps7532 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:165.97pt\">Iveco Group has the following operating segments:</span></div><div class=\"ps8390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-deb5fde0 ps671\" style=\"width:20.06pt\">Truck<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1451\" style=\"width:448.85pt\"> designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps20878 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:79.1pt\">under the IVECO brand;<span class=\"f ps13\"> </span></span></div><div class=\"ps529 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-deb5fde0 ps671\" style=\"width:13.92pt\">Bus<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1454\" style=\"width:443.41pt\"> designs, manufactures and distributes minibuses, city-buses, intercity buses and coaches under the IVECO BUS and HEULIEZ brands;<span class=\"f ps13\"> </span></span></div><div class=\"ps530 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-deb5fde0 ps671\" style=\"width:38.08pt\">Powertrain<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1456\" style=\"width:430.8pt\"> designs, manufactures and distributes, under the FPT Industrial brand, a range of combustion engines, alternative propulsion<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps531 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:402.78pt\">systems, transmission systems and axles for on- and off-road applications, as well as for marine and power generation; and<span class=\"f ps13\"> </span></span></div><div class=\"ps5490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-deb5fde0 ps671\" style=\"width:65.07pt\">Financial Services<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps8460\" style=\"width:403.89pt\"> offers a range of financial products and services to dealers and customers. Financial Services provides and administers<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps5491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">retail financing to customers for the purchase or lease of new and used vehicles sold by brand dealers and distributors of the Group or directly<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.96pt\">by subsidiaries of the Group. In addition, Financial Services provides wholesale financing to brand dealers and distributors of the Group.<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.83pt\">Wholesale financing consists primarily of floor plan financing and allows the dealers to purchase and maintain a representative inventory of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps735\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps538 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">products. Financial Services also provides discounting of non-dealer trade receivables from legal entities of the Group. Additionally, Financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6215 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.92pt\">Services grants support to CNH Group (CNH), by providing financial services for its European brands, dealers and customers under a vendor<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:212.67pt\">and service agreement, receiving a fee for the services rendered.<span class=\"f ps13\"> </span></span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:290.59pt\">Furthermore, at 31 December 2025, Iveco Group still controls Defence business which<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps8461\" style=\"width:33.14pt\"> designs, <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps8462\" style=\"width:152.26pt\">manufactures and distributes vehicles for civil<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">defense and civil protection under the IDV brand, and vocational heavy-duty trucks for heavy haulage and off-road missions under the ASTRA<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:286.79pt\">brand. Defence business is classified as Discontinued Operations in this Annual Report<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps9555\" style=\"width:86.11pt\">, as previously described. </span><span class=\"f charStyle-24b91321 ps20879\" style=\"width:103.12pt\">The activities carried out by the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">Truck, Bus, Defence and Powertrain Business Units, as well as by the holding company Iveco Group N.V. and the Defence Business Unit</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:294.12pt\">(classified as Discontinued Operations) are collectively referred to as \u201cIndustrial Activities\u201d.</span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Revenues for each reported segment are those directly generated by or attributable to the segment as a result of its business activities and</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">include revenues from transactions with third parties as well as those deriving from transactions with other segments, recognised at normal</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps487 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">market prices. Segment expenses represent expenses deriving from each segment's business activities both with third parties and other operating<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">segments or which may otherwise be directly attributable to it. Expenses deriving from business activities with other segments are recognised at</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps1269 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:70.86pt\">normal market prices.<span class=\"f ps13\"> </span></span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">The CODM assesses the segment performance and makes decisions about resource allocation based upon Adjusted EBIT, which is deemed to</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps491 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">more fully reflect Industrial Activities and Financial Services segments' profitability. Adjusted EBIT is defined as EBIT before restructuring costs</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps492 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">and non-recurring items. In particular, non-recurring items are specifically disclosed items that management considers rare or discrete events that</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps494 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">are infrequent in nature and not reflective of on-going operational activities. Management believes Adjusted EBIT is useful because it excludes</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps4563 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">items that management believes are not indicative of Iveco Group\u2019s underlying operating performance between periods. Management also</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2802 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">believes that Adjusted EBIT is useful for investors and analysts to better understand how the CODM assesses Iveco Group\u2019s underlying operating</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2804 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">performance on a consistent basis. Accordingly, Iveco Group believes that Adjusted EBIT provides useful information to third party stakeholders</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps4564 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:170.88pt\">in understanding and evaluating Group\u2019s operations.</span></div><div class=\"ps2806 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:313.44pt\">The following table summarises Adjusted EBIT of Continuing Operations by reportable segment:</span></div><div class=\"ps19090 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:326.25pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1731\"><div><div class=\"ps8886 ss1730\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20881 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps20880\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss46\"><div><div class=\"ps313 ss40\"><span class=\"f charStyle-81df793a ps20880\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20882 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">325<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20883 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">560<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20884 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">144<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20885 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">140<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Powertrain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20886 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">224<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20887 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">221<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Unallocated items, eliminations and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20889 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20888\">(164)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20890 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20888\">(160)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-81df793a ps22\">Adjusted EBIT of Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20891 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">529<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20892 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">761<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20893 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">117<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20894 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Eliminations and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20895 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20896 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18372\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-81df793a ps22\">Total Adjusted EBIT<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20897 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">646<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20898 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">892<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20899 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:406.36pt\">A reconciliation from Adjusted EBIT of Continuing Operations to Profit/(loss) before taxes of Continuing Operations </span><span class=\"f charStyle-24b91321 ps7008\" style=\"width:69.74pt\">for the years ended</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps20900 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps10215\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps16819\" style=\"width:61.04pt\"> is provided below:</span></div><div class=\"ps20903 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:326.25pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1731\"><div><div class=\"ps8886 ss1730\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20881 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps20880\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss46\"><div><div class=\"ps313 ss40\"><span class=\"f charStyle-81df793a ps20880\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Adjusted EBIT of Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20882 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">529<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20883 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">761<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Adjusted EBIT of Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20884 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">117<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20885 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">131<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-81df793a ps22\">Adjusted EBIT<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20886 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">646<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20887 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">892<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Restructuring costs<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20889 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20901\">(10)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20890 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20901\">(24)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-3769e72f ps22\">Non-recurring items</span><span class=\"f charStyle-a5ada9bf ps20902\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20891 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20901\">(98)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20892 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20888\">(139)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Net financial income/(expenses)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20893 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20888\">(222)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20894 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps20888\">(192)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-81df793a ps22\">Profit/(loss) before taxes<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20895 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">316<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20896 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">537<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20904 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:476.09pt\">(1) In the year ended 31 December 2025, this item primarily includes \u20ac80 million costs related to certain claims arising from the EU Commission\u2019s 2016 antitrust settlement decision</span><span class=\"f charStyle-5ad4a1b7 ps350\" style=\"width:1.59pt\"> </span></div><div class=\"ps20905 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.92pt\">announced on 19 July 2016, \u20ac22 million transaction costs in connection with the Merger Agreement with Tata Motors, and \u20ac12 million gain from sale of GATE majority interest. In the</span><span class=\"f charStyle-5ad4a1b7 ps363\" style=\"width:1.59pt\"> </span></div><div class=\"ps20906 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:467.1pt\">year ended 31 December 2024, this item mainly included \u20ac96 million costs for actions related to EPA/CARB newly-introduced post-sale in field verification program on North America</span><span class=\"f charStyle-5ad4a1b7 ps352\" style=\"width:1.59pt\"> </span></div><div class=\"ps20907 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:466.96pt\">market, \u20ac20 million costs related to certain claims arising from the EU Commission\u2019s 2016 antitrust settlement decision announced on 19 July 2016, \u20ac20 million related to the</span><span class=\"f charStyle-5ad4a1b7 ps367\" style=\"width:1.59pt\"> </span></div><div class=\"ps20908 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps903\" style=\"width:382.71pt\">reorganisation of the Chinese operations, as well as \u20ac5 million separation costs related to the spin-off of the Iveco Group business from CNH Industrial.</span></div><div class=\"ps20910 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">Furthermore, for completeness of information, the following table provides the Adjusted EBIT of Defence business, classified as Discontinued</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps20911 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:38.11pt\">Operations:</span></div><div class=\"ps20916 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss61 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:329.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps2 ss816\"><div><div class=\"ps10077 ss815\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #dbdbdb;padding:0\"><div class=\"ps19174 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #dbdbdb;padding:0\"><div class=\"ps17932 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9818 ss816\"><div><div class=\"ps3931 ss815\"><span class=\"f charStyle-e7292d78 ps22\">Adjusted EBIT - Defence business</span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps20914 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18370\">158<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps20915 ss1477\"><div><div class=\"ps3931 ss1473\"><span class=\"f charStyle-81df793a ps18410\">91<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20917 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:381.86pt\">There are no segment assets or liabilities reported to the CODM for assessing performance and allocating resources.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Additional reportable segment information</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:147.12pt\">Net Revenues by reportable segment for the </span><span class=\"f charStyle-24b91321 ps20918\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20919\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps20920\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20921\" style=\"width:70.47pt\"> are provided in Note </span><span class=\"f charStyle-24b91321 ps20922\" style=\"width:4.1pt\">1</span><span class=\"f charStyle-24b91321 ps20923\" style=\"width:2.05pt\">.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:198.31pt\">Depreciation and amortisation by reportable segment for the </span><span class=\"f charStyle-24b91321 ps20924\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20925\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20926\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20927\" style=\"width:66.37pt\"> are provided below:<span class=\"f ps13\"> </span></span></div><div class=\"ps13701 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:326.25pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1731\"><div><div class=\"ps8886 ss1730\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20881 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps20880\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss46\"><div><div class=\"ps313 ss40\"><span class=\"f charStyle-81df793a ps20880\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20882 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">493<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20883 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Bus <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20884 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18412\">74<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20885 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18412\">51<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Powertrain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20886 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">160<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20887 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">164<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Unallocated items, eliminations and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20889 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20890 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Total Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20891 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">732<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20892 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">653<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20893 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20894 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Depreciation and amortisation</span><span class=\"f charStyle-9c51b8bc ps20928\"><sup>(*)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20895 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">736<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20896 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">657<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20930 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:252.73pt\">(*)\u00a0 Excluding depreciation of assets on operating lease and assets sold with buy-back commitment.</span><span class=\"f charStyle-5ad4a1b7 ps20929\" style=\"width:1.59pt\"> </span></div><div class=\"ps592 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:212.27pt\">Expenditures for long-lived assets by operating segments for the <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20931\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20932\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20933\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20934\" style=\"width:66.37pt\"> are provided below:</span></div><div class=\"ps20936 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:326.25pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1731\"><div><div class=\"ps8886 ss1730\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20881 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps20880\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss46\"><div><div class=\"ps313 ss40\"><span class=\"f charStyle-81df793a ps20880\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20882 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">493<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20883 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">609<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Bus<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20884 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">104<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20885 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">120<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Powertrain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20886 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">147<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20887 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">165<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Unallocated items, eliminations and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20889 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18412\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20890 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18412\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Total Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20891 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">772<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20892 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">907<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20893 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20894 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">7<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Expenditures for long-lived assets</span><span class=\"f charStyle-9c51b8bc ps20935\"><sup>(*)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20895 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">775<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20896 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">914<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20937 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:196.02pt\">(*) Excluding assets sold under buy-back commitments and operating leases.</span></div><div class=\"ps8595 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">29. Information by geographical area</span><span class=\"f charStyle-320874d1 ps20939\"> </span></div><div class=\"ps8596 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:362.48pt\">The Company has its principal office in Turin, Italy. Revenues earned in Italy from external customers were \u20ac</span><span class=\"f charStyle-24b91321 ps20940\" style=\"width:18.45pt\">2,711</span><span class=\"f charStyle-24b91321 ps20941\" style=\"width:44.91pt\"> million and \u20ac<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20942\" style=\"width:18.45pt\">2,499<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20943\" style=\"width:31.69pt\"> million in</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps8598 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:16.76pt\"> and </span><span class=\"f charStyle-24b91321 ps20944\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20945\" style=\"width:287.7pt\">, respectively. Revenues earned in the rest of the world from external customers were \u20ac</span><span class=\"f charStyle-24b91321 ps20946\" style=\"width:22.55pt\">10,717</span><span class=\"f charStyle-24b91321 ps20947\" style=\"width:43.95pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps20948\" style=\"width:22.55pt\">11,918</span><span class=\"f charStyle-24b91321 ps20949\" style=\"width:33.28pt\"> million in </span><span class=\"f charStyle-24b91321 ps20950\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps20951 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:14.35pt\">and </span><span class=\"f charStyle-24b91321 ps2051\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps10691\" style=\"width:404.4pt\">, respectively. The following table highlights revenues earned from external customers in the rest of the world by destination:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:322.5pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #ffffff;padding:0\"><div class=\"ps2 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps10172 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20718 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-81df793a ps20952\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20954 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">1,747<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19324 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20956\">1,890<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20957 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">1,358<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20719 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20956\">1,502<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20958 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">1,052<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20721 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20956\">1,196<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20959 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">965<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20723 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20956\">1,016<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-3769e72f ps22\">UK</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20960 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">508<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20725 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">688<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20962 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">504<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20727 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">428<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-016136ef ps22\">T\u00fcrkiye, Caucasus and South Central Asia Sub-region</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20963 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">446<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20729 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">441<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Poland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20964 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">410<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20731 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">497<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">South East and Japan Sub-region, excluding Pakistan<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20965 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">354<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20733 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">336<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Belgium<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20966 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">319<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20967 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">279<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps837 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20968 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">265<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20969 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">318<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps839 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20970 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">219<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20971 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">270<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps841 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Austria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20972 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">206<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20973 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">247<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps843 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Portugal<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20974 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">181<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20975 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">188<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps845 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Australia and New Zealand<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20976 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">162<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20977 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">159<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps847 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Romania<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20978 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">160<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20979 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps19855\">89<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps159 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">The Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20980 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">106<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20981 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20961\">298<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps850 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20982 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">33<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20983 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps19855\">55<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps852 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20984 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">1,722<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20985 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-bd419927 ps20956\">2,021<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps854 ss1733\"><div><div class=\"ps315 ss1732\"><span class=\"f charStyle-81df793a ps22\">Total revenues from external customers in the rest of the world<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20987 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20986\">10,717<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20989 ss674\"><div><div class=\"ps315 ss669\"><span class=\"f charStyle-81df793a ps20988\">11,918<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps20990 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17650\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps17651\" style=\"width:343.84pt\">, no single external customer of Iveco Group accounted for 10 per cent or more of consolidated revenues.</span></div><div class=\"ps19539 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:420.97pt\">Total non-current assets located in Italy, excluding financial assets, deferred tax assets and defined benefit assets, were \u20ac</span><span class=\"f charStyle-24b91321 ps20991\" style=\"width:18.45pt\">2,551</span><span class=\"f charStyle-24b91321 ps20992\" style=\"width:36.59pt\">million and</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps21000 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:18.45pt\">2,564</span><span class=\"f charStyle-24b91321 ps11328\" style=\"width:2.47pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps20993\" style=\"width:31.95pt\">million at </span><span class=\"f charStyle-24b91321 ps4103\" style=\"width:63.54pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20994\" style=\"width:17.24pt\"> and </span><span class=\"f charStyle-24b91321 ps20995\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps20996\" style=\"width:265.32pt\">, respectively, and the total of such assets located in the rest of the world was \u20ac</span><span class=\"f charStyle-24b91321 ps20997\" style=\"width:18.45pt\">2,872</span><span class=\"f charStyle-24b91321 ps20998\" style=\"width:2.47pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps20999\" style=\"width:35.63pt\">million and</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps21003 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:18.45pt\">2,935<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps11328\" style=\"width:2.63pt\">\u00a0</span><span class=\"f charStyle-24b91321 ps8866\" style=\"width:32.27pt\">million at </span><span class=\"f charStyle-24b91321 ps21001\" style=\"width:63.86pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21002\" style=\"width:17.56pt\"> and </span><span class=\"f charStyle-24b91321 ps10149\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps10150\" style=\"width:320.75pt\">, respectively. The following highlights non-current assets by geographical area in the rest of the</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps21004 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:19.65pt\">world:</span></div><div class=\"ps21032 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:306pt\"></td><td style=\"padding:0;width:81pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:83.25pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1735\"><div><div class=\"ps8886 ss1734\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21005 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-81df793a ps17638\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps3166 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-81df793a ps21006\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1735\"><div><div class=\"ps315 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21007 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15404\">789<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3174 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps21008\">754<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1735\"><div><div class=\"ps315 ss1734\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21009 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15404\">676<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20212 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps21008\">653<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1735\"><div><div class=\"ps315 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21010 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15404\">486<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21011 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps21008\">530<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1735\"><div><div class=\"ps961 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21012 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15404\">136<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21013 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps21008\">150<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1735\"><div><div class=\"ps315 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21014 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15395\">81<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21015 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps12455\">67<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1735\"><div><div class=\"ps961 ss1734\"><span class=\"f charStyle-bd419927 ps22\">China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21016 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15395\">48<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21017 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps12455\">64<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1735\"><div><div class=\"ps961 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Portugal<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21018 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15395\">46<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21019 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps12455\">41<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps831 ss1735\"><div><div class=\"ps961 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Belgium<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21020 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15395\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21021 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps12455\">31<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps833 ss1735\"><div><div class=\"ps961 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21022 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15395\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21023 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps12455\">14<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps835 ss1736\"><div><div class=\"ps301 ss1734\"><span class=\"f charStyle-3769e72f ps22\">UK</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21024 ss1737\"><div><div class=\"ps2201 ss998\"><span class=\"f charStyle-bd419927 ps19044\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21026 ss1738\"><div><div class=\"ps2201 ss292\"><span class=\"f charStyle-bd419927 ps12455\">50<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps329 ss1735\"><div><div class=\"ps315 ss1734\"><span class=\"f charStyle-bd419927 ps22\">Other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21027 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-bd419927 ps15404\">550<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21028 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-bd419927 ps21008\">581<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps331 ss1735\"><div><div class=\"ps315 ss1734\"><span class=\"f charStyle-81df793a ps22\">Total non-current assets in the rest of the world<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21029 ss1000\"><div><div class=\"ps315 ss998\"><span class=\"f charStyle-81df793a ps15392\">2,872<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21031 ss293\"><div><div class=\"ps315 ss292\"><span class=\"f charStyle-81df793a ps21030\">2,935<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-648": {
   "value": "<div class=\"ps6264 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">28. Segment reporting </span></div><div class=\"ps1253 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">The segment information disclosed in these Consolidated Financial Statements reflects the identifiable reporting segments of the Company and<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps6265 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the financial information that the Chief Operating Decision Maker (CODM) reviews to assess performance and make decisions about resource</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps6208 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:319.66pt\">allocation. The segments are organised based on products and services provided by Iveco Group.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-649": {
   "value": "<div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:198.31pt\">Depreciation and amortisation by reportable segment for the </span><span class=\"f charStyle-24b91321 ps20924\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps20925\" style=\"width:16.4pt\"> and <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20926\" style=\"width:16.4pt\">2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20927\" style=\"width:66.37pt\"> are provided below:<span class=\"f ps13\"> </span></span></div><div class=\"ps13701 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:326.25pt\"></td><td style=\"padding:0;width:72pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1731\"><div><div class=\"ps8886 ss1730\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20881 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps20880\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps19939 ss46\"><div><div class=\"ps313 ss40\"><span class=\"f charStyle-81df793a ps20880\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Truck<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20882 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">493<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20883 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">435<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Bus <span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20884 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18412\">74<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20885 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18412\">51<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Powertrain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20886 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">160<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20887 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">164<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Unallocated items, eliminations and other<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20889 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20890 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps825 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Total Industrial Activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20891 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">732<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20892 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18368\">653<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps827 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-bd419927 ps22\">Financial Services<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20893 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">4<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20894 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-bd419927 ps18364\">4<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps829 ss1731\"><div><div class=\"ps961 ss1730\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Depreciation and amortisation</span><span class=\"f charStyle-9c51b8bc ps20928\"><sup>(*)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20895 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">736<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20896 ss46\"><div><div class=\"ps961 ss40\"><span class=\"f charStyle-81df793a ps18368\">657<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:252.73pt\">(*)\u00a0 Excluding depreciation of assets on operating lease and assets sold with buy-back commitment.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-650": {
   "value": "<div class=\"ps3137 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Market risk</span></div><div class=\"ps1175 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440.04pt\">We operate in numerous markets worldwide and are exposed to market risks stemming from fluctuations in currency and interest rates.<span class=\"f ps13\"> </span></span></div><div class=\"ps1176 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The exposure to foreign currency risk arises both in connection with the geographical distribution of our industrial activities compared to the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps3329 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:393.32pt\">markets in which we sell our products, and in relation to the use of external borrowing denominated in foreign currencies.</span></div><div class=\"ps3144 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The exposure to interest rate risk arises from the need to fund industrial and financial operating activities and the necessity to deploy surplus</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps3332 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">funds. Changes in market interest rates may have the effect of either increasing or decreasing our profit/(loss), thereby indirectly affecting the</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps16535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:185.65pt\">costs and returns of financing and investing transactions.</span></div><div class=\"ps3148 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">We regularly assess our exposure to foreign currency and interest rate risk and manage those risks through the use of derivative financial<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3151 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.5pt\">instruments in accordance with our established risk management policies.</span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">Our policy permits derivatives to be used only for managing the exposure to fluctuations in exchange and interest rates connected with future</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps622 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:229.07pt\">cash flows and assets and liabilities, and not for speculative purposes.</span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:299.1pt\">We utilise derivative financial instruments designated as fair value hedges, mainly to hedge:</span></div><div class=\"ps16567 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20510\" style=\"width:240.91pt\">the currency risk on financial instruments denominated in foreign currency</span></div><div class=\"ps21076 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps20510\" style=\"width:181.51pt\">the interest rate risk on fixed rate loans and borrowings.</span></div><div class=\"ps3542 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">The instruments used for these hedges are mainly currency swaps, forward contracts, interest rate swaps and combined interest rate and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1301 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:99.55pt\">currency financial instruments.</span></div><div class=\"ps3548 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:312.22pt\">We use derivative financial instruments as cash flow hedges for the purpose of pre-determining:</span></div><div class=\"ps5009 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:350.77pt\">the exchange rate at which forecasted transactions denominated in foreign currencies will be accounted for;</span></div><div class=\"ps16556 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:466.98pt\">the interest paid on borrowings, both to match the fixed interest received on loans (customer financing activity), and to achieve a pre-defined</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps3551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps903\" style=\"width:184.39pt\">mix of floating versus fixed rate funding structured loans.</span></div><div class=\"ps3552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The exchange rate exposure on forecasted commercial flows is hedged by currency swaps, forward contracts and currency options. Interest rate</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps21077 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:337.24pt\">exposures are usually hedged by interest rate swaps and, in limited cases, by forward rate agreements.</span></div><div class=\"ps21078 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:258.94pt\">Counterparties to these agreements are major and diverse financial institutions.<span class=\"f ps13\"> </span></span></div><div class=\"ps4154 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:389.46pt\">Information on the fair value of derivative financial instruments held at the balance sheet date is provided in Note </span><span class=\"f charStyle-24b91321 ps21079\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps21080\" style=\"width:78.31pt\"> \u201cDerivative assets and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps21081 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:67.13pt\">Derivative liabilities\u201d.</span></div><div><div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Currency risk</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:379.89pt\">We are exposed to risk resulting from changes in exchange rates, which can affect our earnings and invested equity.</span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Where one of our subsidiaries incurs costs in a currency different from that of its revenues, any change in exchange rates can affect the profit/</span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:89.23pt\">(loss) of that company. In </span><span class=\"f charStyle-24b91321 ps21082\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21083\" style=\"width:370.46pt\"> the total net trade flows exposed to currency risk amounted to the equivalent of 11% of our revenue (14% in</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:4.5pt\">).<span class=\"f ps13\"> </span></span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:235.6pt\">The principal exchange rates to which we are exposed are the following:</span></div><div class=\"ps1056 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:204.45pt\">EUR/GBP, predominately in relation to sales on the UK market</span></div><div class=\"ps2850 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:224.48pt\">EUR/BRL, predominately in relation to import on the Brazilian market</span></div><div class=\"ps2890 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:217.53pt\">EUR/TRY, predominately in relation to sales on the T\u00fcrkiye market</span></div><div class=\"ps2891 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:213.04pt\">EUR/PLN, predominately in relation to sales on the Polish market</span></div><div class=\"ps8608 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:258.11pt\">EUR/CZK, predominately in relation to the production of Bus in Czech Republic</span></div><div class=\"ps3523 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-29a3054c ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps903\" style=\"width:157.74pt\">ARS/USD, in relation to purchases from Europe.</span></div><div class=\"ps7024 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:287.88pt\">Trade flows already hedged and not exposed to changes in these exchange rates in </span><span class=\"f charStyle-24b91321 ps21084\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21085\" style=\"width:130.59pt\"> made up approximately 64% (74% in </span><span class=\"f charStyle-24b91321 ps21086\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21087\" style=\"width:24.67pt\">) of the</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps6994 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:161.85pt\">exposure to currency risk from trade transactions.</span></div><div class=\"ps5476 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">It is the Group\u2019s policy to use derivative financial instruments to hedge a pre-determined percentage, on average between 55% and 85%, of the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">forecasted trading transaction exchange risk exposure for the coming 12 months with additional flexibility to reach 0% or 100% (including risk</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:415.89pt\">beyond that date where it is believed to be appropriate) and to hedge completely the exposure resulting from firm commitments.</span></div><div class=\"ps1575 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">Group\u2019s subsidiaries may hold trade receivables or payables denominated in a currency different from the subsidiary\u2019s functional currency. In</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2896 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.93pt\">addition, in a limited number of cases, subsidiaries may obtain financing or use funds in a currency different from their functional currency.</span><span class=\"f charStyle-24b91321 ps439\" style=\"width:2.05pt\"> </span></div><div class=\"ps3325 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">Changes in exchange rates may result in exchange gains or losses arising from these situations. It is our policy to hedge fully, whenever possible,</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">the exposure resulting from receivables, payables and securities denominated in foreign currencies different from the subsidiary\u2019s functional</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:30.32pt\">currency.</span></div><div class=\"ps8466 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">Group\u2019s subsidiaries may have functional currency different from the euro, which is the Group presentation currency. The income statements of</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps1173 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">those subsidiaries are converted into euros using the average exchange rate for the period, and while revenues and margins are unchanged in</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:462.31pt\">local currency, changes in exchange rates may lead to effects on the converted balances of revenues, costs and the results reported in euros.</span></div><div class=\"ps2858 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.91pt\">The assets and liabilities of consolidated companies whose functional currency is different from the euro may acquire converted values in euros</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">which differ as a function of the fluctuation in exchange rates. The effects of these changes are recognised directly in the Cumulative Translation</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps2861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:240.93pt\">Adjustments reserve, included in Other comprehensive income (see Note </span><span class=\"f charStyle-24b91321 ps21088\" style=\"width:8.2pt\">21</span><span class=\"f charStyle-24b91321 ps21089\" style=\"width:4.5pt\">).</span></div><div class=\"ps5480 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:387.5pt\">We monitor our principal exposure to translation exchange risk, although there was no specific hedging in place at </span><span class=\"f charStyle-24b91321 ps21090\" style=\"width:64.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21091\" style=\"width:24.14pt\">. There</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps2863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:103.27pt\">were no substantial changes in </span><span class=\"f charStyle-24b91321 ps21092\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21093\" style=\"width:261pt\"> in the nature or structure of exposure to currency risk or in our hedging policies.</span></div><div class=\"ps6234 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps6235 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The potential loss in fair value of derivative financial instruments held for currency risk management (currency swaps/forwards, currency options,</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8653 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:129.98pt\">interest rate and currency swaps) at </span><span class=\"f charStyle-24b91321 ps21094\" style=\"width:66.28pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps9574\" style=\"width:279.83pt\"> resulting from a hypothetical change of 10% in the exchange rates amounts to</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8654 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:143.28pt\">approximately \u20ac193 million (\u20ac267 million at </span><span class=\"f charStyle-24b91321 ps21095\" style=\"width:63.36pt\">31\u00a0December 2024<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21096\" style=\"width:269.45pt\">). The valuation model for currency options assumes that market volatility at year-</span></div><div class=\"ps8655 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:81.15pt\">end remains unchanged.</span></div><div class=\"ps8617 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The underlying transactions (consisting of receivables, payables, and future trade flows) for which we put in place, as hedging transactions, the</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps8618 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">derivative financial instruments analysed in the above mentioned sensitivity analysis, were not considered. It is reasonable to assume that</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps8619 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:474.6pt\">changes in exchange rates will produce the opposite effect, of an equal or greater amount, on the underlying transactions that have been hedged.</span></div><div class=\"ps5550 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Interest rate risk</span></div><div class=\"ps5551 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.89pt\">Our Industrial Activities make use of external funds obtained in the form of financing and invest in monetary and financial market instruments. In</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps5552 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">addition, we sell receivables. Changes in market interest rates can affect the cost of financing, including the sale of receivables, or the return on</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps5553 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:304.5pt\">investments of funds, causing an impact on the level of net financial expenses incurred by us.</span></div><div class=\"ps1428 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.06pt\">In addition, Financial Services provides loans (mainly to customers and dealers), financing themselves primarily using various forms of external</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps1429 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">borrowings or asset-backed financing (e.g., securitisation of receivables). Where the characteristics of the variability of the interest rate applied to</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps12703 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">loans granted differ from those of the variability of the cost of the financing/funding obtained, changes in the current level of interest rates can</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps12704 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:71.28pt\">affect our profit/(loss).</span></div><div class=\"ps1434 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:458.05pt\">In order to mitigate these risks, we use interest rate derivative financial instruments, mainly interest rate swaps and forward rate agreements.</span></div><div class=\"ps21097 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps21098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">In assessing the potential impact of changes in interest rates, we separate fixed rate financial instruments (for which the impact is assessed in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps21099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:375.67pt\">terms of fair value) from floating rate financial instruments (for which the impact is assessed in terms of cash flows).</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.17pt\">The fixed rate financial instruments used by us consist of retail receivables, debt, asset-backed securitisations, and other instruments.</span></div><div class=\"ps1368 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">The potential loss in fair value of fixed rate financial instruments (including the effect of interest rate derivative financial instruments) held at</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps1369 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:64.8pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21100\" style=\"width:411.27pt\">, resulting from a hypothetical, unfavourable and instantaneous change of 10%\u00a0in market interest rates, would have been</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:124.9pt\">approximately \u20ac6 million (\u20ac4 million at </span><span class=\"f charStyle-24b91321 ps21101\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21102\" style=\"width:4.5pt\">).</span></div><div class=\"ps1211 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Floating rate financial instruments consist principally of cash and cash equivalents, wholesale receivables, debt, and asset-backed securitisations.</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1212 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">The effect of the sale of receivables is also considered in the sensitivity analysis as well as the effect of hedging derivative instruments. This</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps1372 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">analysis doesn\u2019t include cash and cash equivalent from hyperinflationary countries which could have distorting effects on the results of the</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:280.29pt\">analysis and the change in fair value of foreign exchange rate derivatives instruments.</span><span class=\"f charStyle-24b91321 ps21103\" style=\"width:2.05pt\"> </span></div><div class=\"ps1216 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:198.58pt\">A hypothetical change of 10% in short-term interest rates at </span><span class=\"f charStyle-24b91321 ps21104\" style=\"width:63.24pt\">31\u00a0December 2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21105\" style=\"width:214.24pt\">, applied to floating rate financial assets and liabilities, operations</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps3246 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">for the sale of receivables and derivative financial instruments, would have caused increased net expenses before taxes, on an annual basis, of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3248 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:124.9pt\">approximately \u20ac7 million (\u20ac8 million at </span><span class=\"f charStyle-24b91321 ps21101\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21102\" style=\"width:4.5pt\">).</span></div><div class=\"ps545 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">This analysis is based on the assumption that there is a hypothetical change of 10% in interest rates across homogeneous categories. A</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps1272 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:400.35pt\">homogeneous category is defined on the basis of the currency in which the financial assets and liabilities are denominated.</span></div><div class=\"ps1534 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-ffd11920 ps18\">Other risks on derivative financial instrument</span><span class=\"f charStyle-94965b2e ps21106\">s</span></div><div class=\"ps1535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:395.02pt\">We have entered limited derivative contracts linked to commodity prices to hedge specific exposures on supply contracts.</span></div><div class=\"ps7097 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-50993fa8 ps18\">Sensitivity analysis</span></div><div class=\"ps7098 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">In the event of a hypothetical change of 10% in the underlying raw materials prices, the potential loss in fair value of outstanding derivative</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7099 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:77.43pt\">financial instruments at </span><span class=\"f charStyle-24b91321 ps4071\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21107\" style=\"width:253.63pt\"> linked to commodity prices would not have been significant (not significant at </span><span class=\"f charStyle-24b91321 ps21108\" style=\"width:62.7pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21109\" style=\"width:4.5pt\">).</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-651": {
   "value": "<div class=\"ps2813 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Assets and liabilities measured at fair value on a recurring basis</span></div><div class=\"ps2814 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The following table presents, for each of the fair value hierarchy levels, the assets and liabilities that are measured at fair value on a recurring</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps8614 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:27.46pt\">basis at </span><span class=\"f charStyle-24b91321 ps21110\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21111\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21112\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21113\" style=\"width:2.05pt\">:</span></div><div class=\"ps21151 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:185.25pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21115 ss1532\"><div><div class=\"ps315 ss1531\"><span class=\"f charStyle-81df793a ps21114\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1579\"><div><div class=\"ps8886 ss553\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20383 ss1552\"><div><div class=\"ps15529 ss123\"><span class=\"f charStyle-04d636da ps14659\">Note<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21117 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21118 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21119 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21120\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1746\"><div><div class=\"ps9321 ss553\"><span class=\"f charStyle-bd419927 ps22\">Equity investments measured at fair value through other <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss553\"><span class=\"f charStyle-bd419927 ps22\">comprehensive income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21122 ss1536\"><div><div class=\"ps15197 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21124 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21125 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21127 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">9<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18467 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13567 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21128 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21129 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21130 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21131 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21132 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8270 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21133 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21134 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21135 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21136 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21137 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">14<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10729 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21138 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21139 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21140 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21141 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">26<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1612 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21142 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21143 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21144 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21145 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21146 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21147 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21148 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21149 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21150 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">21<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21153 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:185.25pt\"></td><td style=\"padding:0;width:29.25pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td><td style=\"padding:0;width:9pt\"></td><td style=\"padding:0;width:58.5pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td colspan=\"7\" style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21115 ss1532\"><div><div class=\"ps315 ss1531\"><span class=\"f charStyle-81df793a ps21114\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1579\"><div><div class=\"ps8886 ss553\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20383 ss1552\"><div><div class=\"ps15529 ss123\"><span class=\"f charStyle-04d636da ps14659\">Note<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21117 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21118 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 2<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21119 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21116\">Level 3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18461 ss1500\"><div><div class=\"ps315 ss1499\"><span class=\"f charStyle-81df793a ps21120\">Total<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1746\"><div><div class=\"ps9321 ss553\"><span class=\"f charStyle-bd419927 ps22\">Equity investments measured at fair value through other <span class=\"f ps13\"> </span></span></div><div class=\"ps9322 ss553\"><span class=\"f charStyle-bd419927 ps22\">comprehensive income</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21122 ss1536\"><div><div class=\"ps15197 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21124 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21125 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21127 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">10<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18467 ss1747\"><div><div class=\"ps9141 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">10<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps13567 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Other investments<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21128 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(14)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21129 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21130 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21131 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21132 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21126\">3<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8270 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21133 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21134 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21135 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21136 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21137 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">23<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10729 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21138 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21139 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">23<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21140 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21141 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">36<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps1612 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-bd419927 ps22\">Derivative liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21142 ss1552\"><div><div class=\"ps14309 ss123\"><span class=\"f charStyle-b52ff267 ps21121\">(18)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21143 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21144 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21145 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21146 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-bd419927 ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2469 ss1579\"><div><div class=\"ps315 ss553\"><span class=\"f charStyle-81df793a ps22\">Total Liabilities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21147 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21148 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21149 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps21123\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21150 ss1500\"><div><div class=\"ps961 ss1499\"><span class=\"f charStyle-81df793a ps18465\">61<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps535 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">The following table provides a reconciliation from the opening balance to the closing balance for fair value measurements categorised in Level 3</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps536 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:47.93pt\">of fair value in </span><span class=\"f charStyle-24b91321 ps21154\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21155\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21156\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21157\" style=\"width:2.05pt\">:</span></div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:333pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss570\"><div><div class=\"ps8886 ss568\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps8518 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6150\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps6157 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-81df793a ps22\">At 1 January<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21158 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">13<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6163 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-3769e72f ps22\">Other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21160 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps21159\">(1)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6168 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps21161\">(12)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-81df793a ps22\">At 31 December<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21162 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">12<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps6172 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-81df793a ps6164\">13<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps16353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">The fair value of equity investments categorised within Level 1 is determined by reference to their quoted market price at the reporting date. A</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21163 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">market is regarded as active if quoted prices are readily and regularly, and those prices represent actual and regularly occurring market</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps21165 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:123.75pt\">transactions on an arm\u2019s length basis.</span><span class=\"f charStyle-24b91321 ps21164\" style=\"width:2.05pt\"> </span></div><div class=\"ps21166 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">A description of the valuation techniques used to determine the fair value of derivative financial instruments, categorised within Level 2, is</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps21168 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:54.9pt\">included in Note </span><span class=\"f charStyle-24b91321 ps16359\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps21167\" style=\"width:144.16pt\"> \u201cDerivative assets and Derivative liabilities\u201d.</span></div><div class=\"ps21169 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">Instruments included in Level 3 comprised primarily equity investments for which there is no quoted market price in an active market and there is</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps21170 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:353.99pt\">insufficient financial information in order to determine fair value, and cost is used as an estimate of fair value.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-653": {
   "value": "<div class=\"ps5476 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">32. Related party transactions</span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:96.38pt\">In accordance with IAS 24 \u2013 <span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps21299\" style=\"width:85.64pt\">Related Party Disclosures</span><span class=\"f charStyle-24b91321 ps21300\" style=\"width:293.93pt\">, Iveco Group\u2019s related parties are companies and persons capable of exercising control,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:192.04pt\">joint control or significant influence over the Group. As of </span><span class=\"f charStyle-24b91321 ps21301\" style=\"width:63.74pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21302\" style=\"width:17.44pt\"> and </span><span class=\"f charStyle-24b91321 ps21303\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21304\" style=\"width:186.4pt\">, related parties included Iveco Group\u2019s parent company</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps6996 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:15.16pt\">Exor</span><span class=\"f charStyle-24b91321 ps21305\" style=\"width:16.74pt\"> N.V.</span><span class=\"f charStyle-24b91321 ps21306\" style=\"width:78.35pt\"> (which is controlled by </span><span class=\"f charStyle-24b91321 ps21307\" style=\"width:69.94pt\">Giovanni Agnelli B.V.</span><span class=\"f charStyle-24b91321 ps21308\" style=\"width:4.85pt\">) </span><span class=\"f charStyle-24b91321 ps21309\" style=\"width:290.97pt\">and its subsidiaries and affiliates, including CNH, Stellantis N.V. and its subsidiaries and</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">affiliates (Stellantis), and Iveco Group's unconsolidated subsidiaries, associates or joint ventures. In addition, the members of the Board of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440pt\">Directors and managers of Iveco Group with strategic responsibility and members of their families were also considered related parties.</span></div><div class=\"ps3326 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:20.8pt\">As of </span><span class=\"f charStyle-24b91321 ps21310\" style=\"width:64.64pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21311\" style=\"width:310.97pt\">, based on public information available and in reference to Company's files, Exor N.V. held </span><span class=\"f charStyle-24b91321 ps21312\" style=\"width:20.91pt\">42.5%</span><span class=\"f charStyle-24b91321 ps21313\" style=\"width:58.65pt\"> of Iveco Group\u2019s</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps5479 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">voting power and had the ability to significantly influence the decisions submitted to a vote of Iveco Group\u2019s shareholders, including approval of</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps1172 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">annual dividends, the election and removal of directors, mergers or other business combinations, the acquisition or disposition of assets, and</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps7000 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">issuances of equity and the incurrence of indebtedness. The percentage above has been calculated as the ratio of (i) the aggregate number of</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps4113 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">Common Shares and Special Voting Shares owned by Exor N.V. to (ii) the aggregate number of outstanding Common Shares and Special Voting</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps8394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:110.26pt\">Shares of Iveco Group N.V. as of </span><span class=\"f charStyle-24b91321 ps21314\" style=\"width:62.7pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps6517\" style=\"width:2.05pt\">.</span></div><div class=\"ps8404 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.05pt\">In addition, Iveco Group engages in transactions with its unconsolidated subsidiaries, joint ventures, associates and other related parties on</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps13165 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">commercial terms that are normal in the respective markets, considering the characteristics of the goods or services involved. The Company\u2019s</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1288 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:216.34pt\">Audit Committee reviews and evaluates related party transactions </span><span class=\"f charStyle-24b91321 ps21315\" style=\"width:210.23pt\">pursuant to the specific Policy posted on the Company\u2019s website</span><span class=\"f charStyle-24b91321 ps21316\" style=\"width:2.05pt\">.</span></div><div class=\"ps16563 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions with Exor N.V. and its subsidiaries and affiliates</span></div><div class=\"ps7029 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:273.32pt\">Iveco Group did not enter into any significant transactions with Exor\u00a0N.V. during the </span><span class=\"f charStyle-24b91321 ps21317\" style=\"width:105.33pt\">years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21318\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps17373\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21319\" style=\"width:2.05pt\">.</span></div><div class=\"ps619 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Transactions with CNH</span></div><div class=\"ps620 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.97pt\">Iveco Group and CNH entered into agreements, primarily of commercial nature, but also covering general administrative and specific technical</span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> </span></div><div class=\"ps621 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:182.71pt\">matters as well as services provided by CNH as follows:</span></div><div class=\"ps16565 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:88.01pt\">Master Service Agreement</span><span class=\"f charStyle-24b91321 ps21320\" style=\"width:388.06pt\">: in relation to lease of premises and several corporate services provided by Iveco Group to CNH or vice versa, Iveco</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1297 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Group and CNH entered into a Master Services Agreement (MSA) whereby each party (and its subsidiaries) may provide services to the other</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1298 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:226.55pt\">(and its subsidiaries), in substantial continuity with previous practices.</span></div><div class=\"ps1299 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:86.17pt\">Engine Supply Agreement</span><span class=\"f charStyle-24b91321 ps21321\" style=\"width:389.83pt\">: in relation to the design and supply of off-road engines from Iveco Group to CNH, Iveco Group and CNH entered into</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7033 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:462.61pt\">a ten-year Engine Supply Agreement (ESA) whereby Iveco Group sells to CNH diesel, CNG and LNG engines and provide post-sale services.</span><span class=\"f charStyle-24b91321 ps21322\" style=\"width:2.05pt\"> </span></div><div class=\"ps7034 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-42f13211 ps18\" style=\"width:97.62pt\">Financial Service Agreement</span><span class=\"f charStyle-24b91321 ps21323\" style=\"width:378.48pt\">: in relation to certain financial services activities carried out by either Iveco Group to CNH or vice versa, in</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps7036 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">connection with the execution of the Demerger Deed, Iveco Group and CNH entered into a three-year Master Services Agreement (FS MSA),</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps8406 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">renewed until 2027, whereby each party (and its subsidiaries) may provide services and/or financial services activities to the other (and its</span><span class=\"f charStyle-24b91321 ps395\" style=\"width:2.05pt\"> </span></div><div class=\"ps16568 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.95pt\">subsidiaries). Services provided under the FS MSA relate mainly to wholesale and retail financing activities to suppliers, distribution network and</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps3159 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:36.06pt\">customers.</span><span class=\"f charStyle-24b91321 ps6105\" style=\"width:2.05pt\"> </span></div><div class=\"ps16455 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:303.17pt\">The transactions with CNH are reflected in the Consolidated Financial Statements as follows:</span></div><div class=\"ps772 ss0\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:333pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:15pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1753\"><div><div class=\"ps18615 ss568\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps8518 ss1754\"><div><div class=\"ps313 ss418\"><span class=\"f charStyle-81df793a ps6150\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps6157 ss1754\"><div><div class=\"ps313 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps2328 ss570\"><div><div class=\"ps961 ss568\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21324 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">656<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21325 ss419\"><div><div class=\"ps961 ss418\"><span class=\"f charStyle-bd419927 ps6166\">764<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1329 ss1753\"><div><div class=\"ps301 ss568\"><span class=\"f charStyle-bd419927 ps22\">Cost of sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21326 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6164\">61<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21327 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6164\">92<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2333 ss1753\"><div><div class=\"ps301 ss568\"><span class=\"f charStyle-bd419927 ps22\">Financial expenses<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21328 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6164\">18<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21329 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6175\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21338 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:333pt\"></td><td style=\"padding:0;width:69.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:69.75pt\"></td></tr><tr style=\"height:24.75pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1755\"><div><div class=\"ps18362 ss568\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps8518 ss1756\"><div><div class=\"ps15002 ss418\"><span class=\"f charStyle-81df793a ps18197\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps15000 ss418\"><span class=\"f charStyle-81df793a ps6150\">2025</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps6157 ss1756\"><div><div class=\"ps15002 ss418\"><span class=\"f charStyle-81df793a ps18197\">At 31\u00a0December <span class=\"f ps13\"> </span></span></div><div class=\"ps15000 ss418\"><span class=\"f charStyle-81df793a ps6150\">2024</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps3761 ss1753\"><div><div class=\"ps301 ss568\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21331 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6164\">16<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21332 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6164\">30<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8484 ss1753\"><div><div class=\"ps301 ss568\"><span class=\"f charStyle-3769e72f ps22\">Receivables from financing activities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8521 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6166\">285<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21333 ss1754\"><div><div class=\"ps301 ss418\"><span class=\"f charStyle-bd419927 ps6166\">220<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8954 ss1757\"><div><div class=\"ps3931 ss568\"><span class=\"f charStyle-bd419927 ps22\">Debt<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21334 ss1758\"><div><div class=\"ps3931 ss418\"><span class=\"f charStyle-bd419927 ps6166\">165<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21335 ss1758\"><div><div class=\"ps3931 ss418\"><span class=\"f charStyle-bd419927 ps6166\">151<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps1685 ss1757\"><div><div class=\"ps3931 ss568\"><span class=\"f charStyle-bd419927 ps22\">Trade payables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21336 ss1758\"><div><div class=\"ps3931 ss418\"><span class=\"f charStyle-bd419927 ps6164\">27<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21337 ss1758\"><div><div class=\"ps3931 ss418\"><span class=\"f charStyle-bd419927 ps6164\">23<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21339 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-deb5fde0 ps18\">Other transactions with Exor's subsidiaries and affiliates</span></div><div class=\"ps21344 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:23.75pt\">During </span><span class=\"f charStyle-24b91321 ps21340\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21341\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21342\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21343\" style=\"width:4.1pt\">, </span><span class=\"f charStyle-24b91321 ps16767\" style=\"width:392.31pt\">transactions entered by Iveco Group with Stellantis' subsidiaries primarily related to the purchase of engine components.</span></div><div class=\"ps21345 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:277.8pt\">These transactions are reflected in the Consolidated Financial Statements as follows:</span></div><div class=\"ps21349 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1759\"><div><div class=\"ps8886 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17229 ss1596\"><div><div class=\"ps313 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps20718 ss674\"><div><div class=\"ps313 ss669\"><span class=\"f charStyle-81df793a ps20952\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Net revenues<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21346 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps19324 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19855\">37<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Cost of sales<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21347 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">77<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20719 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19855\">83<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Selling, general and administrative costs<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21348 ss1596\"><div><div class=\"ps961 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">1<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps20721 ss674\"><div><div class=\"ps961 ss669\"><span class=\"f charStyle-bd419927 ps19855\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21352 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:295.5pt\"></td><td style=\"padding:0;width:87pt\"></td><td style=\"padding:0;width:3pt\"></td><td style=\"padding:0;width:90pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1417\"><div><div class=\"ps8886 ss1416\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps5379 ss1701\"><div><div class=\"ps313 ss807\"><span class=\"f charStyle-81df793a ps20502\">At 31\u00a0December 2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps5282 ss382\"><div><div class=\"ps313 ss381\"><span class=\"f charStyle-81df793a ps18616\">At 31\u00a0December 2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1417\"><div><div class=\"ps961 ss1416\"><span class=\"f charStyle-bd419927 ps22\">Trade receivables<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps11490 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps20508\">\u2014<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18857 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5409\">1<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1417\"><div><div class=\"ps961 ss1416\"><span class=\"f charStyle-3769e72f ps22\">Trade and other payables</span><span class=\"f charStyle-a5ada9bf ps21351\"><sup>(*)</sup></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5381 ss1701\"><div><div class=\"ps961 ss807\"><span class=\"f charStyle-bd419927 ps20505\">69<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps5287 ss382\"><div><div class=\"ps961 ss381\"><span class=\"f charStyle-bd419927 ps5334\">25<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21353 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:438.78pt\">(*) Including commitments deriving from the agreement signed in May 2025 with Stellantis in the context of a collaboration for the supply of two electric IVECO-branded vans.</span></div><div class=\"ps21354 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions with joint ventures</span></div><div class=\"ps21355 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">Iveco Group sells vehicles and provides technical services to joint ventures such as IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps21357 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:166.75pt\">limitata, a joint venture of Discontinued Operations.</span><span class=\"f charStyle-24b91321 ps21356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21362 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:187.62pt\">Net revenues from joint ventures were \u20ac120 million in </span><span class=\"f charStyle-24b91321 ps21358\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21359\" style=\"width:58.92pt\"> (\u20ac117 million in </span><span class=\"f charStyle-24b91321 ps21360\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21361\" style=\"width:188.54pt\">) and trade receivables from joint ventures were nil at </span><span class=\"f charStyle-24b91321 ps4328\" style=\"width:8.2pt\">31</span><span class=\"f charStyle-24b91321 ps361\" style=\"width:2.05pt\"> </span></div><div class=\"ps21366 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:52.64pt\">December 2025</span><span class=\"f charStyle-24b91321 ps21363\" style=\"width:46.62pt\"> (\u20ac8 million at </span><span class=\"f charStyle-24b91321 ps21364\" style=\"width:63.08pt\">31 December 2024</span><span class=\"f charStyle-24b91321 ps21365\" style=\"width:313.66pt\">). Advances from IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata amounted</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps7590 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:59.56pt\">to \u20ac193 million at </span><span class=\"f charStyle-24b91321 ps21367\" style=\"width:63.6pt\">31 December 2025</span><span class=\"f charStyle-24b91321 ps21368\" style=\"width:352.89pt\"> and were included in \"Liabilities held for sale - Discontinued Operations\" in the Consolidated Statement of</span><span class=\"f charStyle-24b91321 ps359\" style=\"width:2.05pt\"> </span></div><div class=\"ps3228 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">Financial Position at the same date. Advances from IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata amounted to \u20ac137 million</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps7662 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:72.95pt\">at 31 December 2024.</span></div><div class=\"ps7300 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:9.56pt\">At </span><span class=\"f charStyle-24b91321 ps21369\" style=\"width:63.78pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21370\" style=\"width:17.48pt\"> and </span><span class=\"f charStyle-24b91321 ps4098\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21371\" style=\"width:318.05pt\">, Iveco Group had provided guarantees on commitments of its joint ventures for an amount of \u20ac</span><span class=\"f charStyle-24b91321 ps21372\" style=\"width:12.3pt\">326</span><span class=\"f charStyle-24b91321 ps21373\" style=\"width:38.34pt\"> million and</span><span class=\"f charStyle-24b91321 ps460\" style=\"width:2.05pt\"> </span></div><div class=\"ps7301 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:4.1pt\">\u20ac</span><span class=\"f charStyle-24b91321 ps878\" style=\"width:12.3pt\">259</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:346.96pt\"> million, respectively, mainly related to IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata.</span><span class=\"f charStyle-24b91321 ps21374\" style=\"width:2.05pt\"> </span></div><div class=\"ps3232 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions with associates</span></div><div class=\"ps21377 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:308.68pt\">Iveco Group sells trucks and commercial vehicles and provides services to associates. In </span><span class=\"f charStyle-24b91321 ps21375\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21376\" style=\"width:151.01pt\">, revenues from associates were \u20ac18 million</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps1838 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:51.21pt\">(\u20ac71\u00a0million in </span><span class=\"f charStyle-24b91321 ps21378\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps11858\" style=\"width:17.23pt\">). In </span><span class=\"f charStyle-24b91321 ps8371\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21379\" style=\"width:214.37pt\">, cost of sales from associates were \u20ac8 million (\u20ac13 million in </span><span class=\"f charStyle-24b91321 ps21380\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21381\" style=\"width:18.05pt\">). At </span><span class=\"f charStyle-24b91321 ps21382\" style=\"width:65.18pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21383\" style=\"width:60.65pt\">, receivables from</span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> </span></div><div class=\"ps1839 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:166.76pt\">associates amounted to \u20ac10 million (\u20ac9 million at </span><span class=\"f charStyle-24b91321 ps21384\" style=\"width:64.14pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21385\" style=\"width:200.2pt\">). Trade payables to associates amounted to \u20ac24 million at </span><span class=\"f charStyle-24b91321 ps21386\" style=\"width:44.97pt\">31\u00a0December</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps21393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps5461\" style=\"width:56.48pt\"> (\u20ac28\u00a0million at </span><span class=\"f charStyle-24b91321 ps21387\" style=\"width:65.96pt\">31\u00a0December 2024</span><span class=\"f charStyle-24b91321 ps21388\" style=\"width:18.83pt\">). At </span><span class=\"f charStyle-24b91321 ps21389\" style=\"width:65.96pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21390\" style=\"width:19.66pt\"> and </span><span class=\"f charStyle-24b91321 ps21391\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21392\" style=\"width:216.3pt\">, Iveco Group had provided guarantees on commitments of its</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps21398 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:96.73pt\">associates for an amount of \u20ac</span><span class=\"f charStyle-24b91321 ps21394\" style=\"width:12.3pt\">213</span><span class=\"f charStyle-24b91321 ps21395\" style=\"width:43.41pt\"> million and \u20ac</span><span class=\"f charStyle-24b91321 ps7073\" style=\"width:12.3pt\">219</span><span class=\"f charStyle-24b91321 ps21396\" style=\"width:221.61pt\"> million, respectively, related to CNH Industrial Capital Europe S.a.S</span><span class=\"f charStyle-24b91321 ps21397\" style=\"width:2.05pt\">.</span></div><div class=\"ps20867 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Transactions with unconsolidated subsidiaries</span></div><div class=\"ps20868 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:125.83pt\">In the years ended 31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21399\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21400\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21401\" style=\"width:229.02pt\">, there were no material transactions with unconsolidated subsidiaries.</span></div><div class=\"ps3249 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">35. Companies included in the scope of the Consolidated Financial Statements </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:224.68pt\">The main legal entities comprising the Iveco Group at 31 December <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21489\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21490\" style=\"width:234.92pt\">, including major subsidiaries, joint ventures and associates, included in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.71pt\">Continuing Operations are provided below:</span><span class=\"f charStyle-24b91321 ps21491\" style=\"width:2.05pt\"> </span></div><div class=\"ps21544 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps8948 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6658 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Altra S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21493 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18556 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5115 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Amce-Automotive Manufacturing Co.Ethiopia Share Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21494 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ethiopia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21495 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">69.99%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps827 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Dolphin N2 Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9856 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19920 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2340 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">EVCO GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21496 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19117 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3832 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies (Chongqing) Co., Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21497 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21498 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18682 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies Management (Shanghai) Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21499 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21500 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1816 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies of North America, Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21501 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21502 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT - Powertrain Technologies France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21503 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21504 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21505 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21506 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21507 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21508 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Industrial S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21509 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21510 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9615 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Motorenforschung AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21511 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21512 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21513 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Heuliez Bus S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21514 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21515 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2575 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IAV-Industrie-Anlagen-Verpachtung GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21516 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21517 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21518 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21519 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21520 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2440 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services UK Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21521 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21522 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps195 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Nordics A/S<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21523 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Denmark<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21524 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15292 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IDV Group N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21525 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21526 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21527 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (China) Commercial Vehicle Sales Co. Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21528 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21529 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10492 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (Schweiz) AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21530 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21531 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9641 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Arac Sanayi VE Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21532 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21533 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10863 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Austria GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21536 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Austria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21537 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18476 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Bayern GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21538 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21539 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21540 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Belgium N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21541 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Belgium<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21542 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO CAPITAL BULGARIA EAD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Bulgaria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1768\"><div><div class=\"ps301 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Slovakia s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1769\"><div><div class=\"ps301 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1770\"><div><div class=\"ps301 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Solutions S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21551 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21552 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Czech Republic A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21553 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21554 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4982 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Deutschland AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21555 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21556 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1811 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Espana S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21557 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21558 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1019 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Est S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21559 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21560 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21561 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21562 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Group Korea LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21563 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Korea<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21564 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21565 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Services (Thailand) Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21566 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Thailand<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21567 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Switzerland SA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1658 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Investitions GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21573 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21574 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21575 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21576 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2435 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nederland B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21577 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21578 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15288 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21579 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21580 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps187 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord-Ost Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21581 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21582 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1734 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Norge A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21583 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Norway<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21584 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21585 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Otomotiv Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21586 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21587 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21588 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21589 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21590 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Pension Trustee Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Poland Sp. z o.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Poland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21595 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Portugal-Comercio de Veiculos Industriais S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21596 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Portugal<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21597 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21598 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Provence S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21599 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21600 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21601 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Retail Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21602 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21603 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10536 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Romania S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21604 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21605 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21606 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21607 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21608 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21609 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO SA (PTY) LTD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21610 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Africa<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21611 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11122 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Slovakia, s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21612 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21613 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10901 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Sud-West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21614 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21615 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Centrum s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21617 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21618 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21619 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21620 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21621 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16257 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Trucks Australia Pty. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21622 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Australia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21623 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Ukraine LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21625 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ukraine<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21626 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21627 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21628 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21629 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21630 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVG BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21631 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21632 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21633 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Liegenschaftsverwaltung Weisweil GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21634 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21635 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15549 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Mediterranea de Camiones S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21636 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21637 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16271 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Officine Brennero S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21638 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21639 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">OOO Iveco Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1107 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">SAIC Fiat Powertrain Hongyan Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21640 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21641 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">60.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps80 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Seddon Atkinson Vehicles Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21642 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21643 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps12183 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Soci\u00e9t\u00e9 Charolaise de Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21644 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21645 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6015 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Service S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21646 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21647 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11000 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Zona Franca Alari Sepauto S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21648 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21649 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">51.87%</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CIFINS S.p.A.</span><span class=\"f charStyle-a5ada9bf ps21651\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Orecchia S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8801 ss1772\"><div><div class=\"ps2120 ss797\"><span class=\"f charStyle-db2d9ea7 ps22\">SUBSIDIARIES VALUED AT FVTPL</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8804 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL INDIA PRIVATE LIMITED<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21652 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">India<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21653 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps9624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Blitz S19-499 GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21654 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21655 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21656 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">TORINO INMOBILIARIA, C.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21657 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Venezuela<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21658 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10835 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CNH Industrial Capital Europe S.A.S.</span><span class=\"f charStyle-a5ada9bf ps21659\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">GATE Mobility B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC SOLUTIONS EUROPE S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5355 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21660 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21661 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21662 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19313 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">CODEFIS Societ\u00e0 consortile per azioni<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21663 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21664 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">28.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21665 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Sotra S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21666 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ivory Coast<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21667 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">39.80%</span></div></div></div></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21668 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Trucks &amp; Bus Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21669 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Libya<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21670 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">25.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21671 ss1773\"><div><div class=\"ps9632 ss797\"><span class=\"f charStyle-81df793a ps22\">OTHER COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10617 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Naveco (Nanjing IVECO Motor Co.) Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21672 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21673 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">19.90%</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:236.1pt\">(1) After the Demerger CIFINS S.p.A. is owned 50.00% by Iveco Group and 50.00% by CNH.</span></div><div class=\"ps21675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:266.7pt\">(2) This percentage represents the interest held by Iveco Group through its 50% interest in CIFINS S.p.A.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.82pt\">The subsidiaries included in Discontinued Operations at 31 December 2025 are as follows:</span></div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:228pt\"></td><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1774\"><div><div class=\"ps2314 ss13\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps310 ss1775\"><div><div class=\"ps2314 ss1504\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps6766 ss1776\"><div><div class=\"ps2314 ss379\"><span class=\"f charStyle-81df793a ps22\">Percentage Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps21677 ss1777\"><div><div class=\"ps9632 ss13\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">Astra Veicoli Industriali S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21678 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21679 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Brasil Ltda.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21680 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19266 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Defence Vehicles Espa\u00f1a S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21681 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21682 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles France S.A.S.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21683 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21684 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3948 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles Italia S.p.A.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21685 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21686 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps13505 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES ROMANIA S.R.L.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21687 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21688 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4989 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES UK LTD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21689 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21690 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8203 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Deutschland GmbH</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21691 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-3769e72f ps22\">Germany</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21692 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Group S.r.l.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21693 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21694 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Nederland B.V.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21695 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21696 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV USA Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21697 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21698 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">Italwatt S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21699 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21700 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps159 ss1783\"><div><div class=\"ps9140 ss13\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss13\"><span class=\"f charStyle-81df793a ps22\">EQUITY METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16130 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21701 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21702 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-652": {
   "value": "<div class=\"ps5476 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">32. Related party transactions</span></div><div class=\"ps3527 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:96.38pt\">In accordance with IAS 24 \u2013 <span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps21299\" style=\"width:85.64pt\">Related Party Disclosures</span><span class=\"f charStyle-24b91321 ps21300\" style=\"width:293.93pt\">, Iveco Group\u2019s related parties are companies and persons capable of exercising control,</span><span class=\"f charStyle-24b91321 ps365\" style=\"width:2.05pt\"> </span></div><div class=\"ps7026 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:192.04pt\">joint control or significant influence over the Group. As of </span><span class=\"f charStyle-24b91321 ps21301\" style=\"width:63.74pt\">31\u00a0December 2025</span><span class=\"f charStyle-24b91321 ps21302\" style=\"width:17.44pt\"> and </span><span class=\"f charStyle-24b91321 ps21303\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21304\" style=\"width:186.4pt\">, related parties included Iveco Group\u2019s parent company</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps6996 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:15.16pt\">Exor</span><span class=\"f charStyle-24b91321 ps21305\" style=\"width:16.74pt\"> N.V.</span><span class=\"f charStyle-24b91321 ps21306\" style=\"width:78.35pt\"> (which is controlled by </span><span class=\"f charStyle-24b91321 ps21307\" style=\"width:69.94pt\">Giovanni Agnelli B.V.</span><span class=\"f charStyle-24b91321 ps21308\" style=\"width:4.85pt\">) </span><span class=\"f charStyle-24b91321 ps21309\" style=\"width:290.97pt\">and its subsidiaries and affiliates, including CNH, Stellantis N.V. and its subsidiaries and</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps3324 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.1pt\">affiliates (Stellantis), and Iveco Group's unconsolidated subsidiaries, associates or joint ventures. In addition, the members of the Board of</span><span class=\"f charStyle-24b91321 ps352\" style=\"width:2.05pt\"> </span></div><div class=\"ps6759 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:440pt\">Directors and managers of Iveco Group with strategic responsibility and members of their families were also considered related parties.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-654": {
   "value": "Exor N.V.",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-655": {
   "value": "Giovanni Agnelli B.V.",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-656": {
   "value": "<div class=\"ps389 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Compensation to Key Management Personnel</span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.99pt\">The Company considers the members of the Board of Directors and the Senior Leadership Team to be the key management personnel as<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:62.7pt\">defined in IAS 24 - </span><span class=\"f charStyle-50993fa8 ps10215\" style=\"width:86.85pt\">Related Party Disclosures.</span></div><div class=\"ps1209 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The fees of the Directors (Executives and Non-Executives) of Iveco Group N.V. for carrying out their respective functions, including those in other</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps1267 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">consolidated legal entities and the notional compensation cost arising for share-based payments awarded to Executive Directors, amounted to an</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps485 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:81.27pt\">expense of \u20ac5 million in </span><span class=\"f charStyle-24b91321 ps21407\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21408\" style=\"width:86.21pt\"> (expense of \u20ac4 million in </span><span class=\"f charStyle-24b91321 ps21409\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21410\" style=\"width:275.72pt\">, partially offset by \u20ac3 million income related to the reversal for forfeitures of certain</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps486 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:392.9pt\">previously granted share-based awards). Details on the remuneration of Directors are given in the Remuneration Report.</span><span class=\"f charStyle-24b91321 ps21411\" style=\"width:2.05pt\"> </span></div><div class=\"ps1375 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.07pt\">The aggregate expense incurred for the compensation of the Senior Leadership Team (excluding the Chief Executive Officer, which is included in</span><span class=\"f charStyle-24b91321 ps356\" style=\"width:2.05pt\"> </span></div><div class=\"ps1321 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:209.19pt\">the Directors' compensation above) amounted to \u20ac12 million in </span><span class=\"f charStyle-24b91321 ps21412\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21413\" style=\"width:51.02pt\"> (\u20ac13 million in </span><span class=\"f charStyle-24b91321 ps21414\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21415\" style=\"width:131.96pt\">) and included \u20ac6 million (\u20ac10 million in </span><span class=\"f charStyle-24b91321 ps21416\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21417\" style=\"width:34.73pt\">) for short-</span></div><div class=\"ps489 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:160.87pt\">term employee benefits, \u20ac5 million (\u20ac2 million in </span><span class=\"f charStyle-24b91321 ps21418\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21419\" style=\"width:265.97pt\">) for share-based payments and \u20ac1 million for termination benefits (\u20ac1 million in </span><span class=\"f charStyle-24b91321 ps21420\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21421\" style=\"width:16.42pt\">). No</span><span class=\"f charStyle-24b91321 ps376\" style=\"width:2.05pt\"> </span></div><div class=\"ps490 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:262.25pt\">expense for post-employment and other long-term benefits was included in both </span><span class=\"f charStyle-24b91321 ps21422\" style=\"width:16.4pt\">2025<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21423\" style=\"width:16.4pt\"> and </span><span class=\"f charStyle-24b91321 ps21424\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21425\" style=\"width:2.05pt\">.</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-657": {
   "value": "<div class=\"ps1219 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">33. Explanatory notes to the statement of cash flows </span></div><div class=\"ps547 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:381.33pt\">The statement of cash flows sets out changes in cash and cash equivalents during the year. As required by IAS 7 - <span class=\"f ps13\"> </span></span><span class=\"f charStyle-50993fa8 ps21426\" style=\"width:74.66pt\">Cash Flow Statements</span><span class=\"f charStyle-24b91321 ps21427\" style=\"width:19.93pt\">, cash</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1220 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.92pt\">flows are separated into operating, investing and financing activities. The effects of changes in exchange rates on cash and cash equivalents are</span><span class=\"f charStyle-24b91321 ps363\" style=\"width:2.05pt\"> </span></div><div class=\"ps1274 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:232.74pt\">shown separately under the line item Translation exchange differences.</span></div><div class=\"ps550 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.98pt\">The Consolidated Statement of Cash Flows is presented using the indirect method. Starting from 2025, changes in receivables from financing</span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> </span></div><div class=\"ps497 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.09pt\">activities, previously included in the Cash flows from/(used in) investing activities, have been included in the Cash flows from/(used in) operating</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps498 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:461.37pt\">activities to improve comparability with Iveco Group peers. Figures for the year ended 31 December 2024 have been reclassified consistently.</span></div><div class=\"ps501 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">The Group presents supplemental discussion and disclosure regarding the statement of cash flows for the purpose of additional analysis. Items</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps503 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.94pt\">discussed below are reflected within the Consolidated Statement of Cash Flows either on an aggregate or net basis, and accordingly have been</span><span class=\"f charStyle-24b91321 ps384\" style=\"width:2.05pt\"> </span></div><div class=\"ps2773 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:118.02pt\">discussed further as set forth below.</span></div><div class=\"ps505 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:268.81pt\">The cash flows for income tax payments net of refunds amounted to \u20ac82 million in </span><span class=\"f charStyle-24b91321 ps9480\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21428\" style=\"width:53.64pt\"> (\u20ac141 million in </span><span class=\"f charStyle-24b91321 ps19500\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps21429\" style=\"width:4.5pt\">).</span></div><div class=\"ps3303 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:289.03pt\">Total interest of \u20ac303 million was paid and interest of \u20ac218 million was received in </span><span class=\"f charStyle-24b91321 ps21430\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21431\" style=\"width:170.56pt\"> (interest of \u20ac370 million was paid and interest of</span><span class=\"f charStyle-24b91321 ps374\" style=\"width:2.05pt\"> </span></div><div class=\"ps3306 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:94.21pt\">\u20ac281\u00a0million was received in </span><span class=\"f charStyle-24b91321 ps21432\" style=\"width:16.4pt\">2024</span><span class=\"f charStyle-24b91321 ps18170\" style=\"width:47.52pt\">, respectively).</span><span class=\"f charStyle-24b91321 ps21433\" style=\"width:2.05pt\"> </span></div><div class=\"ps7002 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Operating activities</span></div><div class=\"ps4114 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:362.55pt\">Cash flows from/(used in) operating activities mainly derive from the Group\u2019s main revenue producing activities.</span></div><div class=\"ps2860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">Cash generated from the sale of vehicles under buy-back commitments, net of amounts included in Profit/(loss) for the period, is recognised</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps2861 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.02pt\">under operating activities in a single line item, which includes capital expenditure, depreciation and impairment losses, and related operating</span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> </span></div><div class=\"ps2862 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321\"><span class=\"ps18\" style=\"width:62.29pt\">activities changes. <span style=\"display:inline-block;height:6.55pt;width:9.71pt\"></span></span></span></div><div class=\"ps2863 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.04pt\">Cash from operating lease is recognised under operating activities in a single line item, which includes capital expenditure, depreciation, write-</span></div><div class=\"ps1291 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:107.38pt\">downs and changes in inventory.</span></div><div class=\"ps1293 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:432.65pt\">Cash flows from/(used in) operating activities include change in receivables from financing activities that may be analysed as follows:</span></div><div class=\"ps21439 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1759\"><div><div class=\"ps8886 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17229 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21434 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Changes from dealer financing<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21346 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">304<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">534<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Changes from retail financing</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21347 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">28<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21435 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(15)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Changes from other receivables from financing activities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21348 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">14<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21436 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps823 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-81df793a ps22\">Changes in receivables from financing activities<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21437 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps18370\">346<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21438 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps18370\">527<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21440 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:8.2pt\">In </span><span class=\"f charStyle-24b91321 ps1445\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps10204\" style=\"width:438.78pt\">, liquidity generated by the decrease in receivables from financing activities was primarily a result of changes in the wholesale portfolio.</span></div><div class=\"ps21441 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Investing activities</span></div><div class=\"ps21442 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:475.96pt\">Cash flows from/(used in) investing activities represent the extent to which expenditures have been made for resources intended to generate</span><span class=\"f charStyle-24b91321 ps367\" style=\"width:2.05pt\"> </span></div><div class=\"ps21443 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.01pt\">future income and cash flows. Only expenditures resulting in an asset recognised in the balance sheet are classified as investing activities in the</span><span class=\"f charStyle-24b91321 ps370\" style=\"width:2.05pt\"> </span></div><div class=\"ps21444 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:79.1pt\">statement of cash flows.</span><span class=\"f charStyle-24b91321 ps1852\" style=\"width:2.05pt\"> </span></div><div class=\"ps21393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:331.1pt\">Investments in Property, plant and equipment and intangible assets is further broken down as follows:</span><span class=\"f charStyle-24b91321 ps462\" style=\"width:2.05pt\"> </span></div><div class=\"ps21447 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps2 ss1759\"><div><div class=\"ps8886 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps17229 ss1596\"><div><div class=\"ps313 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #636a6b;padding:0\"><div class=\"ps21434 ss1596\"><div><div class=\"ps313 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps312 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Intangible assets</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21346 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(514)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps18752 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(557)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps819 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Property, plant and equipment</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21347 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(261)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21435 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(357)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps821 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-81df793a ps22\">Investments in Property, plant ad equipment and intangible assets<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21348 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps21445\">(775)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21436 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps21445\">(914)<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps1530 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476.03pt\">For consideration for the acquisition and disposal of subsidiaries and of other investments, see section \"Business Combinations\" above and to</span><span class=\"f charStyle-24b91321 ps354\" style=\"width:2.05pt\"> </span></div><div class=\"ps1371 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:17.62pt\">Note </span><span class=\"f charStyle-24b91321 ps21448\" style=\"width:8.2pt\">14</span><span class=\"f charStyle-24b91321 ps21449\" style=\"width:2.05pt\">.<span class=\"f ps13\"> </span></span></div><div class=\"ps21450 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-94965b2e ps18\">Financing activities</span></div><div class=\"ps16467 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:435.44pt\">Change in derivative assets/liabilities consists of derivative financial instruments measured at fair value at the balance sheet date, as </span><span class=\"f charStyle-24b91321 ps21455\" style=\"width:40.65pt\">discussed in</span><span class=\"f charStyle-24b91321 ps350\" style=\"width:2.05pt\"> </span></div><div class=\"ps16468 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:17.62pt\">Note </span><span class=\"f charStyle-24b91321 ps21448\" style=\"width:8.2pt\">18</span><span class=\"f charStyle-24b91321 ps21449\" style=\"width:24.19pt\"> above.</span></div><div class=\"ps21456 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:318.3pt\">Reconciliation of changes in liabilities arising from financing activities may be analysed as follows:</span></div><div class=\"ps21485 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss9 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:324.75pt\"></td><td style=\"padding:0;width:72.75pt\"></td><td style=\"padding:0;width:5.25pt\"></td><td style=\"padding:0;width:72.75pt\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps2 ss1759\"><div><div class=\"ps8886 ss1467\"><span class=\"f charStyle-8e291a92 ps22\">(\u20ac million)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps17229 ss1596\"><div><div class=\"ps313 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2025<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"background-color:#ffffff;border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps21434 ss1596\"><div><div class=\"ps313 ss1473\"><span class=\"f charStyle-81df793a ps20913\">2024<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps312 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Total Debt at beginning of year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21346 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">6,306<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18752 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">6,100<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps819 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Derivative (assets)/liabilities at beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21347 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21435 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">14<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps821 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total liabilities from financing activities at beginning of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21348 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20953\">6,344<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21436 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20953\">6,114<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps823 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Net cash flows:</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps825 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Cash receipts from long-term financing liabilities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21457 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">424<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21458 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">1,364<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps827 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Repayment of long-term financing liabilities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21459 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(559)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21460 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(739)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps829 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Net cash receipts from/(repayment of) short-term financing liabilities</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18380 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(339)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps18381 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21445\">(409)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps831 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Change in derivative assets/liabilities </span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21461 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(73)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21462 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">8<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps833 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Net cash flows</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21463 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps21445\">(547)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21464 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps18370\">224<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps835 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Non-monetary impacts:</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps837 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Change in lease liabilities </span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21465 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">74<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21466 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">94<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps839 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Impacts of derivative financial instruments on other comprehensive income </span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21467 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">38<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21468 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">9<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps841 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Reclassification to Discontinued Operations</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21469 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18370\">157<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21471 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21470\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:0.5pt solid #929292;padding:0\"><div class=\"ps843 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Exchange rate differences </span></div></div></div></td><td style=\"border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21472 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21470\">(3)<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21473 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps21470\">(7)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps845 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps6169\">Other changes</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps21474 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">5<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:0.5pt solid #929292;padding:0\"><div class=\"ps21475 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps19187\">(83)<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps847 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-db2d9ea7 ps22\">Total Non-monetary impacts</span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21476 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps18370\">271<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:0.5pt solid #929292;padding:0\"><div class=\"ps21478 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps18366\">6<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps159 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-81df793a ps22\">Total liabilities from financing activities at end of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21479 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20953\">6,068<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:1pt solid #0085ca;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps21480 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-81df793a ps20953\">6,344<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"><div class=\"ps850 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Of which:<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #0085ca;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps852 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-3769e72f ps22\">Total Debt at end of year</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21481 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">6,061<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21482 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps20953\">6,306<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps854 ss1759\"><div><div class=\"ps961 ss1467\"><span class=\"f charStyle-bd419927 ps22\">Derivative (assets)/liabilities at end of year<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21483 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18366\">7<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21484 ss1596\"><div><div class=\"ps315 ss1473\"><span class=\"f charStyle-bd419927 ps18410\">38<span class=\"f ps13\"> </span></span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-658": {
   "value": "<div class=\"ps13198 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">34. Subsequent events</span></div><div class=\"ps13200 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:476pt\">Iveco Group has evaluated subsequent events through 4 March 2026, which is the date the Consolidated Financial Statements were authorised<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps21488 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:121.71pt\">for issuance, and noted the following:<span class=\"f ps13\"> </span></span></div><div class=\"ps4381 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">on 23 January 2026, the Group announced that the corporate carve-out of the Defence Business (IDV and ASTRA brands) was completed in<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps4384 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:265.96pt\">2025 and the required regulatory approval processes are in progress as expected<span class=\"f ps13\"> </span></span></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-6461fb9e ps18\" style=\"width:3.19pt\">\u25aa<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.99pt\">on 11 February 2026, the Group announced that an extraordinary general meeting (EGM) of its shareholders will be held in Amsterdam on<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps1271\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps390 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:8.2pt\">25<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps15064\" style=\"width:2.66pt\">\u00a0<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps15065\" style=\"width:458.05pt\">March 2026. The EGM will be asked to approve that the Board of Directors, subject to completion of the sale of the Defence Business to<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps391 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.93pt\">Leonardo S.p.A. (the \u201cSale Transaction\u201d), resolve upon the extraordinary interim dividend distribution of the net proceeds of the Sale<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps404\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps392 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.89pt\">Transaction (the \u201cInterim Dividend Distribution\u201d). The estimated extraordinary dividend is expected at \u20ac 5.5-6.0 per common share. Payment is<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps347\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps393 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">currently anticipated in April 2026 after contractual closing adjustments are finalised, in line with the standard ex-dividend date of 20 April on the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps394 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.91pt\">Italian Stock Exchange calendar. As a precautionary measure, in case the Sale Transaction is expected not to be completed by 31 March 2026,<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps396 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.8pt\">the EGM will be asked to vote on the statutory demerger of Iveco Group, which would transfer the Defence Business into IDV Group N.V. (\u201cIDV<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps623\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps397 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.88pt\">Group\u201d), a company newly incorporated under Dutch law (the \u201cDemerger\u201d). The common and special voting shares of IDV Group would be<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps402\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2795 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:469pt\">proportionally allotted to Iveco Group shareholders existing at the time of the Demerger, with common shares listed and traded on Euronext<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps800\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2796 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.81pt\">Milan (\u201cAdmission\u201d). The Board of Directors reserves the right to remove the discussion of the Interim Dividend Distribution from the agenda of<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps457\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps2797 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.78pt\">the EGM in case it becomes evident prior to the EGM that the Sale Transaction will not be completed ultimately on 31 March 2026. On the other<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps3394\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div><div class=\"ps3338 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps671\" style=\"width:468.82pt\">hand, the Board of Directors reserves the right to remove the discussion of the Demerger in case it becomes evident prior to the EGM that the<span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps2865\" style=\"width:2.05pt\"> <span class=\"f ps13\"> </span></span></div>Sale Transaction has been completed or will be completed.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  },
  "f-659": {
   "value": "<div class=\"ps3249 ss0\" style=\"font-size:12pt\"><span class=\"f charStyle-b842fe6a ps18\">35. Companies included in the scope of the Consolidated Financial Statements </span></div><div class=\"ps1859 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:224.68pt\">The main legal entities comprising the Iveco Group at 31 December <span class=\"f ps13\"> </span></span><span class=\"f charStyle-24b91321 ps21489\" style=\"width:16.4pt\">2025</span><span class=\"f charStyle-24b91321 ps21490\" style=\"width:234.92pt\">, including major subsidiaries, joint ventures and associates, included in</span><span class=\"f charStyle-24b91321 ps483\" style=\"width:2.05pt\"> </span></div><div class=\"ps1860 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:139.71pt\">Continuing Operations are provided below:</span><span class=\"f charStyle-24b91321 ps21491\" style=\"width:2.05pt\"> </span></div><div class=\"ps21544 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps8948 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6658 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Altra S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21493 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18556 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5115 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Amce-Automotive Manufacturing Co.Ethiopia Share Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21494 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ethiopia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21495 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">69.99%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps827 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Dolphin N2 Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9856 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19920 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2340 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">EVCO GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21496 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19117 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3832 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies (Chongqing) Co., Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21497 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21498 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18682 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies Management (Shanghai) Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21499 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21500 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1816 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Fiat Powertrain Technologies of North America, Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21501 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21502 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT - Powertrain Technologies France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21503 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21504 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21505 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21506 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21507 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21508 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Industrial S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21509 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21510 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9615 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT Motorenforschung AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21511 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21512 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21513 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Heuliez Bus S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21514 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21515 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2575 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IAV-Industrie-Anlagen-Verpachtung GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21516 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21517 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21518 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21519 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21520 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2440 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Financial Services UK Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21521 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21522 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps195 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC Nordics A/S<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21523 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Denmark<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21524 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15292 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IDV Group N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21525 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21526 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21527 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (China) Commercial Vehicle Sales Co. Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21528 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21529 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10492 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco (Schweiz) AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21530 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21531 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9641 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Arac Sanayi VE Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21532 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21533 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO ARGENTINA S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Argentina<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10863 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Austria GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21536 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Austria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21537 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps18476 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Bayern GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21538 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21539 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21540 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Belgium N.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21541 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Belgium<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21542 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO CAPITAL BULGARIA EAD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Bulgaria<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1768\"><div><div class=\"ps301 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Slovakia s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1769\"><div><div class=\"ps301 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1770\"><div><div class=\"ps301 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Capital Solutions S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21551 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21552 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Czech Republic A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21553 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21554 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4982 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Deutschland AG<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21555 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21556 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1811 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Espana S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21557 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21558 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1019 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Est S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21559 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21560 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1707 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco France S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21561 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21562 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Group Korea LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21563 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Korea<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21564 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21565 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Services (Thailand) Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21566 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Thailand<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21567 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Group Switzerland SA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Switzerland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1658 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Investitions GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21573 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21574 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8801 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21575 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21576 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2435 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nederland B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21577 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21578 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15288 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21579 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21580 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps187 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Nord-Ost Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21581 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21582 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1734 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Norge A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21583 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Norway<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21584 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21585 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Otomotiv Ticaret A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21586 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">T\u00fcrkiye<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21587 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21588 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21589 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21590 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Pension Trustee Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Poland Sp. z o.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Poland<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21595 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Portugal-Comercio de Veiculos Industriais S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21596 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Portugal<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21597 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21598 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Provence S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21599 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21600 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21601 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Retail Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21602 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21603 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10536 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Romania S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21604 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21605 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21606 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21607 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21608 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21609 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO SA (PTY) LTD<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21610 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">South Africa<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21611 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11122 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Slovakia, s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21612 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Slovack Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21613 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10901 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Sud-West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21614 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21615 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21616 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Centrum s.r.o.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21617 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Czech Republic<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21618 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21619 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Truck Services S.R.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21620 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21621 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16257 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVECO Trucks Australia Pty. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21622 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Australia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21623 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Ukraine LLC<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21625 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ukraine<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21626 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21627 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco West Nutzfahrzeuge GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21628 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21629 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21630 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">IVG BRASIL LTDA.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21631 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21632 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21633 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Liegenschaftsverwaltung Weisweil GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21634 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21635 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps15549 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Mediterranea de Camiones S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21636 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21637 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16271 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Officine Brennero S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21638 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21639 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div class=\"ps772 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss776 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:236.25pt\"></td><td style=\"padding:0;width:174pt\"></td><td style=\"padding:0;width:60.75pt\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1760\"><div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps12351 ss1766\"><div><div class=\"ps21492 ss1607\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps810 ss1767\"><div><div class=\"ps21543 ss432\"><span class=\"f charStyle-81df793a ps22\">Percentage <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss432\"><span class=\"f charStyle-81df793a ps22\">Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8948 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">OOO Iveco Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21545 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Russia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21546 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Holdings Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21547 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21548 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Potenza Technology Limited<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21549 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21550 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1107 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">SAIC Fiat Powertrain Hongyan Co. Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21640 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21641 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">60.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps80 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Seddon Atkinson Vehicles Ltd<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21642 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21643 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps12183 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Soci\u00e9t\u00e9 Charolaise de Participations S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21644 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21645 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps6015 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Service S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21646 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21647 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps11000 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Zona Franca Alari Sepauto S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21648 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21649 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">51.87%</span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps2350 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps9612 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CIFINS S.p.A.</span><span class=\"f charStyle-a5ada9bf ps21651\"><span class=\"f ps13\"> </span><sup>(1)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21568 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21569 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21570 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Iveco Orecchia S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21571 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21572 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:24pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps8801 ss1772\"><div><div class=\"ps2120 ss797\"><span class=\"f charStyle-db2d9ea7 ps22\">SUBSIDIARIES VALUED AT FVTPL</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8804 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">FPT INDUSTRIAL INDIA PRIVATE LIMITED<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21652 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">India<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21653 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps9624 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Blitz S19-499 GmbH<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21654 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Germany<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;padding:0\"><div class=\"ps21655 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21656 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">TORINO INMOBILIARIA, C.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21657 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Venezuela<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21658 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:12.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:26.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps10835 ss1760\"><div><div class=\"ps21650 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES ACCOUNTED FOR USING THE EQUITY <span class=\"f ps13\"> </span></span></div><div class=\"ps21492 ss797\"><span class=\"f charStyle-81df793a ps22\">METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8820 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-3769e72f ps22\">CNH Industrial Capital Europe S.A.S.</span><span class=\"f charStyle-a5ada9bf ps21659\"><sup>(2)</sup></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21591 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21592 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5347 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">GATE Mobility B.V.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21593 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21594 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5351 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">IC SOLUTIONS EUROPE S.A.S.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21534 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21535 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">24.95%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps5355 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Transolver Finance Establecimiento Financiero de Credito S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21660 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21661 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">49.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21662 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-81df793a ps22\">ASSOCIATED COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19313 ss798\"><div><div class=\"ps961 ss797\"><span class=\"f charStyle-bd419927 ps22\">CODEFIS Societ\u00e0 consortile per azioni<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21663 ss1608\"><div><div class=\"ps961 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21664 ss1771\"><div><div class=\"ps961 ss432\"><span class=\"f charStyle-bd419927 ps22\">28.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21665 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Sotra S.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21666 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Ivory Coast<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21667 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">39.80%</span></div></div></div></td></tr><tr style=\"height:17.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21668 ss1761\"><div><div class=\"ps814 ss797\"><span class=\"f charStyle-bd419927 ps22\">Trucks &amp; Bus Company<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21669 ss1762\"><div><div class=\"ps814 ss1607\"><span class=\"f charStyle-bd419927 ps22\">Libya<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21670 ss1763\"><div><div class=\"ps814 ss432\"><span class=\"f charStyle-bd419927 ps22\">25.00%</span></div></div></div></td></tr><tr style=\"height:14.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21671 ss1773\"><div><div class=\"ps9632 ss797\"><span class=\"f charStyle-81df793a ps22\">OTHER COMPANIES VALUED AT FVTPL<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps10617 ss1764\"><div><div class=\"ps3931 ss797\"><span class=\"f charStyle-bd419927 ps22\">Naveco (Nanjing IVECO Motor Co.) Ltd.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21672 ss1765\"><div><div class=\"ps3931 ss1607\"><span class=\"f charStyle-bd419927 ps22\">People's Rep.of China<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21673 ss1129\"><div><div class=\"ps3931 ss432\"><span class=\"f charStyle-bd419927 ps22\">19.90%</span></div></div></div></td></tr></tbody></table></div></div></div><div class=\"ps21674 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:236.1pt\">(1) After the Demerger CIFINS S.p.A. is owned 50.00% by Iveco Group and 50.00% by CNH.</span></div><div class=\"ps21675 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-5ad4a1b7 ps18\" style=\"width:266.7pt\">(2) This percentage represents the interest held by Iveco Group through its 50% interest in CIFINS S.p.A.</span></div></div><div class=\"ps389 ss0\" style=\"font-size:12pt;text-align:justify;text-align-last:var(--justify)\"><span class=\"f charStyle-24b91321 ps18\" style=\"width:295.82pt\">The subsidiaries included in Discontinued Operations at 31 December 2025 are as follows:</span></div><div class=\"ps8524 ss0\" style=\"text-align:justify;text-align-last:var(--justify)\"><div class=\"ss1300 ws0 ps262\"><div><table style=\"border-collapse:collapse;display:inline-table;font-size:initial;padding:0;table-layout:fixed;width:100%\"><tbody><tr style=\"height:0\"><td style=\"padding:0;width:228pt\"></td><td style=\"padding:0;width:161.25pt\"></td><td style=\"padding:0;width:89.25pt\"></td></tr><tr style=\"height:21.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps2 ss1774\"><div><div class=\"ps2314 ss13\"><span class=\"f charStyle-81df793a ps22\">Name of legal entity<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps310 ss1775\"><div><div class=\"ps2314 ss1504\"><span class=\"f charStyle-81df793a ps22\">Country of Incorporation<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #929292;padding:0\"><div class=\"ps6766 ss1776\"><div><div class=\"ps2314 ss379\"><span class=\"f charStyle-81df793a ps22\">Percentage Interest Held<span class=\"f ps13\"> </span></span></div></div></div></td></tr><tr style=\"height:20.25pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"><div class=\"ps21677 ss1777\"><div><div class=\"ps9632 ss13\"><span class=\"f charStyle-81df793a ps22\">SUBSIDIARIES CONSOLIDATED LINE-BY-LINE<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #026dce;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4968 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">Astra Veicoli Industriali S.p.A.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21678 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21679 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps765 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Brasil Ltda.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21680 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Brazil<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps19266 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps1607 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV Defence Vehicles Espa\u00f1a S.L.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21681 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Spain<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21682 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps3823 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles France S.A.S.</span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21683 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">France<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21684 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps3948 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Defence Vehicles Italia S.p.A.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21685 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps21686 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps13505 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES ROMANIA S.R.L.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21687 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Romenia<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21688 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4989 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV DEFENCE VEHICLES UK LTD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21689 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">United Kingdom<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21690 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps8203 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Deutschland GmbH</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21691 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-3769e72f ps22\">Germany</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21692 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2616 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Group S.r.l.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21693 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21694 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps16129 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-3769e72f ps22\">IDV Nederland B.V.</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21695 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Netherlands<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21696 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps4788 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IDV USA Inc.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21697 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">USA<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21698 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps2660 ss1780\"><div><div class=\"ps301 ss13\"><span class=\"f charStyle-bd419927 ps22\">Italwatt S.r.l.<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21699 ss1781\"><div><div class=\"ps301 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21700 ss1782\"><div><div class=\"ps301 ss379\"><span class=\"f charStyle-bd419927 ps22\">100.00%</span></div></div></div></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:23.25pt\"><td style=\"border-bottom:0.5pt solid #636a6b;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps159 ss1783\"><div><div class=\"ps9140 ss13\"><span class=\"f charStyle-81df793a ps22\">JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE <span class=\"f ps13\"> </span></span></div><div class=\"ps9141 ss13\"><span class=\"f charStyle-81df793a ps22\">EQUITY METHOD</span></div></div></div></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td><td style=\"border-bottom:1pt solid #b6b6b6;border-top:1pt solid #b6b6b6;padding:0\"></td></tr><tr style=\"height:15.75pt\"><td style=\"border-bottom:1pt solid #026dce;border-top:0.5pt solid #636a6b;padding:0\"><div class=\"ps16130 ss1778\"><div><div class=\"ps3931 ss13\"><span class=\"f charStyle-bd419927 ps22\">IVECO - OTO MELARA Societ\u00e0 Consortile a responsabilit\u00e0 limitata<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21701 ss1779\"><div><div class=\"ps3931 ss1504\"><span class=\"f charStyle-bd419927 ps22\">Italy<span class=\"f ps13\"> </span></span></div></div></div></td><td style=\"border-bottom:1pt solid #026dce;border-top:1pt solid #b6b6b6;padding:0\"><div class=\"ps21702 ss804\"><div><div class=\"ps3931 ss379\"><span class=\"f charStyle-bd419927 ps22\">50.00%</span></div></div></div></td></tr></tbody></table></div></div></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300ZWF2ZJDD9EOR96",
    "period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
   }
  }
 }
}