1. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nCompany information and basis of\npreparation
\n\u00a0
\nPremier Capital plc is a\npublic limited company incorporated in Malta with registration\nnumber C36522.\u00a0 The registered address of the Holding Company\nis Nineteen Twenty-Three, Valletta Road, Marsa, MRS 3000.\u00a0 As\ndisclosed in note 26, it has issued bonds which are listed on the\nMalta Stock Exchange.\u00a0
\n\u00a0
\nThe financial statements\nof the Holding Company and consolidated financial statements of the\nGroup have been prepared on the historical cost basis except for\ncertain property, plant and equipment and financial assets at fair\nvalue through other comprehensive income which are stated at their\nfair values and in accordance with International Financial\nReporting Standards (IFRS) as issued by the International\nAccounting Standards Board (IASB) and as adopted by the European\nUnion (EU).\u00a0 They have been prepared under the assumption that\nthe Group operates on a going concern basis.\u00a0
\n\u00a0
\nThe accounting policies\nadopted are set out below.\u00a0
\n\u00a0
\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date.\u00a0 For financial reporting purposes, fair\nvalue measurements are categorised into Level 1, 2 or 3 based on\nthe degree to which the inputs to the fair value measurements are\nobservable and the significance of the inputs to the fair value\nmeasurement in its entirety, which are described as\nfollows:
\n\u00a0
\n- Level 1 inputs are\nquoted prices (unadjusted) in active markets for identical assets\nor liabilities that the entity can access at the measurement\ndate;
\n- Level 2 inputs are\ninputs, other than quoted prices included within Level 1, that are\nobservable for the asset or liability, either directly or\nindirectly; and
\n- Level 3 inputs are\nunobservable inputs for the asset or liability.\u00a0
\n\u00a0
\nFor assets and\nliabilities that are recognised in the financial statements at fair\nvalue on a recurring basis, the Holding Company determines when\ntransfers are deemed to have occurred between Levels in the\nhierarchy at the end of each reporting period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KvIMlC8jk1": { "value": "1. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nCompany information and basis of\npreparation
\n\u00a0
\nPremier Capital plc is a\npublic limited company incorporated in Malta with registration\nnumber C36522.\u00a0 The registered address of the Holding Company\nis Nineteen Twenty-Three, Valletta Road, Marsa, MRS 3000.\u00a0 As\ndisclosed in note 26, it has issued bonds which are listed on the\nMalta Stock Exchange.\u00a0
\n\u00a0
\nThe financial statements\nof the Holding Company and consolidated financial statements of the\nGroup have been prepared on the historical cost basis except for\ncertain property, plant and equipment and financial assets at fair\nvalue through other comprehensive income which are stated at their\nfair values and in accordance with International Financial\nReporting Standards (IFRS) as issued by the International\nAccounting Standards Board (IASB) and as adopted by the European\nUnion (EU).\u00a0 They have been prepared under the assumption that\nthe Group operates on a going concern basis.\u00a0
\n\u00a0
\nThe accounting policies\nadopted are set out below.\u00a0
\n\u00a0
\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date.\u00a0 For financial reporting purposes, fair\nvalue measurements are categorised into Level 1, 2 or 3 based on\nthe degree to which the inputs to the fair value measurements are\nobservable and the significance of the inputs to the fair value\nmeasurement in its entirety, which are described as\nfollows:
\n\u00a0
\n- Level 1 inputs are\nquoted prices (unadjusted) in active markets for identical assets\nor liabilities that the entity can access at the measurement\ndate;
\n- Level 2 inputs are\ninputs, other than quoted prices included within Level 1, that are\nobservable for the asset or liability, either directly or\nindirectly; and
\n- Level 3 inputs are\nunobservable inputs for the asset or liability.\u00a0
\n\u00a0
\nFor assets and\nliabilities that are recognised in the financial statements at fair\nvalue on a recurring basis, the Holding Company determines when\ntransfers are deemed to have occurred between Levels in the\nhierarchy at the end of each reporting period.
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "tsm_C2GI70": { "value": "Premier Capital plc is a\npublic limited company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "de3_U9_S3n": { "value": "incorporated in Malta with registration\nnumber C36522", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "DP4RNVHpql": { "value": "The registered address of the Holding Company\nis Nineteen Twenty-Three, Valletta Road, Marsa, MRS 3000", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IXUI9jssKx": { "value": "The financial statements\nof the Holding Company and consolidated financial statements of the\nGroup have been prepared on the historical cost basis except for\ncertain property, plant and equipment and financial assets at fair\nvalue through other comprehensive income which are stated at their\nfair values and in accordance with International Financial\nReporting Standards (IFRS) as issued by the International\nAccounting Standards Board (IASB) and as adopted by the European\nUnion (EU).\u00a0 They have been prepared under the assumption that\nthe Group operates on a going concern basis.\u00a0\n\u00a0\nThe accounting policies\nadopted are set out below.\u00a0\n\u00a0\nFair value is the price\nthat would be received to sell an asset or paid to transfer a\nliability in an orderly transaction between market participants at\nthe measurement date.\u00a0 For financial reporting purposes, fair\nvalue measurements are categorised into Level 1, 2 or 3 based on\nthe degree to which the inputs to the fair value measurements are\nobservable and the significance of the inputs to the fair value\nmeasurement in its entirety, which are described as\nfollows:\n\u00a0\n- Level 1 inputs are\nquoted prices (unadjusted) in active markets for identical assets\nor liabilities that the entity can access at the measurement\ndate;\n- Level 2 inputs are\ninputs, other than quoted prices included within Level 1, that are\nobservable for the asset or liability, either directly or\nindirectly; and\n- Level 3 inputs are\nunobservable inputs for the asset or liability.\u00a0\n\u00a0\nFor assets and\nliabilities that are recognised in the financial statements at fair\nvalue on a recurring basis, the Holding Company determines when\ntransfers are deemed to have occurred between Levels in the\nhierarchy at the end of each reporting period.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfFinancialStatements", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Qg4UV6L7M0": { "value": "The financial statements\nof the Holding Company and consolidated financial statements of the\nGroup have been prepared on the historical cost basis except for\ncertain property, plant and equipment and financial assets at fair\nvalue through other comprehensive income which are stated at their\nfair values and in accordance with International Financial\nReporting Standards (IFRS) as issued by the International\nAccounting Standards Board (IASB) and as adopted by the European\nUnion (EU).\u00a0 They have been prepared under the assumption that\nthe Group operates on a going concern basis.\u00a0", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "t6C_lQ_crA": { "value": "They have been prepared under the assumption that\nthe Group operates on a going concern basis", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "c0YiV5iQBY": { "value": "2.\u00a0\n\u00a0\u00a0\u00a0\u00a0\u00a0 Material accounting\npolicies
\n\u00a0
\nBasis of\nconsolidation
\n\u00a0
\nThe consolidated\nfinancial statements incorporate the financial statements of the\nHolding Company and entities controlled by the Holding Company (its\nsubsidiaries).\u00a0 A subsidiary is an entity that is controlled\nby the Holding Company.\u00a0 The Holding Company controls an\ninvestee when the Holding Company is exposed, or has rights, to\nvariable returns from its involvement with the investee and has the\nability to affect those returns through its power over the\ninvestee.\u00a0
\n\u00a0
\nThe results of\nsubsidiaries acquired or disposed of during the year are included\nin the consolidated statement of comprehensive income from the\neffective date of acquisition or up to the effective date of\ndisposal, as appropriate.\u00a0 Where necessary, in preparing these\nconsolidated financial statements, appropriate adjustments are made\nto the financial statements of subsidiaries to bring their\naccounting policies in line with those used by the group\nentities.
\n\u00a0
\nAll intra-group\ntransactions, balances, income and expenses are eliminated on\nconsolidation.\u00a0
\n\u00a0
\nBusiness\ncombinations
\n\u00a0
\nAcquisitions of\nbusinesses are accounted for using the acquisition method.\u00a0\nThe consideration transferred in a business combination is measured\nat fair value, which is calculated as the sum of the\nacquisition-date fair values of the assets transferred by the\nGroup, liabilities incurred by the Group to the former owners of\nthe acquiree and the equity interests issued by the Group in\nexchange for control of the acquiree.\u00a0 Acquisition-related\ncosts are generally recognised in profit or loss as\nincurred.\u00a0
\n\u00a0
\nAt the acquisition date,\nthe identifiable assets acquired and the liabilities assumed are\nrecognised at their fair value, except where the exceptions to the\nrecognition or measurement principles apply.\u00a0
\n\u00a0
\nGoodwill is measured as\nthe excess of the sum of the consideration transferred, the amount\nof any non-controlling interests in the acquiree, and the fair\nvalue of the acquirer's previously held equity interest in the\nacquiree (if any) over the net of the acquisition-date amounts of\nthe identifiable assets acquired and the liabilities assumed.\u00a0\nIf, after reassessment, the net of the acquisition-date amounts of\nthe identifiable assets acquired and liabilities assumed exceeds\nthe sum of the consideration transferred, the amount of any\nnon-controlling interests in the acquiree and the fair value of the\nacquirer's previously held interest in the acquiree (if any), the\nexcess is recognised immediately in profit or loss as a bargain\npurchase gain.\u00a0
\n\u00a0
\nWhere a business\ncombination is achieved in stages, the Group\u2019s previously\nheld interests in the acquired entity are remeasured to fair value\nat the acquisition date and the resulting gain or loss, if any, is\nrecognised in profit or loss.\u00a0 Amounts previously recognised\nin other comprehensive income in relation to the acquiree are\naccounted for in the same manner as would be required if the\ninterest were disposed of.\u00a0
\n\u00a0
\nChanges in the\nGroup\u2019s interest in a subsidiary that do not result in a loss\nof control are accounted for as equity transactions.\u00a0 In such\ncircumstances, the carrying amounts of the Group\u2019s interests\nand the non-controlling interests are adjusted to reflect the\nchanges in their relative interests in the subsidiary.\u00a0 Any\ndifference between the amount by which the non-controlling\ninterests are adjusted and the fair value of the consideration paid\nor received is recognised directly in equity and attributed to the\nowners of the Holding Company.\u00a0
\n\u00a0
\nWhere the Group loses\ncontrol of a subsidiary, the profit or loss on disposal is\ncalculated as the difference between (i) the aggregate of the fair\nvalue of the consideration received and the fair value of any\nretained interest and (ii) the previous carrying amount of the\nassets (including goodwill) and liabilities of the subsidiary and\nany non-controlling interests.\u00a0 Amounts previously recognised\nin other comprehensive income in relation to the subsidiary are\naccounted for in the same manner as would be required if the\nrelevant assets or liabilities were disposed of.\u00a0 The fair\nvalue of any investment retained in the former subsidiary at the\ndate when control is lost is regarded as the fair value on initial\nrecognition for subsequent accounting under IFRS 9 Financial\nInstruments or, when applicable, the cost on initial\nrecognition of an investment in an associate or jointly controlled\nentity.\u00a0
\n\u00a0
\nGoodwill
\n\u00a0
\nGoodwill arising on an\nacquisition of a business is carried at cost as established at the\ndate of acquisition of the business less accumulated impairment\nlosses, if any.\u00a0
\n\u00a0
\nFor the purposes of\nimpairment testing, goodwill is allocated to each of the Group's\ncash-generating units (or groups of cash-generating units) that is\nexpected to benefit from the synergies of the\ncombination.
\n\u00a0
\nA cash-generating unit\nto which goodwill has been allocated is tested for impairment\nannually, or more frequently when there is indication that the unit\nmay be impaired.\u00a0 If the recoverable amount of the\ncash-generating unit is less than its carrying amount, the\nimpairment loss is allocated first to reduce the carrying amount of\nany goodwill allocated to the unit and then to the other assets of\nthe unit pro rata based on the carrying amount of each asset in the\nunit.\u00a0 Any impairment loss for goodwill is recognised directly\nin profit or loss in the consolidated statement of comprehensive\nincome.\u00a0 An impairment loss recognised for goodwill is not\nreversed in subsequent periods.\u00a0
\n\u00a0
\nOn disposal of the\nrelevant cash-generating unit, the attributable amount of goodwill\nis included in the determination of the profit or loss on\ndisposal.\u00a0
\n\u00a0
\nInvestment in\nsubsidiaries
\n\u00a0
\nA subsidiary is an\nentity that is controlled by the Holding Company.\u00a0 The Holding\nCompany controls an investee when the Holding Company is exposed,\nor has rights, to variable returns from its involvement with the\ninvestee and has the ability to affect those returns through its\npower over the investee.\u00a0
\n\u00a0
\nInvestments in\nsubsidiaries, in the Holding Company\u2019s financial statements\nare stated at cost less any accumulated impairment losses.\u00a0\nDividends from the investments are recognised in profit or\nloss.\u00a0
\n\u00a0
\nAt each reporting date,\nthe Holding Company reviews the carrying amount of its investments\nin subsidiaries to determine whether there is any indication of\nimpairment and, if any such indication exists, the recoverable\namount of the investment is estimated.\u00a0 An impairment loss is\nthe amount by which the carrying amount of an investment exceeds\nits recoverable amount.\u00a0 The recoverable amount is the higher\nof fair value less costs to sell and value in use.\u00a0 An\nimpairment loss that has been previously recognised is reversed if\nthe carrying amount of the investment exceeds its recoverable\namount.\u00a0 An impairment loss is reversed only to the extent\nthat the carrying amount of the investment does not exceed the\ncarrying amount that would have been determined if no impairment\nloss had been previously recognised.\u00a0 Impairment losses and\nreversals are recognised immediately in profit or\nloss.\u00a0
\n\u00a0
\nProperty, plant and\nequipment
\n\u00a0
\nThe Group\u2019s\nproperty, plant and equipment are classified into the following\nclasses \u2013 land and buildings, improvement to premises, motor\nvehicles, plant and equipment and other equipment.\u00a0 The\nHolding Company\u2019s property, plant and equipment are\nclassified into furniture, fixtures and other\nequipment.\u00a0
\n\u00a0
\nProperty, plant and\nequipment are initially measured at acquisition cost, including any\ncosts directly attributable to bringing the assets to the location\nand condition necessary for them to be capable of operating in the\nmanner intended by the Group\u2019s management.\u00a0 Subsequent\ncosts are included in the asset\u2019s carrying amount when it is\nprobable that future economic benefits associated with the item\nwill flow to the Group and the cost of the item can be measured\nreliably.\u00a0 Expenditure on repairs and maintenance of property,\nplant and equipment is recognised as an expense when\nincurred.\u00a0
\n\u00a0
\nLand and buildings are\nheld for use in the production or supply of goods or services or\nfor administrative purposes.\u00a0 Subsequent to initial\nrecognition, land and buildings are stated at cost less any\naccumulated depreciation and any accumulated impairment\nlosses.\u00a0 Land and buildings are measured at fair value based\non periodic, but at least triennial, valuations by external\nindependent valuers, less subsequent depreciation for\nbuildings.\u00a0 A revaluation surplus is credited to other\nreserves in shareholders equity.\u00a0
\n\u00a0
\nImprovements to premises\nincorporate all costs incurred, including acquisition costs and\nother costs attributable to bring the leased premises to the\ndesign, specifications and conditions requested by\nMcDonald\u2019s.\u00a0 Subsequent to initial recognition,\nimprovements to premises are stated at cost less any accumulated\ndepreciation and any accumulated impairment\nlosses.\u00a0
\n\u00a0
\nOther tangible assets\nare stated at cost less any accumulated depreciation and any\naccumulated impairment losses.\u00a0
\n\u00a0
\nProperty, plant and\nequipment are derecognised when no future economic benefits are\nexpected from their use or upon disposal. Gains or losses arising\nfrom derecognition represent the difference between the net\ndisposal proceeds, if any, and the carrying amount, and are\nincluded in profit or loss within administrative expenses in the\nperiod of derecognition.\u00a0
\n\u00a0
\nDepreciation
\n\u00a0
\nDepreciation commences\nwhen the depreciable assets are available for use and is charged to\nprofit or loss so as to write off the cost, less any estimated\nresidual value, over their estimated useful lives, using the\nstraight-line method, on the following bases:
\n\u00a0
\n| \n Buildings 2.5% per\nannum (or till end of lease) \n | \n
| \n Improvements to\npremises\u00a0 2.5% per annum (or till end of\nlease) \n | \n
| \n Motor vehicles\u00a0\n20% per annum \n | \n
| \n Plant and\nequipment\u00a0 10% - 50% per annum \n | \n
| \n Furniture, fixtures and\nother equipment 6.667% - 20% per annum \n | \n
\u00a0
\nNo depreciation is\ncharged on land.\u00a0
\n\u00a0
\nThe depreciation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting period.\u00a0\nDuring the year, the Group revised its depreciation\npolicy.
\n\u00a0
\nIn the case of\nright-of-use assets, expected useful lives are determined by\nreference to comparable owned assets or the lease term, if\nshorter.\u00a0 Material residual value estimates and estimates of\nuseful life are updated as required, but at least\nannually.\u00a0
\n\u00a0
\nIntangible\nassets
\n\u00a0
\nAn intangible asset is\nrecognised if it is probable that the expected future economic\nbenefits that are attributable to the asset will flow to the Group\nand the Holding Company and the cost of the asset can be measured\nreliably.\u00a0
\n\u00a0
\nIntangible assets are\ninitially measured at cost, being the fair value at the acquisition\ndate for intangible assets acquired in a business\ncombination.\u00a0 Expenditure on an intangible asset is recognised\nas an expense in the period when it is incurred unless it forms\npart of the cost of the asset that meets the recognition criteria\nor the item is acquired in a business combination and cannot be\nrecognised as an intangible asset, in which case it forms part of\ngoodwill at the acquisition date.\u00a0
\n\u00a0
\nThe useful life of\nintangible assets is assessed to determine whether it is finite or\nindefinite.\u00a0 Intangible assets with a finite useful life are\namortised.\u00a0 Amortisation is charged to profit or loss so as to\nwrite off the cost of intangible assets less any estimated residual\nvalue, over the estimated useful lives.\u00a0 The amortisation\nmethod applied, the residual value and the useful life are\nreviewed, and adjusted if appropriate, at\nthe end of each reporting period.\u00a0
\n\u00a0
\nIntangibles are\nderecognised when no future economic benefits are expected from\ntheir use or upon disposal.\u00a0 Gains or losses arising from\nderecognition represent the difference between the net disposal\nproceeds, if any, and the carrying amount, and are included in\nprofit or loss within administrative expenses in the period of\nderecognition.\u00a0
\n\u00a0
\n(i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSupport services licence
\n\u00a0
\nAfter initial\nrecognition, support services licence is carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Support services licence is written off to profit or\nloss by equal instalments over the term of the support services\nagreement with the subsidiaries, being twenty\nyears.\u00a0
\n\u00a0
\n(ii) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nComputer software
\n\u00a0
\nIn determining the\nclassification of an asset that incorporates both intangible and\ntangible elements, judgement is used in assessing which element is\nmore significant.\u00a0 Computer software which is an integral part\nof the related hardware is classified as property, plant and\nequipment and accounted for in accordance with the Group\u2019s\naccounting policy on property, plant and equipment.\u00a0 Where the\nsoftware is not an integral part of the related hardware, this is\nclassified as an intangible asset and carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Computer software classified as an intangible asset\nis amortised on a straight-line basis over five\nyears.\u00a0
\n\u00a0
\n(iii)\u00a0\u00a0\u00a0\u00a0\u00a0 Acquired rights
\n\u00a0
\nAcquired rights are\nclassified as intangible assets.\u00a0 After initial recognition,\nacquired rights are carried at cost less any accumulated\namortisation and any accumulated impairment losses.\u00a0 Acquired\nrights are amortised on a straight-line basis over twenty\nyears.\u00a0 During the year, the Group revised its amortisation\npolicy.
\n\u00a0
\n(iv) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nFranchise fees
\n\u00a0
\nAfter initial\nrecognition, franchise fees are carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Franchise fees are written off to profit or loss by\nequal instalments over the term of the franchise\nagreement.\u00a0
\n\u00a0
\nFinancial\ninstruments
\n\u00a0
\n(i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRecognition and derecognition
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised when the Group and the Holding\nCompany become a party to the contractual provisions of the\nfinancial instrument.\u00a0
\n\u00a0
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and\nsubstantially all the risks and rewards are transferred.\u00a0 A\nfinancial liability is derecognised when it is extinguished,\ndischarged, cancelled or expires.\u00a0
\n\u00a0
\n(ii) \u00a0\u00a0\u00a0\u00a0\u00a0 Classification and initial measurement of financial\nassets
\n\u00a0
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).\u00a0
\n\u00a0
\nFinancial assets, other\nthan those designated and effective as hedging instruments, are\nclassified into the following categories:
\n\u00a0
\n| \n - \n | \n\n Amortised\ncost; \n | \n
| \n - \n | \n\n Fair value through profit\nor loss (FVTPL); or \n | \n
| \n - \n | \n\n Fair value through other\ncomprehensive income (FVOCI).\u00a0 \n | \n
\u00a0
\nIn the periods presented\nthe Group and the Holding Company does not have any financial\nassets categorised as FVTPL.\u00a0
\n\u00a0
\nThe classification is\ndetermined by both:
\n\u00a0
\n| \n - \n | \n\n The entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n - \n | \n\n The contractual cash flow\ncharacteristics of the financial asset.\u00a0 \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in profit or loss\nare presented within finance costs, investment income or other\nfinancial items, except for impairment of trade receivables which\nis presented within administrative expenses.\u00a0
\n\u00a0
\n(iii) \u00a0\u00a0\u00a0\u00a0 Subsequent measurement of financial assets
\n\u00a0
\nFinancial assets at\namortised cost
\n\u00a0
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n\u00a0
\n| \n - \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n - \n | \n\n the contractual terms of the\nfinancial assets give rise to cash flows that are solely payments\nof principal and interest on the principal amount\noutstanding.\u00a0 \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method.\u00a0 Discounting is omitted where the\neffect of discounting is immaterial.\u00a0 The Group\u2019s and\nHolding Company\u2019s cash and cash equivalents, loans and\nreceivables, trade and most other receivables and other financial\nassets fall into this category of financial\ninstruments.\u00a0
\n\u00a0
\nFinancial assets at\nfair value through other comprehensive income\n(FVOCI)
\n\u00a0
\nThe Group and the\nHolding Company account for financial assets at FVOCI if the assets\nmeet the following conditions:
\n\u00a0
\n| \n - \n | \n\n they are held under a\nbusiness model whose objective is \u201chold to collect\u201d the\nassociated cash flows and sell, and \n | \n
| \n - \n | \n\n the contractual terms of the\nfinancial assets give rise to cash flows that are solely payments\nof principal and interest on the principal amount\noutstanding.\u00a0 \n | \n
\u00a0
\nAny gains or losses\nrecognised in other comprehensive income (OCI) will be recycled\nupon derecognition of the asset.\u00a0 The Group\u2019s and\nHolding Company\u2019s local and foreign listed debt and equity\ninstruments fall into this category of financial\ninstruments.\u00a0
\n\u00a0
\n(iv) \u00a0\u00a0\u00a0\u00a0 Impairment of financial assets
\n\u00a0
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss (ECL) model\u2019.\u00a0 Instruments within the scope of the\nrequirements include loans and other debt-type financial assets\nmeasured at amortised cost and FVOCI, trade receivables, contract\nassets recognised and measured under IFRS 15 and loan commitments\nand some financial guarantee contracts (for the issuer) that are\nnot measured at fair value through profit or loss.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company consider a broader range of information when\nassessing credit risk and measuring expected credit losses,\nincluding past events, current conditions, reasonable and\nsupportable forecasts that affect the expected collectability of\nthe future cash flows of the instrument.\u00a0
\n\u00a0
\nIn applying this\nforward-looking approach, a distinction is made\nbetween:
\n\u00a0
\n| \n - \n | \n\n financial instruments that\nhave not deteriorated significantly in credit quality since initial\nrecognition or that have low credit risk (\u2018Stage 1\u2019);\nand \n | \n
| \n - \n | \n\n financial instruments that\nhave deteriorated significantly in credit quality since initial\nrecognition and whose credit risk is not low (\u2018Stage\n2\u2019).\u00a0 \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.\u00a0
\n\u00a0
\n\u201812-month expected\ncredit losses\u2019 are recognised for the first category while\n\u2018lifetime expected credit losses\u2019 are recognised for\nthe second category.\u00a0
\n\u00a0
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.\u00a0
\n\u00a0
\nReceivables
\n\u00a0
\nThe Group makes use of a\nsimplified approach in accounting for loans and receivables and\ntrade and other receivables as well as contract assets and records\nthe loss allowance as lifetime expected credit losses.\u00a0 These\nare the expected shortfalls in contractual cash flows, considering\nthe potential for default at any point during the life of the\nfinancial instrument.\u00a0 In calculating, the Group uses its\nhistorical experience, external indicators and forward-looking\ninformation to calculate the expected credit losses using a\nprovision matrix.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company assesses impairment of loans, trade receivables and\nother receivables on a collective basis as they possess shared\ncredit risk characteristics.\u00a0 As at the end of the reporting\nperiod, the Group\u2019s and Holding Company\u2019s receivables\nhave been assessed for impairment and are not significantly\nimpaired to disclose within these financial\nstatements.\u00a0
\n\u00a0
\n(v) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nClassification and measurement of financial\nliabilities
\n\u00a0
\nThe Group\u2019s and\nHolding Company\u2019s financial liabilities include debt\nsecurities in issue, bank borrowings, trade and other payables,\nlease liabilities, derivative financial instruments and other\nfinancial liabilities.\u00a0
\n\u00a0
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the Group and the Holding\nCompany designated a financial liability at fair value through\nprofit or loss.\u00a0
\n\u00a0
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method except for derivatives and financial liabilities\ndesignated at FVTPL, which are carried subsequently at fair value\nwith gains or losses recognised in profit or loss.\u00a0
\n\u00a0
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in profit or loss are included within\nfinance costs or finance income.\u00a0
\n\u00a0
\n(vi) \u00a0\u00a0\u00a0\u00a0 Derivative financial instruments
\n\u00a0
\nDerivative financial\ninstruments are accounted for at FVTPL unless they are designated\nas effective hedging instruments.\u00a0 During the year under\nreview and during the prior year, the Group did not designate any\nof its derivative financial instruments in a hedging relationship\nfor accounting purposes.\u00a0 After initial recognition,\nderivative financial instruments are measured at their fair\nvalue.\u00a0 Gains and losses arising from a change in fair value\nare recognised in profit or loss in the period in which they\narise.\u00a0
\n\u00a0
\nInventories
\n\u00a0
\nInventories are stated\nat the lower of cost and net realisable value.\u00a0 The Group\nconsiders the nature and use of the inventory when calculating the\ncost of inventories.
\n\u00a0
\nCost is calculated using\nthe weighted average method and comprises expenditure incurred in\nacquiring the inventories and other costs incurred in bringing\ninventories to their present location and condition.\u00a0 Net\nrealisable value represents the estimated selling price in the\nordinary course of business less the costs to be incurred in\nmarketing, selling and distribution.\u00a0
\n\u00a0
\nProvisions,\ncontingent assets and contingent liabilities
\n\u00a0
\nProvisions are\nrecognised when the Group and Holding Company has a present legal\nor constructive obligation as a result of a past event, it is\nprobable that an outflow of resources embodying economic benefits\nwill be required to settle the obligation and a reliable estimate\ncan be made of the amount of the obligation.\u00a0 Provisions are\nmeasured at the directors\u2019 best estimate of the expenditure\nrequired to settle the present obligation at the end of the\nreporting period.\u00a0 If the effect of the time value of money is\nmaterial, provisions are determined by discounting the expected\nfuture cash flows at a pre-tax rate that reflects current market\nassessments of the time value of money and, where appropriate, the\nrisks specific to the liability.\u00a0 Provisions are not\nrecognised for future operating losses.\u00a0
\n\u00a0
\nAny reimbursement that\nthe Group and the Holding Company are virtually certain to collect\nfrom a third party with respect to the obligation is recognised as\na separate asset.\u00a0 However, this asset may not exceed the\namount of the related provision.\u00a0
\n\u00a0
\nNo liability is\nrecognised if an outflow of economic resources as a result of\npresent obligations is not probable.\u00a0 Such situations are\ndisclosed as contingent liabilities unless the outflow of resources\nis remote.\u00a0
\n\u00a0
\nImpairment testing\nof goodwill, other intangible assets, property, plant and equipment\nand long term prepayments
\n\u00a0
\nFor impairment\nassessment purposes, assets are grouped at the lowest levels for\nwhich there are largely independent cash inflows (cash-generating\nunits).\u00a0 As a result, some assets are tested individually for\nimpairment and some are tested at cash-generating unit level.\u00a0\nGoodwill is allocated to those cash-generating units that are\nexpected to benefit from synergies of a related business\ncombination and represent the lowest level within the Group at\nwhich management monitors goodwill.\u00a0
\n\u00a0
\nCash-generating units to\nwhich goodwill has been allocated (determined by the Group\u2019s\nmanagement as equivalent to its operating segments) are tested for\nimpairment at least annually.\u00a0 All other individual assets or\ncash-generating units are tested for impairment whenever events or\nchanges in circumstances indicate that the carrying amount may not\nbe recoverable.\u00a0
\n\u00a0
\nAn impairment loss is\nrecognised for the amount by which the asset\u2019s (or\ncash-generating unit\u2019s) carrying amount exceeds its\nrecoverable amount, which is the higher of fair value less costs of\ndisposal and value-in-use.\u00a0 To determine the value-in-use,\nmanagement estimates expected future cash flows from each\ncash-generating unit and determines a suitable discount rate in\norder to calculate the present value of those cash flows.\u00a0 The\ndata used for impairment testing procedures are directly linked to\nthe Group\u2019s latest approved budget, adjusted as necessary to\nexclude the effects of future reorganisations and asset\nenhancements.\u00a0 Discount factors are determined individually\nfor each cash-generating unit and reflect current market\nassessments of the time value of money and asset-specific risk\nfactors.\u00a0
\n\u00a0
\nImpairment losses for\ncash-generating units reduce first the carrying amount of any\ngoodwill allocated to that cash-generating unit.\u00a0 Any\nremaining impairment loss is charged pro rata to the other assets\nin the cash-generating unit.\u00a0
\n\u00a0
\nWith the exception of\ngoodwill, all assets are subsequently reassessed for indications\nthat an impairment loss previously recognised may no longer\nexist.\u00a0 An impairment loss is reversed if the asset\u2019s or\ncash-generating unit\u2019s recoverable amount exceeds its\ncarrying amount.\u00a0
\n\u00a0
\nImpairment losses are\nrecognised immediately in profit or loss.\u00a0
\n\u00a0
\nIn the case of other\nassets tested for impairment, an impairment loss recognised in a\nprior year is reversed if there has been a\nchange in the estimates used to determine the asset\u2019s\nrecoverable amount since the last impairment loss was\nrecognised.\u00a0
\n\u00a0
\nWhere an impairment loss\nsubsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but so\nthat the increased carrying amount does not exceed the carrying\namount that would have been determined had no impairment loss been\nrecognised for the asset in prior years.\u00a0
\n\u00a0
\nAn impairment loss\nrecognised for goodwill is not reversed in\na subsequent period.\u00a0 Impairment reversals are recognised\nimmediately in profit or loss.\u00a0
\n\u00a0
\nRevenue\nrecognition
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n 1. \n | \n\n Identifying the\ncontract with a customer \n | \n
| \n 2. \n | \n\n Identifying the\nperformance obligations \n | \n
| \n 3. \n | \n\n Determining the\ntransaction price \n | \n
| \n 4. \n | \n\n Allocating the\ntransaction price to the performance obligations \n | \n
| \n 5. \n | \n\n Recognising revenue\nwhen/as performance obligation(s) are satisfied. \n | \n
\u00a0
\nThe Holding Company\noften enters into transactions involving a range of services.\u00a0\nIn all cases, the total transaction price for a contract is\nallocated amongst the various performance obligations based on\ntheir relative stand-alone selling\nprices.\u00a0 The transaction price for a contract excludes any\namounts collected on behalf of third parties, VAT and trade\ndiscounts.\u00a0
\n\u00a0
\nRevenue is recognised\neither at a point in time or over time, when (or as) the Group\nsatisfies performance obligations by\ntransferring the promised goods or services to its customers.\u00a0\nThe following specific criteria must also be met:
\n\u00a0
\n| \n - \n | \n\n Sale of\ngoods \n\u00a0 \nRevenue from the sale\nof goods is recognised on the transfer of the risks and rewards of\nownership, which generally coincides with the time of delivery,\nwhen the costs incurred or to be incurred in respect of the\ntransaction can be measured reliably and when the Group retains\nneither continuing managerial involvement to the degree usually\nassociated with ownership nor effective control over the goods\nsold.\u00a0 \n\u00a0 \n | \n
| \n - \n | \n\n Provision of\nservices \n\u00a0 \nRevenue from the\nprovision of services is recognised in the period in which the\nservices are rendered.\u00a0 For practical purposes, when services\nare performed by an indeterminate number of acts over a specified\nperiod of time, revenue is recognised on a straight-line basis over\nthe specified period unless there is evidence that some other\nmethod better represents the stage of completion. \n\u00a0 \n | \n
| \n - \n | \n\n Interest\nincome \n\u00a0 \nInterest income is\naccrued on a timely basis, by reference to the principal\noutstanding and at the effective interest rate applicable, which is\nthe rate that exactly discounts the estimated future cash receipts\nthrough the expected life of the financial asset to the assets net\ncarrying amount.\u00a0 \n\u00a0 \n | \n
| \n - \n | \n\n Dividend\nincome \n\u00a0 \nDividend income is\nrecognised when the shareholder\u2019s right to receive payment\nhas been established and provided that it is probable that the\neconomic benefits will flow to the Group and the amount of income\ncan be measured reliably.\u00a0 \n\u00a0 \n | \n
\u00a0
\nCustomer loyalty\nprogramme
\n\u00a0
\nThe Group\u2019s\nsubsidiaries operate a customer loyalty incentive programme. For\neach one Euro or one Romanian Lei spent, customers obtain ten\nloyalty points which they can redeem to receive discounts or free\nitems on future purchases.\u00a0 Loyalty points are considered to\nbe a separate performance obligation as\nthey provide customers with a material right they would not have\nreceived otherwise. Unused points expire if not used within six\nmonths.\u00a0
\n\u00a0
\nThe Group allocates the\ntransaction price between the material right and other performance\nobligations identified in a contract on a relative stand-alone\nselling price basis.\u00a0 The amount allocated to the mat\nerial right is initially recorded as a contract\nliability and is later recognised in revenue when the points are\nredeemed by the customer.\u00a0 The Group\u2019s experience is\nthat a portion of the loyalty points will expire without being used\n(\u2018breakage\u2019).\u00a0 The Group recognises revenue from\nexpected breakage in proportion to the points redeemed and trues-up\nthis estimate when points expire.\u00a0 The Group has assessed it\nis highly improbable a significant reversal of revenue will arise\nif actual experience differs from expectations and therefore no\nfurther revenue constraint is needed.
\n\u00a0
\nOperating\nexpenses
\n\u00a0
\nOperating expenses are\nrecognised in profit or loss upon utilisation of the service or as\nincurred.\u00a0
\n\u00a0
\nBorrowing\ncosts
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing.\u00a0 Borrowing\ncosts directly attributable to the acquisition, construction or\nproduction of qualifying assets, which are assets that necessarily\ntake a substantial period of time to get ready for their intended use or sale,\nare capitalised from the time that expenditure for these assets and\nborrowing costs are being incurred and activities that are\nnecessary to prepare these assets for their intended use or sale\nare in progress.\u00a0 Borrowing costs are capitalised until such\ntime as the assets are substantially ready for their intended use\nor sale .\u00a0 Borrowing costs are\nsuspended during extended periods in which active development is\ninterrupted.\u00a0 All other borrowing costs are recognised as an\nexpense in profit or loss in the period in which they are\nincurred.
\n\u00a0
\nLeases
\n\u00a0
\nLeases are\nclassified as finance leases whenever the terms of\nthe lease transfer substantially all the risks and rewards\nincidental to ownership to the lessee.
\n\u00a0
\nThe Group and the\nHolding Company consider whether a contract is, or contains a lease\nat the inception of the c ontract.\u00a0 A\nlease is defined as a contract, or part of a contract, that coveys\nthe right to use an asset (the underlying asset) for a period of\ntime in exchange for consideration.\u00a0 To apply this definition\nthe Group and the Holding Company assesses whether the contract\nmeets three key evaluations which are whether:
\n\u00a0
\n| \n - \n | \n\n the contract contains an\nidentified asset, which is either explicitly identified in the\ncontract or implicitly specified by being identified at the time\nthe asset is made available to the Group and the Holding\nCompany; \n | \n
| \n - \n | \n\n the Group and the Holding\nCompany have the right to obtain substantially all of the economic\nbenefits from use of the identified asset throughout the period of\nuse, considering its rights within the defined scope of the\ncontract; \n | \n
| \n - \n | \n\n the Group and the Holding\nCompany have the right to direct the use of the identified asset\nthroughout the period of use.\u00a0 The Group and the Holding\nCompany assess whether it has the right to direct how and for what\npurpose the asset is used throughout the period of\nuse.\u00a0 \n | \n
\u00a0
\nAt lease commencement\ndate, the Group and the Holding Company recognises a right-of-use\nasset and a lease liability on the statement of financial\nposition.\u00a0 The right-of-use asset is measured at cost, which\nis made up of the initial measurement of the lease liability, any\ninitial direct costs incurred by the Group and the Holding Company,\nan estimate of any costs to dismantle and remove the asset\nat the end of the lease, and any lease payments\nmade in advance of the lease commencement date (net of any\nincentives received).\u00a0
\n\u00a0
\nThe Group and the\nHolding Company depreciate the right-of-use assets on a\nstraight-line basis from the lease commencement date to the earlier\nof the end of the useful life of the right-of-use of asset or the\nend of the lease term.\u00a0 The Group and the Holding Company also\nassess the right-of-use asset for impairment when such indicators\nexist.
\n\u00a0
\nAt lease commencement\ndate, the Group and the Holding Company measure the lease liability\nat the present value of the lease payments unpaid at that date,\ndiscounted using the interest rate implicit in the lease if that\nrate is readily available or the Group\u2019s and Holding\nCompany\u2019s incremental borrowing rate.\u00a0
\n\u00a0
\nLease payments included\nin the measurement of the lease liability are made up of fixed\npayments (including in substance fixed), variable payments based on\nan index or rate, amounts expected to be payable under a residual\nvalue guarantee and payments arising from options reasonably\ncertain to be exercised.
\n\u00a0
\nSubsequent to\ninitial measurement, the liability will be\nreduced for payments made and increased for interest.\u00a0 It is\nremeasured to reflect any reassessment or modification, or if there\nare changes in in-substance fixed payments.\u00a0
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if\nthe right-of-use asset is already reduced to zero.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company have elected to account for short-term leases and\nleases of low-value assets using the practical expedients.\u00a0\nInstead of recognising a right-of-use asset and lease liability,\nthe payments in relation to these are recognised as an expense in\nprofit or loss on a straight-line basis over the lease\nterm.\u00a0
\n\u00a0
\nOn the statement\nof financial position, the Group and the Holding\nCompany have opted to disclose right-of-use assets and lease\nliabilities as separate financial statement line\nitems.\u00a0
\n\u00a0
\nTaxation
\n\u00a0
\nCurrent and\ndeferred tax is recognised in profit or\nloss, except when it relates to items recognised in other\ncomprehensive income or directly to equity, in which case the\ncurrent or deferred tax is also dealt with in other comprehensive income or equity.
\n\u00a0
\nCurrent tax is based on\nthe taxable result for the period.\u00a0 The taxable result for the\nperiod differs from the result as reported in profit or loss\nbecause it excludes items which are non-assessable or disallowed\nand it further excludes items that are taxable or deductible in\nother periods.\u00a0 It is calculated using tax rates that have\nbeen enacted or substantively enacted by the end of the reporting\nperiod.
\n\u00a0
\nDeferred tax is\naccounted for using the balance sheet liability method in respect\nof temporary differences arising from differences between the\ncarrying amount of assets and liabilities in the financial\nstatements and the corresponding tax bases used in the computation\nof taxable profit.\u00a0
\n\u00a0
\nDeferred tax liabilities\nare generally recognised for all taxable temporary differences and\ndeferred tax assets, including deferred tax assets for the carry\nforward of unused tax losses, are recognised to the extent that it\nis probable that taxable profits will be available against which\ndeductible temporary differences can be utilised.\u00a0
\n\u00a0
\nDeferred tax\nliabilities are not recognised if the\ntemporary difference arises from the initial recognition of\ngoodwill.\u00a0 Deferred tax assets and liabilities are not\nrecognised if the temporary difference arises from the initial\nrecognition (other than in a business combination) of other assets\nand liabilities in a transaction that affects neither accounting\nprofit nor taxable profit.
\n\u00a0
\nDeferred tax liabilities\nare not recognised for taxable temporary differences arising on\ninvestments in subsidiaries where the Holding Company is able to\ncontrol the timing of the reversal of the temporary difference and\nit is probable that the temporary difference will not reverse in\nthe foreseeable future.\u00a0 Deferred tax assets are recognised\nfor deductible temporary differences arising on investments in\nsubsidiaries where it is probable that taxable profit will be\navailable against which the temporary difference can be utilised\nand it is probable that the temporary difference will reverse in\nthe foreseeable future.\u00a0
\n\u00a0
\nThe carrying amount of\ndeferred tax assets is reviewed at the end of each reporting period\nand reduced to the extent that it is no longer probable that\nsufficient taxable profit will be available to allow all or part of\nthe asset to be utilised.\u00a0
\n\u00a0
\nDeferred tax is\ncalculated at the tax rates that are expected to apply to the\nperiod when the asset is realised or the liability is settled,\nbased on tax rates that have been enacted or substantively enacted\nby the end of the reporting period.\u00a0
\n\u00a0
\nCurrent tax assets and\nliabilities are offset when the Group and the Holding Company has a\nlegally enforceable right to set off the recognised amounts and\nintends either to settle on a net basis, or to realise the asset\nand settle the liability simultaneously.\u00a0
\n\u00a0
\nDeferred tax assets and\nliabilities are offset when the Group and the Holding Company have\na legally enforceable right to set off its current tax assets and\nliabilities and the deferred tax assets and liabilities relate to\nincome taxes levied by the same taxation authority on either the\nsame taxable entity or different taxable entities which intend\neither to settle current tax liabilities and assets on a net basis,\nor to realise the assets and settle the liabilities simultaneously,\nin each future period in which significant amounts of deferred tax\nliabilities or assets are expected to be settled or\nrecovered.\u00a0
\n\u00a0
\nEmployee\nbenefits
\n\u00a0
\nThe Group and the\nHolding Company contribute towards the state pension in accordance\nwith local legislation.\u00a0 The only obligation of the Group and\nthe Holding Company is to make the required contributions.\u00a0\nCosts are expensed in the period in which they are incurred.\u00a0\nShort-term employee benefits, including holiday entitlement, are\ncurrent liabilities, measured at the undiscounted amount the Group\nand the Holding Company expect to pay as a result of the unused\nentitlement.
\n\u00a0
\nForeign currency\ntranslation
\n\u00a0
\nThe financial statements\nof the Holding Company and the consolidated financial statements of\nthe Group are presented in its functional currency, the Euro, being\nthe currency of the primary economic environment in which the\nHolding Company operates.\u00a0 In preparing the financial\nstatements of each individual group entity, transactions in\ncurrency other than the respective entities\u2019 functional\ncurrency are recognised at the rate of exchange prevailing at the\ndate of transaction.
\n\u00a0
\nTransactions denominated\nin currencies other than the functional currency are translated at\nthe exchange rates ruling on the date of transaction.\u00a0\nMonetary assets and liabilities denominated in currencies other\nthan the functional currency are re-translated to the functional\ncurrency at the exchange rate ruling at year-end.\u00a0 Exchange\ndifferences arising on the settlement and on the re-translation of\nmonetary items are dealt with in profit or loss.\u00a0 Non-monetary\nassets and liabilities denominated in currencies other than the\nfunctional currency that are measured at fair value are\nre-translated using the exchange rate ruling on the date the fair\nvalue was measured.
\n\u00a0
\nNon-monetary assets and\nliabilities denominated in currencies other than the functional\ncurrency that are measured in terms of historical cost are not\nre-translated.\u00a0 Exchange differences arising on the\ntranslation of non-monetary items carried at fair value are\nincluded in profit or loss for the period, except for differences\narising on the re-translation of non-monetary items in respect of\nwhich gains and losses are recognised in other comprehensive\nincome.\u00a0 For such non-monetary items, any exchange component\nof that gain or loss is also recognised in other comprehensive\nincome.\u00a0
\n\u00a0
\nForeign exchange gains\nand losses are included within operating profit, except in the case\nof significant exchange differences arising on investing or\nfinancing activities, which are classified within investment\nincome, investment losses or finance costs as\nappropriate.\u00a0
\n\u00a0
\nFor the purpose of\npresenting consolidated financial statements, income and expenses\nof the Group\u2019s foreign operations are translated to Euro at\nthe average exchange rates.\u00a0 Assets and liabilities of the\nGroup\u2019s foreign operations are translated to Euro at the\nexchange rate ruling at the date of the statement of financial\nposition.\u00a0 Goodwill and fair value adjustments arising on the\nacquisition of a foreign entity have been treated as assets and\nliabilities of the foreign entity and translated into Euro at the\nclosing rate.\u00a0 Exchange differences are recognised in other\ncomprehensive income and accumulated in a separate component of\nequity.\u00a0 Such differences are reclassified from equity to\nprofit or loss in the period in which the foreign operation is\ndisposed of.
\n\u00a0
\nCash and cash\nequivalents
\n\u00a0
\nCash and cash\nequivalents comprise cash on hand and demand deposits.\u00a0 Bank\noverdrafts that are repayable on demand and form an integral part\nof the Group\u2019s and Holding Company\u2019s cash management\nare included as a component of cash and cash equivalents for the\npurposes of the statement of cash flows and are presented in\ncurrent liabilities in the statement of financial\nposition.\u00a0
\n\u00a0
\nPrepayments
\n\u00a0
\nLong term prepayments\nrepresent guarantee deposits made by the Group in order to secure\nthe lease on rented premises on which the McDonald\u2019s\nrestaurants are situated.\u00a0 Once the lease on the rented\npremises is terminated, the guarantee deposit is released, and it\nis no longer recognised within long term prepayments in the\nstatement of financial position.\u00a0 Long term prepayment for the\nHolding Company mainly represents a guarantee deposit made for the\nprovision of a leased aircraft (refer to note 19 and note\n25).\u00a0
\n\u00a0
\nEquity, reserves and\ndividend payments
\n\u00a0
\nShare capital represents\nthe nominal (par) value of shares that have been issued.\u00a0\nOther components of equity include the following:
\n\u00a0
\n| \n (i) \n | \n\n Exchange translation reserves\ncomprises foreign currency translation differences arising from the\ntranslation of transactions and balances of the Group\u2019s\nforeign entities into Euros; \n | \n
| \n (ii) \n | \n\n Fair value reserve comprises\nmovement in fair value of financial assets measured at fair value\nthrough other comprehensive income; and \n | \n
| \n (iii) \n | \n\n Other reserves - refer to\nnote 28.\u00a0 \n | \n
\u00a0
\nRetained earnings\nincludes all current and prior period retained profits.\u00a0 All\ntransactions with owners of the parent are recorded separately\nwithin equity.\u00a0
\n\u00a0
\nDividends to holders of\nequity instruments are recognised as liabilities in the period in\nwhich they are declared.\u00a0
\n\u00a0
\nDividends to holders of\nequity instruments, or of the equity component of a financial\ninstrument issued by the Holding Company, are recognised directly\nin equity.\u00a0 Dividends relating to a financial liability, or to\na component that is a financial liability, are recognised as an\nexpense in profit or loss and are presented in the statement of\nprofit or loss and other comprehensive income with finance\ncosts.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "f4d9NN4KPE": { "value": "2.\u00a0\n\u00a0\u00a0\u00a0\u00a0\u00a0 Material accounting\npolicies
\n\u00a0
\nBasis of\nconsolidation
\n\u00a0
\nThe consolidated\nfinancial statements incorporate the financial statements of the\nHolding Company and entities controlled by the Holding Company (its\nsubsidiaries).\u00a0 A subsidiary is an entity that is controlled\nby the Holding Company.\u00a0 The Holding Company controls an\ninvestee when the Holding Company is exposed, or has rights, to\nvariable returns from its involvement with the investee and has the\nability to affect those returns through its power over the\ninvestee.\u00a0
\n\u00a0
\nThe results of\nsubsidiaries acquired or disposed of during the year are included\nin the consolidated statement of comprehensive income from the\neffective date of acquisition or up to the effective date of\ndisposal, as appropriate.\u00a0 Where necessary, in preparing these\nconsolidated financial statements, appropriate adjustments are made\nto the financial statements of subsidiaries to bring their\naccounting policies in line with those used by the group\nentities.
\n\u00a0
\nAll intra-group\ntransactions, balances, income and expenses are eliminated on\nconsolidation.\u00a0
\n\u00a0
\nBusiness\ncombinations
\n\u00a0
\nAcquisitions of\nbusinesses are accounted for using the acquisition method.\u00a0\nThe consideration transferred in a business combination is measured\nat fair value, which is calculated as the sum of the\nacquisition-date fair values of the assets transferred by the\nGroup, liabilities incurred by the Group to the former owners of\nthe acquiree and the equity interests issued by the Group in\nexchange for control of the acquiree.\u00a0 Acquisition-related\ncosts are generally recognised in profit or loss as\nincurred.\u00a0
\n\u00a0
\nAt the acquisition date,\nthe identifiable assets acquired and the liabilities assumed are\nrecognised at their fair value, except where the exceptions to the\nrecognition or measurement principles apply.\u00a0
\n\u00a0
\nGoodwill is measured as\nthe excess of the sum of the consideration transferred, the amount\nof any non-controlling interests in the acquiree, and the fair\nvalue of the acquirer's previously held equity interest in the\nacquiree (if any) over the net of the acquisition-date amounts of\nthe identifiable assets acquired and the liabilities assumed.\u00a0\nIf, after reassessment, the net of the acquisition-date amounts of\nthe identifiable assets acquired and liabilities assumed exceeds\nthe sum of the consideration transferred, the amount of any\nnon-controlling interests in the acquiree and the fair value of the\nacquirer's previously held interest in the acquiree (if any), the\nexcess is recognised immediately in profit or loss as a bargain\npurchase gain.\u00a0
\n\u00a0
\nWhere a business\ncombination is achieved in stages, the Group\u2019s previously\nheld interests in the acquired entity are remeasured to fair value\nat the acquisition date and the resulting gain or loss, if any, is\nrecognised in profit or loss.\u00a0 Amounts previously recognised\nin other comprehensive income in relation to the acquiree are\naccounted for in the same manner as would be required if the\ninterest were disposed of.\u00a0
\n\u00a0
\nChanges in the\nGroup\u2019s interest in a subsidiary that do not result in a loss\nof control are accounted for as equity transactions.\u00a0 In such\ncircumstances, the carrying amounts of the Group\u2019s interests\nand the non-controlling interests are adjusted to reflect the\nchanges in their relative interests in the subsidiary.\u00a0 Any\ndifference between the amount by which the non-controlling\ninterests are adjusted and the fair value of the consideration paid\nor received is recognised directly in equity and attributed to the\nowners of the Holding Company.\u00a0
\n\u00a0
\nWhere the Group loses\ncontrol of a subsidiary, the profit or loss on disposal is\ncalculated as the difference between (i) the aggregate of the fair\nvalue of the consideration received and the fair value of any\nretained interest and (ii) the previous carrying amount of the\nassets (including goodwill) and liabilities of the subsidiary and\nany non-controlling interests.\u00a0 Amounts previously recognised\nin other comprehensive income in relation to the subsidiary are\naccounted for in the same manner as would be required if the\nrelevant assets or liabilities were disposed of.\u00a0 The fair\nvalue of any investment retained in the former subsidiary at the\ndate when control is lost is regarded as the fair value on initial\nrecognition for subsequent accounting under IFRS 9 Financial\nInstruments or, when applicable, the cost on initial\nrecognition of an investment in an associate or jointly controlled\nentity.\u00a0
\n\u00a0
\nGoodwill
\n\u00a0
\nGoodwill arising on an\nacquisition of a business is carried at cost as established at the\ndate of acquisition of the business less accumulated impairment\nlosses, if any.\u00a0
\n\u00a0
\nFor the purposes of\nimpairment testing, goodwill is allocated to each of the Group's\ncash-generating units (or groups of cash-generating units) that is\nexpected to benefit from the synergies of the\ncombination.
\n\u00a0
\nA cash-generating unit\nto which goodwill has been allocated is tested for impairment\nannually, or more frequently when there is indication that the unit\nmay be impaired.\u00a0 If the recoverable amount of the\ncash-generating unit is less than its carrying amount, the\nimpairment loss is allocated first to reduce the carrying amount of\nany goodwill allocated to the unit and then to the other assets of\nthe unit pro rata based on the carrying amount of each asset in the\nunit.\u00a0 Any impairment loss for goodwill is recognised directly\nin profit or loss in the consolidated statement of comprehensive\nincome.\u00a0 An impairment loss recognised for goodwill is not\nreversed in subsequent periods.\u00a0
\n\u00a0
\nOn disposal of the\nrelevant cash-generating unit, the attributable amount of goodwill\nis included in the determination of the profit or loss on\ndisposal.\u00a0
\n\u00a0
\nInvestment in\nsubsidiaries
\n\u00a0
\nA subsidiary is an\nentity that is controlled by the Holding Company.\u00a0 The Holding\nCompany controls an investee when the Holding Company is exposed,\nor has rights, to variable returns from its involvement with the\ninvestee and has the ability to affect those returns through its\npower over the investee.\u00a0
\n\u00a0
\nInvestments in\nsubsidiaries, in the Holding Company\u2019s financial statements\nare stated at cost less any accumulated impairment losses.\u00a0\nDividends from the investments are recognised in profit or\nloss.\u00a0
\n\u00a0
\nAt each reporting date,\nthe Holding Company reviews the carrying amount of its investments\nin subsidiaries to determine whether there is any indication of\nimpairment and, if any such indication exists, the recoverable\namount of the investment is estimated.\u00a0 An impairment loss is\nthe amount by which the carrying amount of an investment exceeds\nits recoverable amount.\u00a0 The recoverable amount is the higher\nof fair value less costs to sell and value in use.\u00a0 An\nimpairment loss that has been previously recognised is reversed if\nthe carrying amount of the investment exceeds its recoverable\namount.\u00a0 An impairment loss is reversed only to the extent\nthat the carrying amount of the investment does not exceed the\ncarrying amount that would have been determined if no impairment\nloss had been previously recognised.\u00a0 Impairment losses and\nreversals are recognised immediately in profit or\nloss.\u00a0
\n\u00a0
\nProperty, plant and\nequipment
\n\u00a0
\nThe Group\u2019s\nproperty, plant and equipment are classified into the following\nclasses \u2013 land and buildings, improvement to premises, motor\nvehicles, plant and equipment and other equipment.\u00a0 The\nHolding Company\u2019s property, plant and equipment are\nclassified into furniture, fixtures and other\nequipment.\u00a0
\n\u00a0
\nProperty, plant and\nequipment are initially measured at acquisition cost, including any\ncosts directly attributable to bringing the assets to the location\nand condition necessary for them to be capable of operating in the\nmanner intended by the Group\u2019s management.\u00a0 Subsequent\ncosts are included in the asset\u2019s carrying amount when it is\nprobable that future economic benefits associated with the item\nwill flow to the Group and the cost of the item can be measured\nreliably.\u00a0 Expenditure on repairs and maintenance of property,\nplant and equipment is recognised as an expense when\nincurred.\u00a0
\n\u00a0
\nLand and buildings are\nheld for use in the production or supply of goods or services or\nfor administrative purposes.\u00a0 Subsequent to initial\nrecognition, land and buildings are stated at cost less any\naccumulated depreciation and any accumulated impairment\nlosses.\u00a0 Land and buildings are measured at fair value based\non periodic, but at least triennial, valuations by external\nindependent valuers, less subsequent depreciation for\nbuildings.\u00a0 A revaluation surplus is credited to other\nreserves in shareholders equity.\u00a0
\n\u00a0
\nImprovements to premises\nincorporate all costs incurred, including acquisition costs and\nother costs attributable to bring the leased premises to the\ndesign, specifications and conditions requested by\nMcDonald\u2019s.\u00a0 Subsequent to initial recognition,\nimprovements to premises are stated at cost less any accumulated\ndepreciation and any accumulated impairment\nlosses.\u00a0
\n\u00a0
\nOther tangible assets\nare stated at cost less any accumulated depreciation and any\naccumulated impairment losses.\u00a0
\n\u00a0
\nProperty, plant and\nequipment are derecognised when no future economic benefits are\nexpected from their use or upon disposal. Gains or losses arising\nfrom derecognition represent the difference between the net\ndisposal proceeds, if any, and the carrying amount, and are\nincluded in profit or loss within administrative expenses in the\nperiod of derecognition.\u00a0
\n\u00a0
\nDepreciation
\n\u00a0
\nDepreciation commences\nwhen the depreciable assets are available for use and is charged to\nprofit or loss so as to write off the cost, less any estimated\nresidual value, over their estimated useful lives, using the\nstraight-line method, on the following bases:
\n\u00a0
\n| \n Buildings 2.5% per\nannum (or till end of lease) \n | \n
| \n Improvements to\npremises\u00a0 2.5% per annum (or till end of\nlease) \n | \n
| \n Motor vehicles\u00a0\n20% per annum \n | \n
| \n Plant and\nequipment\u00a0 10% - 50% per annum \n | \n
| \n Furniture, fixtures and\nother equipment 6.667% - 20% per annum \n | \n
\u00a0
\nNo depreciation is\ncharged on land.\u00a0
\n\u00a0
\nThe depreciation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting period.\u00a0\nDuring the year, the Group revised its depreciation\npolicy.
\n\u00a0
\nIn the case of\nright-of-use assets, expected useful lives are determined by\nreference to comparable owned assets or the lease term, if\nshorter.\u00a0 Material residual value estimates and estimates of\nuseful life are updated as required, but at least\nannually.\u00a0
\n\u00a0
\nIntangible\nassets
\n\u00a0
\nAn intangible asset is\nrecognised if it is probable that the expected future economic\nbenefits that are attributable to the asset will flow to the Group\nand the Holding Company and the cost of the asset can be measured\nreliably.\u00a0
\n\u00a0
\nIntangible assets are\ninitially measured at cost, being the fair value at the acquisition\ndate for intangible assets acquired in a business\ncombination.\u00a0 Expenditure on an intangible asset is recognised\nas an expense in the period when it is incurred unless it forms\npart of the cost of the asset that meets the recognition criteria\nor the item is acquired in a business combination and cannot be\nrecognised as an intangible asset, in which case it forms part of\ngoodwill at the acquisition date.\u00a0
\n\u00a0
\nThe useful life of\nintangible assets is assessed to determine whether it is finite or\nindefinite.\u00a0 Intangible assets with a finite useful life are\namortised.\u00a0 Amortisation is charged to profit or loss so as to\nwrite off the cost of intangible assets less any estimated residual\nvalue, over the estimated useful lives.\u00a0 The amortisation\nmethod applied, the residual value and the useful life are\nreviewed, and adjusted if appropriate, at\nthe end of each reporting period.\u00a0
\n\u00a0
\nIntangibles are\nderecognised when no future economic benefits are expected from\ntheir use or upon disposal.\u00a0 Gains or losses arising from\nderecognition represent the difference between the net disposal\nproceeds, if any, and the carrying amount, and are included in\nprofit or loss within administrative expenses in the period of\nderecognition.\u00a0
\n\u00a0
\n(i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSupport services licence
\n\u00a0
\nAfter initial\nrecognition, support services licence is carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Support services licence is written off to profit or\nloss by equal instalments over the term of the support services\nagreement with the subsidiaries, being twenty\nyears.\u00a0
\n\u00a0
\n(ii) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nComputer software
\n\u00a0
\nIn determining the\nclassification of an asset that incorporates both intangible and\ntangible elements, judgement is used in assessing which element is\nmore significant.\u00a0 Computer software which is an integral part\nof the related hardware is classified as property, plant and\nequipment and accounted for in accordance with the Group\u2019s\naccounting policy on property, plant and equipment.\u00a0 Where the\nsoftware is not an integral part of the related hardware, this is\nclassified as an intangible asset and carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Computer software classified as an intangible asset\nis amortised on a straight-line basis over five\nyears.\u00a0
\n\u00a0
\n(iii)\u00a0\u00a0\u00a0\u00a0\u00a0 Acquired rights
\n\u00a0
\nAcquired rights are\nclassified as intangible assets.\u00a0 After initial recognition,\nacquired rights are carried at cost less any accumulated\namortisation and any accumulated impairment losses.\u00a0 Acquired\nrights are amortised on a straight-line basis over twenty\nyears.\u00a0 During the year, the Group revised its amortisation\npolicy.
\n\u00a0
\n(iv) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nFranchise fees
\n\u00a0
\nAfter initial\nrecognition, franchise fees are carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Franchise fees are written off to profit or loss by\nequal instalments over the term of the franchise\nagreement.\u00a0
\n\u00a0
\nFinancial\ninstruments
\n\u00a0
\n(i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRecognition and derecognition
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised when the Group and the Holding\nCompany become a party to the contractual provisions of the\nfinancial instrument.\u00a0
\n\u00a0
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and\nsubstantially all the risks and rewards are transferred.\u00a0 A\nfinancial liability is derecognised when it is extinguished,\ndischarged, cancelled or expires.\u00a0
\n\u00a0
\n(ii) \u00a0\u00a0\u00a0\u00a0\u00a0 Classification and initial measurement of financial\nassets
\n\u00a0
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).\u00a0
\n\u00a0
\nFinancial assets, other\nthan those designated and effective as hedging instruments, are\nclassified into the following categories:
\n\u00a0
\n| \n - \n | \n\n Amortised\ncost; \n | \n
| \n - \n | \n\n Fair value through profit\nor loss (FVTPL); or \n | \n
| \n - \n | \n\n Fair value through other\ncomprehensive income (FVOCI).\u00a0 \n | \n
\u00a0
\nIn the periods presented\nthe Group and the Holding Company does not have any financial\nassets categorised as FVTPL.\u00a0
\n\u00a0
\nThe classification is\ndetermined by both:
\n\u00a0
\n| \n - \n | \n\n The entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n - \n | \n\n The contractual cash flow\ncharacteristics of the financial asset.\u00a0 \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in profit or loss\nare presented within finance costs, investment income or other\nfinancial items, except for impairment of trade receivables which\nis presented within administrative expenses.\u00a0
\n\u00a0
\n(iii) \u00a0\u00a0\u00a0\u00a0 Subsequent measurement of financial assets
\n\u00a0
\nFinancial assets at\namortised cost
\n\u00a0
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n\u00a0
\n| \n - \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n - \n | \n\n the contractual terms of the\nfinancial assets give rise to cash flows that are solely payments\nof principal and interest on the principal amount\noutstanding.\u00a0 \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method.\u00a0 Discounting is omitted where the\neffect of discounting is immaterial.\u00a0 The Group\u2019s and\nHolding Company\u2019s cash and cash equivalents, loans and\nreceivables, trade and most other receivables and other financial\nassets fall into this category of financial\ninstruments.\u00a0
\n\u00a0
\nFinancial assets at\nfair value through other comprehensive income\n(FVOCI)
\n\u00a0
\nThe Group and the\nHolding Company account for financial assets at FVOCI if the assets\nmeet the following conditions:
\n\u00a0
\n| \n - \n | \n\n they are held under a\nbusiness model whose objective is \u201chold to collect\u201d the\nassociated cash flows and sell, and \n | \n
| \n - \n | \n\n the contractual terms of the\nfinancial assets give rise to cash flows that are solely payments\nof principal and interest on the principal amount\noutstanding.\u00a0 \n | \n
\u00a0
\nAny gains or losses\nrecognised in other comprehensive income (OCI) will be recycled\nupon derecognition of the asset.\u00a0 The Group\u2019s and\nHolding Company\u2019s local and foreign listed debt and equity\ninstruments fall into this category of financial\ninstruments.\u00a0
\n\u00a0
\n(iv) \u00a0\u00a0\u00a0\u00a0 Impairment of financial assets
\n\u00a0
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss (ECL) model\u2019.\u00a0 Instruments within the scope of the\nrequirements include loans and other debt-type financial assets\nmeasured at amortised cost and FVOCI, trade receivables, contract\nassets recognised and measured under IFRS 15 and loan commitments\nand some financial guarantee contracts (for the issuer) that are\nnot measured at fair value through profit or loss.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company consider a broader range of information when\nassessing credit risk and measuring expected credit losses,\nincluding past events, current conditions, reasonable and\nsupportable forecasts that affect the expected collectability of\nthe future cash flows of the instrument.\u00a0
\n\u00a0
\nIn applying this\nforward-looking approach, a distinction is made\nbetween:
\n\u00a0
\n| \n - \n | \n\n financial instruments that\nhave not deteriorated significantly in credit quality since initial\nrecognition or that have low credit risk (\u2018Stage 1\u2019);\nand \n | \n
| \n - \n | \n\n financial instruments that\nhave deteriorated significantly in credit quality since initial\nrecognition and whose credit risk is not low (\u2018Stage\n2\u2019).\u00a0 \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.\u00a0
\n\u00a0
\n\u201812-month expected\ncredit losses\u2019 are recognised for the first category while\n\u2018lifetime expected credit losses\u2019 are recognised for\nthe second category.\u00a0
\n\u00a0
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.\u00a0
\n\u00a0
\nReceivables
\n\u00a0
\nThe Group makes use of a\nsimplified approach in accounting for loans and receivables and\ntrade and other receivables as well as contract assets and records\nthe loss allowance as lifetime expected credit losses.\u00a0 These\nare the expected shortfalls in contractual cash flows, considering\nthe potential for default at any point during the life of the\nfinancial instrument.\u00a0 In calculating, the Group uses its\nhistorical experience, external indicators and forward-looking\ninformation to calculate the expected credit losses using a\nprovision matrix.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company assesses impairment of loans, trade receivables and\nother receivables on a collective basis as they possess shared\ncredit risk characteristics.\u00a0 As at the end of the reporting\nperiod, the Group\u2019s and Holding Company\u2019s receivables\nhave been assessed for impairment and are not significantly\nimpaired to disclose within these financial\nstatements.\u00a0
\n\u00a0
\n(v) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nClassification and measurement of financial\nliabilities
\n\u00a0
\nThe Group\u2019s and\nHolding Company\u2019s financial liabilities include debt\nsecurities in issue, bank borrowings, trade and other payables,\nlease liabilities, derivative financial instruments and other\nfinancial liabilities.\u00a0
\n\u00a0
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the Group and the Holding\nCompany designated a financial liability at fair value through\nprofit or loss.\u00a0
\n\u00a0
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method except for derivatives and financial liabilities\ndesignated at FVTPL, which are carried subsequently at fair value\nwith gains or losses recognised in profit or loss.\u00a0
\n\u00a0
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in profit or loss are included within\nfinance costs or finance income.\u00a0
\n\u00a0
\n(vi) \u00a0\u00a0\u00a0\u00a0 Derivative financial instruments
\n\u00a0
\nDerivative financial\ninstruments are accounted for at FVTPL unless they are designated\nas effective hedging instruments.\u00a0 During the year under\nreview and during the prior year, the Group did not designate any\nof its derivative financial instruments in a hedging relationship\nfor accounting purposes.\u00a0 After initial recognition,\nderivative financial instruments are measured at their fair\nvalue.\u00a0 Gains and losses arising from a change in fair value\nare recognised in profit or loss in the period in which they\narise.\u00a0
\n\u00a0
\nInventories
\n\u00a0
\nInventories are stated\nat the lower of cost and net realisable value.\u00a0 The Group\nconsiders the nature and use of the inventory when calculating the\ncost of inventories.
\n\u00a0
\nCost is calculated using\nthe weighted average method and comprises expenditure incurred in\nacquiring the inventories and other costs incurred in bringing\ninventories to their present location and condition.\u00a0 Net\nrealisable value represents the estimated selling price in the\nordinary course of business less the costs to be incurred in\nmarketing, selling and distribution.\u00a0
\n\u00a0
\nProvisions,\ncontingent assets and contingent liabilities
\n\u00a0
\nProvisions are\nrecognised when the Group and Holding Company has a present legal\nor constructive obligation as a result of a past event, it is\nprobable that an outflow of resources embodying economic benefits\nwill be required to settle the obligation and a reliable estimate\ncan be made of the amount of the obligation.\u00a0 Provisions are\nmeasured at the directors\u2019 best estimate of the expenditure\nrequired to settle the present obligation at the end of the\nreporting period.\u00a0 If the effect of the time value of money is\nmaterial, provisions are determined by discounting the expected\nfuture cash flows at a pre-tax rate that reflects current market\nassessments of the time value of money and, where appropriate, the\nrisks specific to the liability.\u00a0 Provisions are not\nrecognised for future operating losses.\u00a0
\n\u00a0
\nAny reimbursement that\nthe Group and the Holding Company are virtually certain to collect\nfrom a third party with respect to the obligation is recognised as\na separate asset.\u00a0 However, this asset may not exceed the\namount of the related provision.\u00a0
\n\u00a0
\nNo liability is\nrecognised if an outflow of economic resources as a result of\npresent obligations is not probable.\u00a0 Such situations are\ndisclosed as contingent liabilities unless the outflow of resources\nis remote.\u00a0
\n\u00a0
\nImpairment testing\nof goodwill, other intangible assets, property, plant and equipment\nand long term prepayments
\n\u00a0
\nFor impairment\nassessment purposes, assets are grouped at the lowest levels for\nwhich there are largely independent cash inflows (cash-generating\nunits).\u00a0 As a result, some assets are tested individually for\nimpairment and some are tested at cash-generating unit level.\u00a0\nGoodwill is allocated to those cash-generating units that are\nexpected to benefit from synergies of a related business\ncombination and represent the lowest level within the Group at\nwhich management monitors goodwill.\u00a0
\n\u00a0
\nCash-generating units to\nwhich goodwill has been allocated (determined by the Group\u2019s\nmanagement as equivalent to its operating segments) are tested for\nimpairment at least annually.\u00a0 All other individual assets or\ncash-generating units are tested for impairment whenever events or\nchanges in circumstances indicate that the carrying amount may not\nbe recoverable.\u00a0
\n\u00a0
\nAn impairment loss is\nrecognised for the amount by which the asset\u2019s (or\ncash-generating unit\u2019s) carrying amount exceeds its\nrecoverable amount, which is the higher of fair value less costs of\ndisposal and value-in-use.\u00a0 To determine the value-in-use,\nmanagement estimates expected future cash flows from each\ncash-generating unit and determines a suitable discount rate in\norder to calculate the present value of those cash flows.\u00a0 The\ndata used for impairment testing procedures are directly linked to\nthe Group\u2019s latest approved budget, adjusted as necessary to\nexclude the effects of future reorganisations and asset\nenhancements.\u00a0 Discount factors are determined individually\nfor each cash-generating unit and reflect current market\nassessments of the time value of money and asset-specific risk\nfactors.\u00a0
\n\u00a0
\nImpairment losses for\ncash-generating units reduce first the carrying amount of any\ngoodwill allocated to that cash-generating unit.\u00a0 Any\nremaining impairment loss is charged pro rata to the other assets\nin the cash-generating unit.\u00a0
\n\u00a0
\nWith the exception of\ngoodwill, all assets are subsequently reassessed for indications\nthat an impairment loss previously recognised may no longer\nexist.\u00a0 An impairment loss is reversed if the asset\u2019s or\ncash-generating unit\u2019s recoverable amount exceeds its\ncarrying amount.\u00a0
\n\u00a0
\nImpairment losses are\nrecognised immediately in profit or loss.\u00a0
\n\u00a0
\nIn the case of other\nassets tested for impairment, an impairment loss recognised in a\nprior year is reversed if there has been a\nchange in the estimates used to determine the asset\u2019s\nrecoverable amount since the last impairment loss was\nrecognised.\u00a0
\n\u00a0
\nWhere an impairment loss\nsubsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but so\nthat the increased carrying amount does not exceed the carrying\namount that would have been determined had no impairment loss been\nrecognised for the asset in prior years.\u00a0
\n\u00a0
\nAn impairment loss\nrecognised for goodwill is not reversed in\na subsequent period.\u00a0 Impairment reversals are recognised\nimmediately in profit or loss.\u00a0
\n\u00a0
\nRevenue\nrecognition
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n 1. \n | \n\n Identifying the\ncontract with a customer \n | \n
| \n 2. \n | \n\n Identifying the\nperformance obligations \n | \n
| \n 3. \n | \n\n Determining the\ntransaction price \n | \n
| \n 4. \n | \n\n Allocating the\ntransaction price to the performance obligations \n | \n
| \n 5. \n | \n\n Recognising revenue\nwhen/as performance obligation(s) are satisfied. \n | \n
\u00a0
\nThe Holding Company\noften enters into transactions involving a range of services.\u00a0\nIn all cases, the total transaction price for a contract is\nallocated amongst the various performance obligations based on\ntheir relative stand-alone selling\nprices.\u00a0 The transaction price for a contract excludes any\namounts collected on behalf of third parties, VAT and trade\ndiscounts.\u00a0
\n\u00a0
\nRevenue is recognised\neither at a point in time or over time, when (or as) the Group\nsatisfies performance obligations by\ntransferring the promised goods or services to its customers.\u00a0\nThe following specific criteria must also be met:
\n\u00a0
\n| \n - \n | \n\n Sale of\ngoods \n\u00a0 \nRevenue from the sale\nof goods is recognised on the transfer of the risks and rewards of\nownership, which generally coincides with the time of delivery,\nwhen the costs incurred or to be incurred in respect of the\ntransaction can be measured reliably and when the Group retains\nneither continuing managerial involvement to the degree usually\nassociated with ownership nor effective control over the goods\nsold.\u00a0 \n\u00a0 \n | \n
| \n - \n | \n\n Provision of\nservices \n\u00a0 \nRevenue from the\nprovision of services is recognised in the period in which the\nservices are rendered.\u00a0 For practical purposes, when services\nare performed by an indeterminate number of acts over a specified\nperiod of time, revenue is recognised on a straight-line basis over\nthe specified period unless there is evidence that some other\nmethod better represents the stage of completion. \n\u00a0 \n | \n
| \n - \n | \n\n Interest\nincome \n\u00a0 \nInterest income is\naccrued on a timely basis, by reference to the principal\noutstanding and at the effective interest rate applicable, which is\nthe rate that exactly discounts the estimated future cash receipts\nthrough the expected life of the financial asset to the assets net\ncarrying amount.\u00a0 \n\u00a0 \n | \n
| \n - \n | \n\n Dividend\nincome \n\u00a0 \nDividend income is\nrecognised when the shareholder\u2019s right to receive payment\nhas been established and provided that it is probable that the\neconomic benefits will flow to the Group and the amount of income\ncan be measured reliably.\u00a0 \n\u00a0 \n | \n
\u00a0
\nCustomer loyalty\nprogramme
\n\u00a0
\nThe Group\u2019s\nsubsidiaries operate a customer loyalty incentive programme. For\neach one Euro or one Romanian Lei spent, customers obtain ten\nloyalty points which they can redeem to receive discounts or free\nitems on future purchases.\u00a0 Loyalty points are considered to\nbe a separate performance obligation as\nthey provide customers with a material right they would not have\nreceived otherwise. Unused points expire if not used within six\nmonths.\u00a0
\n\u00a0
\nThe Group allocates the\ntransaction price between the material right and other performance\nobligations identified in a contract on a relative stand-alone\nselling price basis.\u00a0 The amount allocated to the mat\nerial right is initially recorded as a contract\nliability and is later recognised in revenue when the points are\nredeemed by the customer.\u00a0 The Group\u2019s experience is\nthat a portion of the loyalty points will expire without being used\n(\u2018breakage\u2019).\u00a0 The Group recognises revenue from\nexpected breakage in proportion to the points redeemed and trues-up\nthis estimate when points expire.\u00a0 The Group has assessed it\nis highly improbable a significant reversal of revenue will arise\nif actual experience differs from expectations and therefore no\nfurther revenue constraint is needed.
\n\u00a0
\nOperating\nexpenses
\n\u00a0
\nOperating expenses are\nrecognised in profit or loss upon utilisation of the service or as\nincurred.\u00a0
\n\u00a0
\nBorrowing\ncosts
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing.\u00a0 Borrowing\ncosts directly attributable to the acquisition, construction or\nproduction of qualifying assets, which are assets that necessarily\ntake a substantial period of time to get ready for their intended use or sale,\nare capitalised from the time that expenditure for these assets and\nborrowing costs are being incurred and activities that are\nnecessary to prepare these assets for their intended use or sale\nare in progress.\u00a0 Borrowing costs are capitalised until such\ntime as the assets are substantially ready for their intended use\nor sale .\u00a0 Borrowing costs are\nsuspended during extended periods in which active development is\ninterrupted.\u00a0 All other borrowing costs are recognised as an\nexpense in profit or loss in the period in which they are\nincurred.
\n\u00a0
\nLeases
\n\u00a0
\nLeases are\nclassified as finance leases whenever the terms of\nthe lease transfer substantially all the risks and rewards\nincidental to ownership to the lessee.
\n\u00a0
\nThe Group and the\nHolding Company consider whether a contract is, or contains a lease\nat the inception of the c ontract.\u00a0 A\nlease is defined as a contract, or part of a contract, that coveys\nthe right to use an asset (the underlying asset) for a period of\ntime in exchange for consideration.\u00a0 To apply this definition\nthe Group and the Holding Company assesses whether the contract\nmeets three key evaluations which are whether:
\n\u00a0
\n| \n - \n | \n\n the contract contains an\nidentified asset, which is either explicitly identified in the\ncontract or implicitly specified by being identified at the time\nthe asset is made available to the Group and the Holding\nCompany; \n | \n
| \n - \n | \n\n the Group and the Holding\nCompany have the right to obtain substantially all of the economic\nbenefits from use of the identified asset throughout the period of\nuse, considering its rights within the defined scope of the\ncontract; \n | \n
| \n - \n | \n\n the Group and the Holding\nCompany have the right to direct the use of the identified asset\nthroughout the period of use.\u00a0 The Group and the Holding\nCompany assess whether it has the right to direct how and for what\npurpose the asset is used throughout the period of\nuse.\u00a0 \n | \n
\u00a0
\nAt lease commencement\ndate, the Group and the Holding Company recognises a right-of-use\nasset and a lease liability on the statement of financial\nposition.\u00a0 The right-of-use asset is measured at cost, which\nis made up of the initial measurement of the lease liability, any\ninitial direct costs incurred by the Group and the Holding Company,\nan estimate of any costs to dismantle and remove the asset\nat the end of the lease, and any lease payments\nmade in advance of the lease commencement date (net of any\nincentives received).\u00a0
\n\u00a0
\nThe Group and the\nHolding Company depreciate the right-of-use assets on a\nstraight-line basis from the lease commencement date to the earlier\nof the end of the useful life of the right-of-use of asset or the\nend of the lease term.\u00a0 The Group and the Holding Company also\nassess the right-of-use asset for impairment when such indicators\nexist.
\n\u00a0
\nAt lease commencement\ndate, the Group and the Holding Company measure the lease liability\nat the present value of the lease payments unpaid at that date,\ndiscounted using the interest rate implicit in the lease if that\nrate is readily available or the Group\u2019s and Holding\nCompany\u2019s incremental borrowing rate.\u00a0
\n\u00a0
\nLease payments included\nin the measurement of the lease liability are made up of fixed\npayments (including in substance fixed), variable payments based on\nan index or rate, amounts expected to be payable under a residual\nvalue guarantee and payments arising from options reasonably\ncertain to be exercised.
\n\u00a0
\nSubsequent to\ninitial measurement, the liability will be\nreduced for payments made and increased for interest.\u00a0 It is\nremeasured to reflect any reassessment or modification, or if there\nare changes in in-substance fixed payments.\u00a0
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if\nthe right-of-use asset is already reduced to zero.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company have elected to account for short-term leases and\nleases of low-value assets using the practical expedients.\u00a0\nInstead of recognising a right-of-use asset and lease liability,\nthe payments in relation to these are recognised as an expense in\nprofit or loss on a straight-line basis over the lease\nterm.\u00a0
\n\u00a0
\nOn the statement\nof financial position, the Group and the Holding\nCompany have opted to disclose right-of-use assets and lease\nliabilities as separate financial statement line\nitems.\u00a0
\n\u00a0
\nTaxation
\n\u00a0
\nCurrent and\ndeferred tax is recognised in profit or\nloss, except when it relates to items recognised in other\ncomprehensive income or directly to equity, in which case the\ncurrent or deferred tax is also dealt with in other comprehensive income or equity.
\n\u00a0
\nCurrent tax is based on\nthe taxable result for the period.\u00a0 The taxable result for the\nperiod differs from the result as reported in profit or loss\nbecause it excludes items which are non-assessable or disallowed\nand it further excludes items that are taxable or deductible in\nother periods.\u00a0 It is calculated using tax rates that have\nbeen enacted or substantively enacted by the end of the reporting\nperiod.
\n\u00a0
\nDeferred tax is\naccounted for using the balance sheet liability method in respect\nof temporary differences arising from differences between the\ncarrying amount of assets and liabilities in the financial\nstatements and the corresponding tax bases used in the computation\nof taxable profit.\u00a0
\n\u00a0
\nDeferred tax liabilities\nare generally recognised for all taxable temporary differences and\ndeferred tax assets, including deferred tax assets for the carry\nforward of unused tax losses, are recognised to the extent that it\nis probable that taxable profits will be available against which\ndeductible temporary differences can be utilised.\u00a0
\n\u00a0
\nDeferred tax\nliabilities are not recognised if the\ntemporary difference arises from the initial recognition of\ngoodwill.\u00a0 Deferred tax assets and liabilities are not\nrecognised if the temporary difference arises from the initial\nrecognition (other than in a business combination) of other assets\nand liabilities in a transaction that affects neither accounting\nprofit nor taxable profit.
\n\u00a0
\nDeferred tax liabilities\nare not recognised for taxable temporary differences arising on\ninvestments in subsidiaries where the Holding Company is able to\ncontrol the timing of the reversal of the temporary difference and\nit is probable that the temporary difference will not reverse in\nthe foreseeable future.\u00a0 Deferred tax assets are recognised\nfor deductible temporary differences arising on investments in\nsubsidiaries where it is probable that taxable profit will be\navailable against which the temporary difference can be utilised\nand it is probable that the temporary difference will reverse in\nthe foreseeable future.\u00a0
\n\u00a0
\nThe carrying amount of\ndeferred tax assets is reviewed at the end of each reporting period\nand reduced to the extent that it is no longer probable that\nsufficient taxable profit will be available to allow all or part of\nthe asset to be utilised.\u00a0
\n\u00a0
\nDeferred tax is\ncalculated at the tax rates that are expected to apply to the\nperiod when the asset is realised or the liability is settled,\nbased on tax rates that have been enacted or substantively enacted\nby the end of the reporting period.\u00a0
\n\u00a0
\nCurrent tax assets and\nliabilities are offset when the Group and the Holding Company has a\nlegally enforceable right to set off the recognised amounts and\nintends either to settle on a net basis, or to realise the asset\nand settle the liability simultaneously.\u00a0
\n\u00a0
\nDeferred tax assets and\nliabilities are offset when the Group and the Holding Company have\na legally enforceable right to set off its current tax assets and\nliabilities and the deferred tax assets and liabilities relate to\nincome taxes levied by the same taxation authority on either the\nsame taxable entity or different taxable entities which intend\neither to settle current tax liabilities and assets on a net basis,\nor to realise the assets and settle the liabilities simultaneously,\nin each future period in which significant amounts of deferred tax\nliabilities or assets are expected to be settled or\nrecovered.\u00a0
\n\u00a0
\nEmployee\nbenefits
\n\u00a0
\nThe Group and the\nHolding Company contribute towards the state pension in accordance\nwith local legislation.\u00a0 The only obligation of the Group and\nthe Holding Company is to make the required contributions.\u00a0\nCosts are expensed in the period in which they are incurred.\u00a0\nShort-term employee benefits, including holiday entitlement, are\ncurrent liabilities, measured at the undiscounted amount the Group\nand the Holding Company expect to pay as a result of the unused\nentitlement.
\n\u00a0
\nForeign currency\ntranslation
\n\u00a0
\nThe financial statements\nof the Holding Company and the consolidated financial statements of\nthe Group are presented in its functional currency, the Euro, being\nthe currency of the primary economic environment in which the\nHolding Company operates.\u00a0 In preparing the financial\nstatements of each individual group entity, transactions in\ncurrency other than the respective entities\u2019 functional\ncurrency are recognised at the rate of exchange prevailing at the\ndate of transaction.
\n\u00a0
\nTransactions denominated\nin currencies other than the functional currency are translated at\nthe exchange rates ruling on the date of transaction.\u00a0\nMonetary assets and liabilities denominated in currencies other\nthan the functional currency are re-translated to the functional\ncurrency at the exchange rate ruling at year-end.\u00a0 Exchange\ndifferences arising on the settlement and on the re-translation of\nmonetary items are dealt with in profit or loss.\u00a0 Non-monetary\nassets and liabilities denominated in currencies other than the\nfunctional currency that are measured at fair value are\nre-translated using the exchange rate ruling on the date the fair\nvalue was measured.
\n\u00a0
\nNon-monetary assets and\nliabilities denominated in currencies other than the functional\ncurrency that are measured in terms of historical cost are not\nre-translated.\u00a0 Exchange differences arising on the\ntranslation of non-monetary items carried at fair value are\nincluded in profit or loss for the period, except for differences\narising on the re-translation of non-monetary items in respect of\nwhich gains and losses are recognised in other comprehensive\nincome.\u00a0 For such non-monetary items, any exchange component\nof that gain or loss is also recognised in other comprehensive\nincome.\u00a0
\n\u00a0
\nForeign exchange gains\nand losses are included within operating profit, except in the case\nof significant exchange differences arising on investing or\nfinancing activities, which are classified within investment\nincome, investment losses or finance costs as\nappropriate.\u00a0
\n\u00a0
\nFor the purpose of\npresenting consolidated financial statements, income and expenses\nof the Group\u2019s foreign operations are translated to Euro at\nthe average exchange rates.\u00a0 Assets and liabilities of the\nGroup\u2019s foreign operations are translated to Euro at the\nexchange rate ruling at the date of the statement of financial\nposition.\u00a0 Goodwill and fair value adjustments arising on the\nacquisition of a foreign entity have been treated as assets and\nliabilities of the foreign entity and translated into Euro at the\nclosing rate.\u00a0 Exchange differences are recognised in other\ncomprehensive income and accumulated in a separate component of\nequity.\u00a0 Such differences are reclassified from equity to\nprofit or loss in the period in which the foreign operation is\ndisposed of.
\n\u00a0
\nCash and cash\nequivalents
\n\u00a0
\nCash and cash\nequivalents comprise cash on hand and demand deposits.\u00a0 Bank\noverdrafts that are repayable on demand and form an integral part\nof the Group\u2019s and Holding Company\u2019s cash management\nare included as a component of cash and cash equivalents for the\npurposes of the statement of cash flows and are presented in\ncurrent liabilities in the statement of financial\nposition.\u00a0
\n\u00a0
\nPrepayments
\n\u00a0
\nLong term prepayments\nrepresent guarantee deposits made by the Group in order to secure\nthe lease on rented premises on which the McDonald\u2019s\nrestaurants are situated.\u00a0 Once the lease on the rented\npremises is terminated, the guarantee deposit is released, and it\nis no longer recognised within long term prepayments in the\nstatement of financial position.\u00a0 Long term prepayment for the\nHolding Company mainly represents a guarantee deposit made for the\nprovision of a leased aircraft (refer to note 19 and note\n25).\u00a0
\n\u00a0
\nEquity, reserves and\ndividend payments
\n\u00a0
\nShare capital represents\nthe nominal (par) value of shares that have been issued.\u00a0\nOther components of equity include the following:
\n\u00a0
\n| \n (i) \n | \n\n Exchange translation reserves\ncomprises foreign currency translation differences arising from the\ntranslation of transactions and balances of the Group\u2019s\nforeign entities into Euros; \n | \n
| \n (ii) \n | \n\n Fair value reserve comprises\nmovement in fair value of financial assets measured at fair value\nthrough other comprehensive income; and \n | \n
| \n (iii) \n | \n\n Other reserves - refer to\nnote 28.\u00a0 \n | \n
\u00a0
\nRetained earnings\nincludes all current and prior period retained profits.\u00a0 All\ntransactions with owners of the parent are recorded separately\nwithin equity.\u00a0
\n\u00a0
\nDividends to holders of\nequity instruments are recognised as liabilities in the period in\nwhich they are declared.\u00a0
\n\u00a0
\nDividends to holders of\nequity instruments, or of the equity component of a financial\ninstrument issued by the Holding Company, are recognised directly\nin equity.\u00a0 Dividends relating to a financial liability, or to\na component that is a financial liability, are recognised as an\nexpense in profit or loss and are presented in the statement of\nprofit or loss and other comprehensive income with finance\ncosts.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "YksTviKhRN": { "value": "Basis of\nconsolidation
\n\u00a0
\nThe consolidated\nfinancial statements incorporate the financial statements of the\nHolding Company and entities controlled by the Holding Company (its\nsubsidiaries).\u00a0 A subsidiary is an entity that is controlled\nby the Holding Company.\u00a0 The Holding Company controls an\ninvestee when the Holding Company is exposed, or has rights, to\nvariable returns from its involvement with the investee and has the\nability to affect those returns through its power over the\ninvestee.\u00a0
\n\u00a0
\nThe results of\nsubsidiaries acquired or disposed of during the year are included\nin the consolidated statement of comprehensive income from the\neffective date of acquisition or up to the effective date of\ndisposal, as appropriate.\u00a0 Where necessary, in preparing these\nconsolidated financial statements, appropriate adjustments are made\nto the financial statements of subsidiaries to bring their\naccounting policies in line with those used by the group\nentities.
\n\u00a0
\nAll intra-group\ntransactions, balances, income and expenses are eliminated on\nconsolidation.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "CDgMgfAaH6": { "value": "Business\ncombinations
\n\u00a0
\nAcquisitions of\nbusinesses are accounted for using the acquisition method.\u00a0\nThe consideration transferred in a business combination is measured\nat fair value, which is calculated as the sum of the\nacquisition-date fair values of the assets transferred by the\nGroup, liabilities incurred by the Group to the former owners of\nthe acquiree and the equity interests issued by the Group in\nexchange for control of the acquiree.\u00a0 Acquisition-related\ncosts are generally recognised in profit or loss as\nincurred.\u00a0
\n\u00a0
\nAt the acquisition date,\nthe identifiable assets acquired and the liabilities assumed are\nrecognised at their fair value, except where the exceptions to the\nrecognition or measurement principles apply.\u00a0
\n\u00a0
\nGoodwill is measured as\nthe excess of the sum of the consideration transferred, the amount\nof any non-controlling interests in the acquiree, and the fair\nvalue of the acquirer's previously held equity interest in the\nacquiree (if any) over the net of the acquisition-date amounts of\nthe identifiable assets acquired and the liabilities assumed.\u00a0\nIf, after reassessment, the net of the acquisition-date amounts of\nthe identifiable assets acquired and liabilities assumed exceeds\nthe sum of the consideration transferred, the amount of any\nnon-controlling interests in the acquiree and the fair value of the\nacquirer's previously held interest in the acquiree (if any), the\nexcess is recognised immediately in profit or loss as a bargain\npurchase gain.\u00a0
\n\u00a0
\nWhere a business\ncombination is achieved in stages, the Group\u2019s previously\nheld interests in the acquired entity are remeasured to fair value\nat the acquisition date and the resulting gain or loss, if any, is\nrecognised in profit or loss.\u00a0 Amounts previously recognised\nin other comprehensive income in relation to the acquiree are\naccounted for in the same manner as would be required if the\ninterest were disposed of.\u00a0
\n\u00a0
\nChanges in the\nGroup\u2019s interest in a subsidiary that do not result in a loss\nof control are accounted for as equity transactions.\u00a0 In such\ncircumstances, the carrying amounts of the Group\u2019s interests\nand the non-controlling interests are adjusted to reflect the\nchanges in their relative interests in the subsidiary.\u00a0 Any\ndifference between the amount by which the non-controlling\ninterests are adjusted and the fair value of the consideration paid\nor received is recognised directly in equity and attributed to the\nowners of the Holding Company.\u00a0
\n\u00a0
\nWhere the Group loses\ncontrol of a subsidiary, the profit or loss on disposal is\ncalculated as the difference between (i) the aggregate of the fair\nvalue of the consideration received and the fair value of any\nretained interest and (ii) the previous carrying amount of the\nassets (including goodwill) and liabilities of the subsidiary and\nany non-controlling interests.\u00a0 Amounts previously recognised\nin other comprehensive income in relation to the subsidiary are\naccounted for in the same manner as would be required if the\nrelevant assets or liabilities were disposed of.\u00a0 The fair\nvalue of any investment retained in the former subsidiary at the\ndate when control is lost is regarded as the fair value on initial\nrecognition for subsequent accounting under IFRS 9 Financial\nInstruments or, when applicable, the cost on initial\nrecognition of an investment in an associate or jointly controlled\nentity.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "VpFmZveVHU": { "value": "Goodwill
\n\u00a0
\nGoodwill arising on an\nacquisition of a business is carried at cost as established at the\ndate of acquisition of the business less accumulated impairment\nlosses, if any.\u00a0
\n\u00a0
\nFor the purposes of\nimpairment testing, goodwill is allocated to each of the Group's\ncash-generating units (or groups of cash-generating units) that is\nexpected to benefit from the synergies of the\ncombination.
\n\u00a0
\nA cash-generating unit\nto which goodwill has been allocated is tested for impairment\nannually, or more frequently when there is indication that the unit\nmay be impaired.\u00a0 If the recoverable amount of the\ncash-generating unit is less than its carrying amount, the\nimpairment loss is allocated first to reduce the carrying amount of\nany goodwill allocated to the unit and then to the other assets of\nthe unit pro rata based on the carrying amount of each asset in the\nunit.\u00a0 Any impairment loss for goodwill is recognised directly\nin profit or loss in the consolidated statement of comprehensive\nincome.\u00a0 An impairment loss recognised for goodwill is not\nreversed in subsequent periods.\u00a0
\n\u00a0
\nOn disposal of the\nrelevant cash-generating unit, the attributable amount of goodwill\nis included in the determination of the profit or loss on\ndisposal.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "KspfLEE-ge": { "value": "Investment in\nsubsidiaries
\n\u00a0
\nA subsidiary is an\nentity that is controlled by the Holding Company.\u00a0 The Holding\nCompany controls an investee when the Holding Company is exposed,\nor has rights, to variable returns from its involvement with the\ninvestee and has the ability to affect those returns through its\npower over the investee.\u00a0
\n\u00a0
\nInvestments in\nsubsidiaries, in the Holding Company\u2019s financial statements\nare stated at cost less any accumulated impairment losses.\u00a0\nDividends from the investments are recognised in profit or\nloss.\u00a0
\n\u00a0
\nAt each reporting date,\nthe Holding Company reviews the carrying amount of its investments\nin subsidiaries to determine whether there is any indication of\nimpairment and, if any such indication exists, the recoverable\namount of the investment is estimated.\u00a0 An impairment loss is\nthe amount by which the carrying amount of an investment exceeds\nits recoverable amount.\u00a0 The recoverable amount is the higher\nof fair value less costs to sell and value in use.\u00a0 An\nimpairment loss that has been previously recognised is reversed if\nthe carrying amount of the investment exceeds its recoverable\namount.\u00a0 An impairment loss is reversed only to the extent\nthat the carrying amount of the investment does not exceed the\ncarrying amount that would have been determined if no impairment\nloss had been previously recognised.\u00a0 Impairment losses and\nreversals are recognised immediately in profit or\nloss.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "lmQCRN2MlO": { "value": "Property, plant and\nequipment
\n\u00a0
\nThe Group\u2019s\nproperty, plant and equipment are classified into the following\nclasses \u2013 land and buildings, improvement to premises, motor\nvehicles, plant and equipment and other equipment.\u00a0 The\nHolding Company\u2019s property, plant and equipment are\nclassified into furniture, fixtures and other\nequipment.\u00a0
\n\u00a0
\nProperty, plant and\nequipment are initially measured at acquisition cost, including any\ncosts directly attributable to bringing the assets to the location\nand condition necessary for them to be capable of operating in the\nmanner intended by the Group\u2019s management.\u00a0 Subsequent\ncosts are included in the asset\u2019s carrying amount when it is\nprobable that future economic benefits associated with the item\nwill flow to the Group and the cost of the item can be measured\nreliably.\u00a0 Expenditure on repairs and maintenance of property,\nplant and equipment is recognised as an expense when\nincurred.\u00a0
\n\u00a0
\nLand and buildings are\nheld for use in the production or supply of goods or services or\nfor administrative purposes.\u00a0 Subsequent to initial\nrecognition, land and buildings are stated at cost less any\naccumulated depreciation and any accumulated impairment\nlosses.\u00a0 Land and buildings are measured at fair value based\non periodic, but at least triennial, valuations by external\nindependent valuers, less subsequent depreciation for\nbuildings.\u00a0 A revaluation surplus is credited to other\nreserves in shareholders equity.\u00a0
\n\u00a0
\nImprovements to premises\nincorporate all costs incurred, including acquisition costs and\nother costs attributable to bring the leased premises to the\ndesign, specifications and conditions requested by\nMcDonald\u2019s.\u00a0 Subsequent to initial recognition,\nimprovements to premises are stated at cost less any accumulated\ndepreciation and any accumulated impairment\nlosses.\u00a0
\n\u00a0
\nOther tangible assets\nare stated at cost less any accumulated depreciation and any\naccumulated impairment losses.\u00a0
\n\u00a0
\nProperty, plant and\nequipment are derecognised when no future economic benefits are\nexpected from their use or upon disposal. Gains or losses arising\nfrom derecognition represent the difference between the net\ndisposal proceeds, if any, and the carrying amount, and are\nincluded in profit or loss within administrative expenses in the\nperiod of derecognition.\u00a0
\n\u00a0
\nDepreciation
\n\u00a0
\nDepreciation commences\nwhen the depreciable assets are available for use and is charged to\nprofit or loss so as to write off the cost, less any estimated\nresidual value, over their estimated useful lives, using the\nstraight-line method, on the following bases:
\n\u00a0
\n| \n Buildings 2.5% per\nannum (or till end of lease) \n | \n
| \n Improvements to\npremises\u00a0 2.5% per annum (or till end of\nlease) \n | \n
| \n Motor vehicles\u00a0\n20% per annum \n | \n
| \n Plant and\nequipment\u00a0 10% - 50% per annum \n | \n
| \n Furniture, fixtures and\nother equipment 6.667% - 20% per annum \n | \n
\u00a0
\nNo depreciation is\ncharged on land.\u00a0
\n\u00a0
\nThe depreciation method\napplied, the residual value and the useful life are reviewed, and\nadjusted if appropriate, at the end of each reporting period.\u00a0\nDuring the year, the Group revised its depreciation\npolicy.
\n\u00a0
\nIn the case of\nright-of-use assets, expected useful lives are determined by\nreference to comparable owned assets or the lease term, if\nshorter.\u00a0 Material residual value estimates and estimates of\nuseful life are updated as required, but at least\nannually.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "XNiZ6NowrW": { "value": "Intangible\nassets
\n\u00a0
\nAn intangible asset is\nrecognised if it is probable that the expected future economic\nbenefits that are attributable to the asset will flow to the Group\nand the Holding Company and the cost of the asset can be measured\nreliably.\u00a0
\n\u00a0
\nIntangible assets are\ninitially measured at cost, being the fair value at the acquisition\ndate for intangible assets acquired in a business\ncombination.\u00a0 Expenditure on an intangible asset is recognised\nas an expense in the period when it is incurred unless it forms\npart of the cost of the asset that meets the recognition criteria\nor the item is acquired in a business combination and cannot be\nrecognised as an intangible asset, in which case it forms part of\ngoodwill at the acquisition date.\u00a0
\n\u00a0
\nThe useful life of\nintangible assets is assessed to determine whether it is finite or\nindefinite.\u00a0 Intangible assets with a finite useful life are\namortised.\u00a0 Amortisation is charged to profit or loss so as to\nwrite off the cost of intangible assets less any estimated residual\nvalue, over the estimated useful lives.\u00a0 The amortisation\nmethod applied, the residual value and the useful life are\nreviewed, and adjusted if appropriate, at\nthe end of each reporting period.\u00a0
\n\u00a0
\nIntangibles are\nderecognised when no future economic benefits are expected from\ntheir use or upon disposal.\u00a0 Gains or losses arising from\nderecognition represent the difference between the net disposal\nproceeds, if any, and the carrying amount, and are included in\nprofit or loss within administrative expenses in the period of\nderecognition.\u00a0
\n\u00a0
\n(i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSupport services licence
\n\u00a0
\nAfter initial\nrecognition, support services licence is carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Support services licence is written off to profit or\nloss by equal instalments over the term of the support services\nagreement with the subsidiaries, being twenty\nyears.\u00a0
\n\u00a0
\n(ii) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nComputer software
\n\u00a0
\nIn determining the\nclassification of an asset that incorporates both intangible and\ntangible elements, judgement is used in assessing which element is\nmore significant.\u00a0 Computer software which is an integral part\nof the related hardware is classified as property, plant and\nequipment and accounted for in accordance with the Group\u2019s\naccounting policy on property, plant and equipment.\u00a0 Where the\nsoftware is not an integral part of the related hardware, this is\nclassified as an intangible asset and carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Computer software classified as an intangible asset\nis amortised on a straight-line basis over five\nyears.\u00a0
\n\u00a0
\n(iii)\u00a0\u00a0\u00a0\u00a0\u00a0 Acquired rights
\n\u00a0
\nAcquired rights are\nclassified as intangible assets.\u00a0 After initial recognition,\nacquired rights are carried at cost less any accumulated\namortisation and any accumulated impairment losses.\u00a0 Acquired\nrights are amortised on a straight-line basis over twenty\nyears.\u00a0 During the year, the Group revised its amortisation\npolicy.
\n\u00a0
\n(iv) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nFranchise fees
\n\u00a0
\nAfter initial\nrecognition, franchise fees are carried at cost less any\naccumulated amortisation and any accumulated impairment\nlosses.\u00a0 Franchise fees are written off to profit or loss by\nequal instalments over the term of the franchise\nagreement.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ZT7fFu..-Q": { "value": "Financial\ninstruments
\n\u00a0
\n(i) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nRecognition and derecognition
\n\u00a0
\nFinancial assets and\nfinancial liabilities are recognised when the Group and the Holding\nCompany become a party to the contractual provisions of the\nfinancial instrument.\u00a0
\n\u00a0
\nFinancial assets are\nderecognised when the contractual rights to the cash flows from the\nfinancial asset expire, or when the financial asset and\nsubstantially all the risks and rewards are transferred.\u00a0 A\nfinancial liability is derecognised when it is extinguished,\ndischarged, cancelled or expires.\u00a0
\n\u00a0
\n(ii) \u00a0\u00a0\u00a0\u00a0\u00a0 Classification and initial measurement of financial\nassets
\n\u00a0
\nExcept for those trade\nreceivables that do not contain a significant financing component\nand are measured at the transaction price in accordance with IFRS\n15, all financial assets are initially measured at fair value\nadjusted for transaction costs (where applicable).\u00a0
\n\u00a0
\nFinancial assets, other\nthan those designated and effective as hedging instruments, are\nclassified into the following categories:
\n\u00a0
\n| \n - \n | \n\n Amortised\ncost; \n | \n
| \n - \n | \n\n Fair value through profit\nor loss (FVTPL); or \n | \n
| \n - \n | \n\n Fair value through other\ncomprehensive income (FVOCI).\u00a0 \n | \n
\u00a0
\nIn the periods presented\nthe Group and the Holding Company does not have any financial\nassets categorised as FVTPL.\u00a0
\n\u00a0
\nThe classification is\ndetermined by both:
\n\u00a0
\n| \n - \n | \n\n The entity\u2019s\nbusiness model for managing the financial asset; and \n | \n
| \n - \n | \n\n The contractual cash flow\ncharacteristics of the financial asset.\u00a0 \n | \n
\u00a0
\nAll income and expenses\nrelating to financial assets that are recognised in profit or loss\nare presented within finance costs, investment income or other\nfinancial items, except for impairment of trade receivables which\nis presented within administrative expenses.\u00a0
\n\u00a0
\n(iii) \u00a0\u00a0\u00a0\u00a0 Subsequent measurement of financial assets
\n\u00a0
\nFinancial assets at\namortised cost
\n\u00a0
\nFinancial assets are\nmeasured at amortised cost if the assets meet the following\nconditions (and are not designated as FVTPL):
\n\u00a0
\n| \n - \n | \n\n they are held within a\nbusiness model whose objective is to hold the financial assets and\ncollect its contractual cash flows; and \n | \n
| \n - \n | \n\n the contractual terms of the\nfinancial assets give rise to cash flows that are solely payments\nof principal and interest on the principal amount\noutstanding.\u00a0 \n | \n
\u00a0
\nAfter initial\nrecognition, these are measured at amortised cost using the\neffective interest method.\u00a0 Discounting is omitted where the\neffect of discounting is immaterial.\u00a0 The Group\u2019s and\nHolding Company\u2019s cash and cash equivalents, loans and\nreceivables, trade and most other receivables and other financial\nassets fall into this category of financial\ninstruments.\u00a0
\n\u00a0
\nFinancial assets at\nfair value through other comprehensive income\n(FVOCI)
\n\u00a0
\nThe Group and the\nHolding Company account for financial assets at FVOCI if the assets\nmeet the following conditions:
\n\u00a0
\n| \n - \n | \n\n they are held under a\nbusiness model whose objective is \u201chold to collect\u201d the\nassociated cash flows and sell, and \n | \n
| \n - \n | \n\n the contractual terms of the\nfinancial assets give rise to cash flows that are solely payments\nof principal and interest on the principal amount\noutstanding.\u00a0 \n | \n
\u00a0
\nAny gains or losses\nrecognised in other comprehensive income (OCI) will be recycled\nupon derecognition of the asset.\u00a0 The Group\u2019s and\nHolding Company\u2019s local and foreign listed debt and equity\ninstruments fall into this category of financial\ninstruments.\u00a0
\n\u00a0
\n(iv) \u00a0\u00a0\u00a0\u00a0 Impairment of financial assets
\n\u00a0
\nIFRS 9\u2019s\nimpairment requirements use forward-looking information to\nrecognise expected credit losses \u2013 the \u2018expected credit\nloss (ECL) model\u2019.\u00a0 Instruments within the scope of the\nrequirements include loans and other debt-type financial assets\nmeasured at amortised cost and FVOCI, trade receivables, contract\nassets recognised and measured under IFRS 15 and loan commitments\nand some financial guarantee contracts (for the issuer) that are\nnot measured at fair value through profit or loss.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company consider a broader range of information when\nassessing credit risk and measuring expected credit losses,\nincluding past events, current conditions, reasonable and\nsupportable forecasts that affect the expected collectability of\nthe future cash flows of the instrument.\u00a0
\n\u00a0
\nIn applying this\nforward-looking approach, a distinction is made\nbetween:
\n\u00a0
\n| \n - \n | \n\n financial instruments that\nhave not deteriorated significantly in credit quality since initial\nrecognition or that have low credit risk (\u2018Stage 1\u2019);\nand \n | \n
| \n - \n | \n\n financial instruments that\nhave deteriorated significantly in credit quality since initial\nrecognition and whose credit risk is not low (\u2018Stage\n2\u2019).\u00a0 \n | \n
\u00a0
\n\u2018Stage 3\u2019\nwould cover financial assets that have objective evidence of\nimpairment at the reporting date.\u00a0
\n\u00a0
\n\u201812-month expected\ncredit losses\u2019 are recognised for the first category while\n\u2018lifetime expected credit losses\u2019 are recognised for\nthe second category.\u00a0
\n\u00a0
\nMeasurement of the\nexpected credit losses is determined by a probability-weighted\nestimate of credit losses over the expected life of the financial\ninstrument.\u00a0
\n\u00a0
\nReceivables
\n\u00a0
\nThe Group makes use of a\nsimplified approach in accounting for loans and receivables and\ntrade and other receivables as well as contract assets and records\nthe loss allowance as lifetime expected credit losses.\u00a0 These\nare the expected shortfalls in contractual cash flows, considering\nthe potential for default at any point during the life of the\nfinancial instrument.\u00a0 In calculating, the Group uses its\nhistorical experience, external indicators and forward-looking\ninformation to calculate the expected credit losses using a\nprovision matrix.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company assesses impairment of loans, trade receivables and\nother receivables on a collective basis as they possess shared\ncredit risk characteristics.\u00a0 As at the end of the reporting\nperiod, the Group\u2019s and Holding Company\u2019s receivables\nhave been assessed for impairment and are not significantly\nimpaired to disclose within these financial\nstatements.\u00a0
\n\u00a0
\n(v) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nClassification and measurement of financial\nliabilities
\n\u00a0
\nThe Group\u2019s and\nHolding Company\u2019s financial liabilities include debt\nsecurities in issue, bank borrowings, trade and other payables,\nlease liabilities, derivative financial instruments and other\nfinancial liabilities.\u00a0
\n\u00a0
\nFinancial liabilities\nare initially measured at fair value, and, where applicable,\nadjusted for transaction costs unless the Group and the Holding\nCompany designated a financial liability at fair value through\nprofit or loss.\u00a0
\n\u00a0
\nSubsequently, financial\nliabilities are measured at amortised cost using the effective\ninterest method except for derivatives and financial liabilities\ndesignated at FVTPL, which are carried subsequently at fair value\nwith gains or losses recognised in profit or loss.\u00a0
\n\u00a0
\nAll interest-related\ncharges and, if applicable, changes in an instrument\u2019s fair\nvalue that are reported in profit or loss are included within\nfinance costs or finance income.\u00a0
\n\u00a0
\n(vi) \u00a0\u00a0\u00a0\u00a0 Derivative financial instruments
\n\u00a0
\nDerivative financial\ninstruments are accounted for at FVTPL unless they are designated\nas effective hedging instruments.\u00a0 During the year under\nreview and during the prior year, the Group did not designate any\nof its derivative financial instruments in a hedging relationship\nfor accounting purposes.\u00a0 After initial recognition,\nderivative financial instruments are measured at their fair\nvalue.\u00a0 Gains and losses arising from a change in fair value\nare recognised in profit or loss in the period in which they\narise.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "RSFoU_nDPT": { "value": "Inventories
\n\u00a0
\nInventories are stated\nat the lower of cost and net realisable value.\u00a0 The Group\nconsiders the nature and use of the inventory when calculating the\ncost of inventories.
\n\u00a0
\nCost is calculated using\nthe weighted average method and comprises expenditure incurred in\nacquiring the inventories and other costs incurred in bringing\ninventories to their present location and condition.\u00a0 Net\nrealisable value represents the estimated selling price in the\nordinary course of business less the costs to be incurred in\nmarketing, selling and distribution.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Yu.xNkhLMT": { "value": "Provisions,\ncontingent assets and contingent liabilities
\n\u00a0
\nProvisions are\nrecognised when the Group and Holding Company has a present legal\nor constructive obligation as a result of a past event, it is\nprobable that an outflow of resources embodying economic benefits\nwill be required to settle the obligation and a reliable estimate\ncan be made of the amount of the obligation.\u00a0 Provisions are\nmeasured at the directors\u2019 best estimate of the expenditure\nrequired to settle the present obligation at the end of the\nreporting period.\u00a0 If the effect of the time value of money is\nmaterial, provisions are determined by discounting the expected\nfuture cash flows at a pre-tax rate that reflects current market\nassessments of the time value of money and, where appropriate, the\nrisks specific to the liability.\u00a0 Provisions are not\nrecognised for future operating losses.\u00a0
\n\u00a0
\nAny reimbursement that\nthe Group and the Holding Company are virtually certain to collect\nfrom a third party with respect to the obligation is recognised as\na separate asset.\u00a0 However, this asset may not exceed the\namount of the related provision.\u00a0
\n\u00a0
\nNo liability is\nrecognised if an outflow of economic resources as a result of\npresent obligations is not probable.\u00a0 Such situations are\ndisclosed as contingent liabilities unless the outflow of resources\nis remote.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "_eFU0q6F0u": { "value": "Impairment testing\nof goodwill, other intangible assets, property, plant and equipment\nand long term prepayments
\n\u00a0
\nFor impairment\nassessment purposes, assets are grouped at the lowest levels for\nwhich there are largely independent cash inflows (cash-generating\nunits).\u00a0 As a result, some assets are tested individually for\nimpairment and some are tested at cash-generating unit level.\u00a0\nGoodwill is allocated to those cash-generating units that are\nexpected to benefit from synergies of a related business\ncombination and represent the lowest level within the Group at\nwhich management monitors goodwill.\u00a0
\n\u00a0
\nCash-generating units to\nwhich goodwill has been allocated (determined by the Group\u2019s\nmanagement as equivalent to its operating segments) are tested for\nimpairment at least annually.\u00a0 All other individual assets or\ncash-generating units are tested for impairment whenever events or\nchanges in circumstances indicate that the carrying amount may not\nbe recoverable.\u00a0
\n\u00a0
\nAn impairment loss is\nrecognised for the amount by which the asset\u2019s (or\ncash-generating unit\u2019s) carrying amount exceeds its\nrecoverable amount, which is the higher of fair value less costs of\ndisposal and value-in-use.\u00a0 To determine the value-in-use,\nmanagement estimates expected future cash flows from each\ncash-generating unit and determines a suitable discount rate in\norder to calculate the present value of those cash flows.\u00a0 The\ndata used for impairment testing procedures are directly linked to\nthe Group\u2019s latest approved budget, adjusted as necessary to\nexclude the effects of future reorganisations and asset\nenhancements.\u00a0 Discount factors are determined individually\nfor each cash-generating unit and reflect current market\nassessments of the time value of money and asset-specific risk\nfactors.\u00a0
\n\u00a0
\nImpairment losses for\ncash-generating units reduce first the carrying amount of any\ngoodwill allocated to that cash-generating unit.\u00a0 Any\nremaining impairment loss is charged pro rata to the other assets\nin the cash-generating unit.\u00a0
\n\u00a0
\nWith the exception of\ngoodwill, all assets are subsequently reassessed for indications\nthat an impairment loss previously recognised may no longer\nexist.\u00a0 An impairment loss is reversed if the asset\u2019s or\ncash-generating unit\u2019s recoverable amount exceeds its\ncarrying amount.\u00a0
\n\u00a0
\nImpairment losses are\nrecognised immediately in profit or loss.\u00a0
\n\u00a0
\nIn the case of other\nassets tested for impairment, an impairment loss recognised in a\nprior year is reversed if there has been a\nchange in the estimates used to determine the asset\u2019s\nrecoverable amount since the last impairment loss was\nrecognised.\u00a0
\n\u00a0
\nWhere an impairment loss\nsubsequently reverses, the carrying amount of the asset is\nincreased to the revised estimate of its recoverable amount, but so\nthat the increased carrying amount does not exceed the carrying\namount that would have been determined had no impairment loss been\nrecognised for the asset in prior years.\u00a0
\n\u00a0
\nAn impairment loss\nrecognised for goodwill is not reversed in\na subsequent period.\u00a0 Impairment reversals are recognised\nimmediately in profit or loss.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "thZ11d4e7n": { "value": "Revenue\nrecognition
\n\u00a0
\nTo determine whether to\nrecognise revenue, the Group follows a 5-step process:
\n\u00a0
\n| \n 1. \n | \n\n Identifying the\ncontract with a customer \n | \n
| \n 2. \n | \n\n Identifying the\nperformance obligations \n | \n
| \n 3. \n | \n\n Determining the\ntransaction price \n | \n
| \n 4. \n | \n\n Allocating the\ntransaction price to the performance obligations \n | \n
| \n 5. \n | \n\n Recognising revenue\nwhen/as performance obligation(s) are satisfied. \n | \n
\u00a0
\nThe Holding Company\noften enters into transactions involving a range of services.\u00a0\nIn all cases, the total transaction price for a contract is\nallocated amongst the various performance obligations based on\ntheir relative stand-alone selling\nprices.\u00a0 The transaction price for a contract excludes any\namounts collected on behalf of third parties, VAT and trade\ndiscounts.\u00a0
\n\u00a0
\nRevenue is recognised\neither at a point in time or over time, when (or as) the Group\nsatisfies performance obligations by\ntransferring the promised goods or services to its customers.\u00a0\nThe following specific criteria must also be met:
\n\u00a0
\n| \n - \n | \n\n Sale of\ngoods \n\u00a0 \nRevenue from the sale\nof goods is recognised on the transfer of the risks and rewards of\nownership, which generally coincides with the time of delivery,\nwhen the costs incurred or to be incurred in respect of the\ntransaction can be measured reliably and when the Group retains\nneither continuing managerial involvement to the degree usually\nassociated with ownership nor effective control over the goods\nsold.\u00a0 \n\u00a0 \n | \n
| \n - \n | \n\n Provision of\nservices \n\u00a0 \nRevenue from the\nprovision of services is recognised in the period in which the\nservices are rendered.\u00a0 For practical purposes, when services\nare performed by an indeterminate number of acts over a specified\nperiod of time, revenue is recognised on a straight-line basis over\nthe specified period unless there is evidence that some other\nmethod better represents the stage of completion. \n\u00a0 \n | \n
| \n - \n | \n\n Interest\nincome \n\u00a0 \nInterest income is\naccrued on a timely basis, by reference to the principal\noutstanding and at the effective interest rate applicable, which is\nthe rate that exactly discounts the estimated future cash receipts\nthrough the expected life of the financial asset to the assets net\ncarrying amount.\u00a0 \n\u00a0 \n | \n
| \n - \n | \n\n Dividend\nincome \n\u00a0 \nDividend income is\nrecognised when the shareholder\u2019s right to receive payment\nhas been established and provided that it is probable that the\neconomic benefits will flow to the Group and the amount of income\ncan be measured reliably.\u00a0 \n\u00a0 \n | \n
\u00a0
\nCustomer loyalty\nprogramme
\n\u00a0
\nThe Group\u2019s\nsubsidiaries operate a customer loyalty incentive programme. For\neach one Euro or one Romanian Lei spent, customers obtain ten\nloyalty points which they can redeem to receive discounts or free\nitems on future purchases.\u00a0 Loyalty points are considered to\nbe a separate performance obligation as\nthey provide customers with a material right they would not have\nreceived otherwise. Unused points expire if not used within six\nmonths.\u00a0
\n\u00a0
\nThe Group allocates the\ntransaction price between the material right and other performance\nobligations identified in a contract on a relative stand-alone\nselling price basis.\u00a0 The amount allocated to the mat\nerial right is initially recorded as a contract\nliability and is later recognised in revenue when the points are\nredeemed by the customer.\u00a0 The Group\u2019s experience is\nthat a portion of the loyalty points will expire without being used\n(\u2018breakage\u2019).\u00a0 The Group recognises revenue from\nexpected breakage in proportion to the points redeemed and trues-up\nthis estimate when points expire.\u00a0 The Group has assessed it\nis highly improbable a significant reversal of revenue will arise\nif actual experience differs from expectations and therefore no\nfurther revenue constraint is needed.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Q2YbwT0aPV": { "value": "Operating\nexpenses
\n\u00a0
\nOperating expenses are\nrecognised in profit or loss upon utilisation of the service or as\nincurred.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "iEZyEl5d0p": { "value": "Borrowing\ncosts
\n\u00a0
\nBorrowing costs include\nthe costs incurred in obtaining external financing.\u00a0 Borrowing\ncosts directly attributable to the acquisition, construction or\nproduction of qualifying assets, which are assets that necessarily\ntake a substantial period of time to get ready for their intended use or sale,\nare capitalised from the time that expenditure for these assets and\nborrowing costs are being incurred and activities that are\nnecessary to prepare these assets for their intended use or sale\nare in progress.\u00a0 Borrowing costs are capitalised until such\ntime as the assets are substantially ready for their intended use\nor sale .\u00a0 Borrowing costs are\nsuspended during extended periods in which active development is\ninterrupted.\u00a0 All other borrowing costs are recognised as an\nexpense in profit or loss in the period in which they are\nincurred.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "GtPJtL9QDs": { "value": "Leases
\n\u00a0
\nLeases are\nclassified as finance leases whenever the terms of\nthe lease transfer substantially all the risks and rewards\nincidental to ownership to the lessee.
\n\u00a0
\nThe Group and the\nHolding Company consider whether a contract is, or contains a lease\nat the inception of the c ontract.\u00a0 A\nlease is defined as a contract, or part of a contract, that coveys\nthe right to use an asset (the underlying asset) for a period of\ntime in exchange for consideration.\u00a0 To apply this definition\nthe Group and the Holding Company assesses whether the contract\nmeets three key evaluations which are whether:
\n\u00a0
\n| \n - \n | \n\n the contract contains an\nidentified asset, which is either explicitly identified in the\ncontract or implicitly specified by being identified at the time\nthe asset is made available to the Group and the Holding\nCompany; \n | \n
| \n - \n | \n\n the Group and the Holding\nCompany have the right to obtain substantially all of the economic\nbenefits from use of the identified asset throughout the period of\nuse, considering its rights within the defined scope of the\ncontract; \n | \n
| \n - \n | \n\n the Group and the Holding\nCompany have the right to direct the use of the identified asset\nthroughout the period of use.\u00a0 The Group and the Holding\nCompany assess whether it has the right to direct how and for what\npurpose the asset is used throughout the period of\nuse.\u00a0 \n | \n
\u00a0
\nAt lease commencement\ndate, the Group and the Holding Company recognises a right-of-use\nasset and a lease liability on the statement of financial\nposition.\u00a0 The right-of-use asset is measured at cost, which\nis made up of the initial measurement of the lease liability, any\ninitial direct costs incurred by the Group and the Holding Company,\nan estimate of any costs to dismantle and remove the asset\nat the end of the lease, and any lease payments\nmade in advance of the lease commencement date (net of any\nincentives received).\u00a0
\n\u00a0
\nThe Group and the\nHolding Company depreciate the right-of-use assets on a\nstraight-line basis from the lease commencement date to the earlier\nof the end of the useful life of the right-of-use of asset or the\nend of the lease term.\u00a0 The Group and the Holding Company also\nassess the right-of-use asset for impairment when such indicators\nexist.
\n\u00a0
\nAt lease commencement\ndate, the Group and the Holding Company measure the lease liability\nat the present value of the lease payments unpaid at that date,\ndiscounted using the interest rate implicit in the lease if that\nrate is readily available or the Group\u2019s and Holding\nCompany\u2019s incremental borrowing rate.\u00a0
\n\u00a0
\nLease payments included\nin the measurement of the lease liability are made up of fixed\npayments (including in substance fixed), variable payments based on\nan index or rate, amounts expected to be payable under a residual\nvalue guarantee and payments arising from options reasonably\ncertain to be exercised.
\n\u00a0
\nSubsequent to\ninitial measurement, the liability will be\nreduced for payments made and increased for interest.\u00a0 It is\nremeasured to reflect any reassessment or modification, or if there\nare changes in in-substance fixed payments.\u00a0
\n\u00a0
\nWhen the lease liability\nis remeasured, the corresponding adjustment is reflected in the\nright-of-use asset, or profit and loss if\nthe right-of-use asset is already reduced to zero.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company have elected to account for short-term leases and\nleases of low-value assets using the practical expedients.\u00a0\nInstead of recognising a right-of-use asset and lease liability,\nthe payments in relation to these are recognised as an expense in\nprofit or loss on a straight-line basis over the lease\nterm.\u00a0
\n\u00a0
\nOn the statement\nof financial position, the Group and the Holding\nCompany have opted to disclose right-of-use assets and lease\nliabilities as separate financial statement line\nitems.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Nqb0tDiNtV": { "value": "Taxation
\n\u00a0
\nCurrent and\ndeferred tax is recognised in profit or\nloss, except when it relates to items recognised in other\ncomprehensive income or directly to equity, in which case the\ncurrent or deferred tax is also dealt with in other comprehensive income or equity.
\n\u00a0
\nCurrent tax is based on\nthe taxable result for the period.\u00a0 The taxable result for the\nperiod differs from the result as reported in profit or loss\nbecause it excludes items which are non-assessable or disallowed\nand it further excludes items that are taxable or deductible in\nother periods.\u00a0 It is calculated using tax rates that have\nbeen enacted or substantively enacted by the end of the reporting\nperiod.
\n\u00a0
\nDeferred tax is\naccounted for using the balance sheet liability method in respect\nof temporary differences arising from differences between the\ncarrying amount of assets and liabilities in the financial\nstatements and the corresponding tax bases used in the computation\nof taxable profit.\u00a0
\n\u00a0
\nDeferred tax liabilities\nare generally recognised for all taxable temporary differences and\ndeferred tax assets, including deferred tax assets for the carry\nforward of unused tax losses, are recognised to the extent that it\nis probable that taxable profits will be available against which\ndeductible temporary differences can be utilised.\u00a0
\n\u00a0
\nDeferred tax\nliabilities are not recognised if the\ntemporary difference arises from the initial recognition of\ngoodwill.\u00a0 Deferred tax assets and liabilities are not\nrecognised if the temporary difference arises from the initial\nrecognition (other than in a business combination) of other assets\nand liabilities in a transaction that affects neither accounting\nprofit nor taxable profit.
\n\u00a0
\nDeferred tax liabilities\nare not recognised for taxable temporary differences arising on\ninvestments in subsidiaries where the Holding Company is able to\ncontrol the timing of the reversal of the temporary difference and\nit is probable that the temporary difference will not reverse in\nthe foreseeable future.\u00a0 Deferred tax assets are recognised\nfor deductible temporary differences arising on investments in\nsubsidiaries where it is probable that taxable profit will be\navailable against which the temporary difference can be utilised\nand it is probable that the temporary difference will reverse in\nthe foreseeable future.\u00a0
\n\u00a0
\nThe carrying amount of\ndeferred tax assets is reviewed at the end of each reporting period\nand reduced to the extent that it is no longer probable that\nsufficient taxable profit will be available to allow all or part of\nthe asset to be utilised.\u00a0
\n\u00a0
\nDeferred tax is\ncalculated at the tax rates that are expected to apply to the\nperiod when the asset is realised or the liability is settled,\nbased on tax rates that have been enacted or substantively enacted\nby the end of the reporting period.\u00a0
\n\u00a0
\nCurrent tax assets and\nliabilities are offset when the Group and the Holding Company has a\nlegally enforceable right to set off the recognised amounts and\nintends either to settle on a net basis, or to realise the asset\nand settle the liability simultaneously.\u00a0
\n\u00a0
\nDeferred tax assets and\nliabilities are offset when the Group and the Holding Company have\na legally enforceable right to set off its current tax assets and\nliabilities and the deferred tax assets and liabilities relate to\nincome taxes levied by the same taxation authority on either the\nsame taxable entity or different taxable entities which intend\neither to settle current tax liabilities and assets on a net basis,\nor to realise the assets and settle the liabilities simultaneously,\nin each future period in which significant amounts of deferred tax\nliabilities or assets are expected to be settled or\nrecovered.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "pu_noroD2C": { "value": "Taxation
\n\u00a0
\nCurrent and\ndeferred tax is recognised in profit or\nloss, except when it relates to items recognised in other\ncomprehensive income or directly to equity, in which case the\ncurrent or deferred tax is also dealt with in other comprehensive income or equity.
\n\u00a0
\nCurrent tax is based on\nthe taxable result for the period.\u00a0 The taxable result for the\nperiod differs from the result as reported in profit or loss\nbecause it excludes items which are non-assessable or disallowed\nand it further excludes items that are taxable or deductible in\nother periods.\u00a0 It is calculated using tax rates that have\nbeen enacted or substantively enacted by the end of the reporting\nperiod.
\n\u00a0
\nDeferred tax is\naccounted for using the balance sheet liability method in respect\nof temporary differences arising from differences between the\ncarrying amount of assets and liabilities in the financial\nstatements and the corresponding tax bases used in the computation\nof taxable profit.\u00a0
\n\u00a0
\nDeferred tax liabilities\nare generally recognised for all taxable temporary differences and\ndeferred tax assets, including deferred tax assets for the carry\nforward of unused tax losses, are recognised to the extent that it\nis probable that taxable profits will be available against which\ndeductible temporary differences can be utilised.\u00a0
\n\u00a0
\nDeferred tax\nliabilities are not recognised if the\ntemporary difference arises from the initial recognition of\ngoodwill.\u00a0 Deferred tax assets and liabilities are not\nrecognised if the temporary difference arises from the initial\nrecognition (other than in a business combination) of other assets\nand liabilities in a transaction that affects neither accounting\nprofit nor taxable profit.
\n\u00a0
\nDeferred tax liabilities\nare not recognised for taxable temporary differences arising on\ninvestments in subsidiaries where the Holding Company is able to\ncontrol the timing of the reversal of the temporary difference and\nit is probable that the temporary difference will not reverse in\nthe foreseeable future.\u00a0 Deferred tax assets are recognised\nfor deductible temporary differences arising on investments in\nsubsidiaries where it is probable that taxable profit will be\navailable against which the temporary difference can be utilised\nand it is probable that the temporary difference will reverse in\nthe foreseeable future.\u00a0
\n\u00a0
\nThe carrying amount of\ndeferred tax assets is reviewed at the end of each reporting period\nand reduced to the extent that it is no longer probable that\nsufficient taxable profit will be available to allow all or part of\nthe asset to be utilised.\u00a0
\n\u00a0
\nDeferred tax is\ncalculated at the tax rates that are expected to apply to the\nperiod when the asset is realised or the liability is settled,\nbased on tax rates that have been enacted or substantively enacted\nby the end of the reporting period.\u00a0
\n\u00a0
\nCurrent tax assets and\nliabilities are offset when the Group and the Holding Company has a\nlegally enforceable right to set off the recognised amounts and\nintends either to settle on a net basis, or to realise the asset\nand settle the liability simultaneously.\u00a0
\n\u00a0
\nDeferred tax assets and\nliabilities are offset when the Group and the Holding Company have\na legally enforceable right to set off its current tax assets and\nliabilities and the deferred tax assets and liabilities relate to\nincome taxes levied by the same taxation authority on either the\nsame taxable entity or different taxable entities which intend\neither to settle current tax liabilities and assets on a net basis,\nor to realise the assets and settle the liabilities simultaneously,\nin each future period in which significant amounts of deferred tax\nliabilities or assets are expected to be settled or\nrecovered.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "zkca3EEIsB": { "value": "Employee\nbenefits
\n\u00a0
\nThe Group and the\nHolding Company contribute towards the state pension in accordance\nwith local legislation.\u00a0 The only obligation of the Group and\nthe Holding Company is to make the required contributions.\u00a0\nCosts are expensed in the period in which they are incurred.\u00a0\nShort-term employee benefits, including holiday entitlement, are\ncurrent liabilities, measured at the undiscounted amount the Group\nand the Holding Company expect to pay as a result of the unused\nentitlement.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "X4CHb6g8CL": { "value": "Foreign currency\ntranslation
\n\u00a0
\nThe financial statements\nof the Holding Company and the consolidated financial statements of\nthe Group are presented in its functional currency, the Euro, being\nthe currency of the primary economic environment in which the\nHolding Company operates.\u00a0 In preparing the financial\nstatements of each individual group entity, transactions in\ncurrency other than the respective entities\u2019 functional\ncurrency are recognised at the rate of exchange prevailing at the\ndate of transaction.
\n\u00a0
\nTransactions denominated\nin currencies other than the functional currency are translated at\nthe exchange rates ruling on the date of transaction.\u00a0\nMonetary assets and liabilities denominated in currencies other\nthan the functional currency are re-translated to the functional\ncurrency at the exchange rate ruling at year-end.\u00a0 Exchange\ndifferences arising on the settlement and on the re-translation of\nmonetary items are dealt with in profit or loss.\u00a0 Non-monetary\nassets and liabilities denominated in currencies other than the\nfunctional currency that are measured at fair value are\nre-translated using the exchange rate ruling on the date the fair\nvalue was measured.
\n\u00a0
\nNon-monetary assets and\nliabilities denominated in currencies other than the functional\ncurrency that are measured in terms of historical cost are not\nre-translated.\u00a0 Exchange differences arising on the\ntranslation of non-monetary items carried at fair value are\nincluded in profit or loss for the period, except for differences\narising on the re-translation of non-monetary items in respect of\nwhich gains and losses are recognised in other comprehensive\nincome.\u00a0 For such non-monetary items, any exchange component\nof that gain or loss is also recognised in other comprehensive\nincome.\u00a0
\n\u00a0
\nForeign exchange gains\nand losses are included within operating profit, except in the case\nof significant exchange differences arising on investing or\nfinancing activities, which are classified within investment\nincome, investment losses or finance costs as\nappropriate.\u00a0
\n\u00a0
\nFor the purpose of\npresenting consolidated financial statements, income and expenses\nof the Group\u2019s foreign operations are translated to Euro at\nthe average exchange rates.\u00a0 Assets and liabilities of the\nGroup\u2019s foreign operations are translated to Euro at the\nexchange rate ruling at the date of the statement of financial\nposition.\u00a0 Goodwill and fair value adjustments arising on the\nacquisition of a foreign entity have been treated as assets and\nliabilities of the foreign entity and translated into Euro at the\nclosing rate.\u00a0 Exchange differences are recognised in other\ncomprehensive income and accumulated in a separate component of\nequity.\u00a0 Such differences are reclassified from equity to\nprofit or loss in the period in which the foreign operation is\ndisposed of.
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "io6KRuq5ov": { "value": "Cash and cash\nequivalents
\n\u00a0
\nCash and cash\nequivalents comprise cash on hand and demand deposits.\u00a0 Bank\noverdrafts that are repayable on demand and form an integral part\nof the Group\u2019s and Holding Company\u2019s cash management\nare included as a component of cash and cash equivalents for the\npurposes of the statement of cash flows and are presented in\ncurrent liabilities in the statement of financial\nposition.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "A1QOz9JFiu": { "value": "Prepayments
\n\u00a0
\nLong term prepayments\nrepresent guarantee deposits made by the Group in order to secure\nthe lease on rented premises on which the McDonald\u2019s\nrestaurants are situated.\u00a0 Once the lease on the rented\npremises is terminated, the guarantee deposit is released, and it\nis no longer recognised within long term prepayments in the\nstatement of financial position.\u00a0 Long term prepayment for the\nHolding Company mainly represents a guarantee deposit made for the\nprovision of a leased aircraft (refer to note 19 and note\n25).\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasePrepaymentsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "D9oisld19e": { "value": "Equity, reserves and\ndividend payments
\n\u00a0
\nShare capital represents\nthe nominal (par) value of shares that have been issued.\u00a0\nOther components of equity include the following:
\n\u00a0
\n| \n (i) \n | \n\n Exchange translation reserves\ncomprises foreign currency translation differences arising from the\ntranslation of transactions and balances of the Group\u2019s\nforeign entities into Euros; \n | \n
| \n (ii) \n | \n\n Fair value reserve comprises\nmovement in fair value of financial assets measured at fair value\nthrough other comprehensive income; and \n | \n
| \n (iii) \n | \n\n Other reserves - refer to\nnote 28.\u00a0 \n | \n
\u00a0
\nRetained earnings\nincludes all current and prior period retained profits.\u00a0 All\ntransactions with owners of the parent are recorded separately\nwithin equity.\u00a0
\n\u00a0
\nDividends to holders of\nequity instruments are recognised as liabilities in the period in\nwhich they are declared.\u00a0
\n\u00a0
\nDividends to holders of\nequity instruments, or of the equity component of a financial\ninstrument issued by the Holding Company, are recognised directly\nin equity.\u00a0 Dividends relating to a financial liability, or to\na component that is a financial liability, are recognised as an\nexpense in profit or loss and are presented in the statement of\nprofit or loss and other comprehensive income with finance\ncosts.\u00a0
", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IvyVMQAE9Z": { "value": "3. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSignificant management judgement in applying\naccounting policies and estimation uncertainty
\n\u00a0
\nSignificant\nmanagement judgements
\n\u00a0
\nOther than as disclosed\nbelow, in the process of applying the Group\u2019s accounting\npolicies, management has made no judgements which can significantly\naffect the amounts recognised in the financial statements and, at\nthe end of the reporting period, there were no key assumptions\nconcerning the future, or any other key sources of estimation\nuncertainty, that have a significant risk of causing a material\nadjustment to the carrying amounts of assets and liabilities within\nthe next financial year.\u00a0
\n\u00a0
\nImpairment of\nfinancial assets and goodwill
\n\u00a0
\nThe Group and the\nHolding Company review property, plant and equipment, intangible\nassets, right-of-use assets and loans and receivables to evaluate\nwhether events or changes in circumstances indicate that the\ncarrying amounts may not be recoverable.\u00a0 The Holding Company\nreviews intangible assets, right-of-use assets, investments in\nsubsidiaries and loans and receivables to evaluate whether events\nor changes in circumstances indicate that the carrying amounts may\nnot be recoverable.\u00a0 At the year-end there was no objective\nevidence of impairment in this respect.\u00a0
\n\u00a0
\nIn addition, the Group\ntests goodwill annually for impairment or more frequently if there\nare indications that goodwill might be impaired.\u00a0 Determining\nwhether the carrying amounts of these assets can be realised\nrequires an estimation of the value in use of the subsidiaries (or\noperations).\u00a0 The value in use calculation requires the\ndirectors to estimate the future cash flows expected to arise from\nthe subsidiary (or operation) and a suitable discount rate in order\nto calculate present value.\u00a0
\n\u00a0
\nGoodwill arising on a\nbusiness combination is allocated, to the subsidiary or operation\nthat is expected to benefit from that business\ncombination.
\n\u00a0
\nReconciliation of\nreported goodwill is presented below:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Group \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n24,887,261 \n | \n
| \n Difference on exchange\non foreign operations \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0834 \n | \n|
| \n At 31.12.2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n24,888,095 \n | \n
| \n Difference on exchange\non foreign operations \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n(202,420) \n | \n|
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n24,685,675 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe carrying amount of\ngoodwill as at 31 December 2025 amounting to Eur24,685,675 (2024\n- Eur24,888,095) is allocated Eur16,591,999 (2024 -\nEur16,591,999 ) to the Malta operations and Eur8,093,676\n(2024 - Eur8,296,096) to the Romania operations.\u00a0 Since\ngoodwill for Romania operations is denominated in Romanian Lei,\nmovement in foreign exchange differences impacted the carrying\namount of the goodwill by Eur(202,420) (2024 \u2013\nEur834 ).\u00a0
\n\u00a0
\nThe recoverable amounts\nof the Malta and Romania operations are determined from value in\nuse calculations.\u00a0 The key assumptions for the value in use\ncalculations are those regarding the discount rates, growth rates\nand expected changes to selling prices and direct costs during the\nperiod.\u00a0 The directors estimate discount rates using pre-tax\nrates that reflect current market assessments of the time value of\nmoney and the risks specific to the operations.\u00a0 The growth\nrates are based on industry growth forecasts.\u00a0 Changes in\nselling prices and direct costs are based on past practices and\nexpectations of future changes in the market.\u00a0 The directors\nexpect the carrying amount of goodwill to be recoverable and there\nis no impairment in value of the goodwill.
\n\u00a0
\nRecognition of\ndeferred tax assets
\n\u00a0
\nThe extent to which\ndeferred tax assets can be recognised is based on an assessment of\nthe probability that future taxable income will be available\nagainst which the deductible temporary differences and tax loss\ncarry forwards can be utilised.\u00a0 In addition, significant\njudgement is required in assessing the impact of any legal or\neconomic limits or uncertainties in various tax\njurisdictions.\u00a0
\n\u00a0
\nDetermining the\nlease term of contracts with renewal and termination options\n\u2013 Group and the Holding Company as lessee
\n\u00a0
\nThe Group and the\nHolding Company determine the lease term as the non-cancellable\nterm of the lease, together with any periods covered by an option\nto extend the lease if it is reasonably certain to be exercised, or\nany periods covered by an option to terminate the lease, if it is\nreasonably certain not to be exercised.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company have lease contracts that include extension and\ntermination options.\u00a0 The Group and the Holding Company apply\njudgement in evaluating whether it is reasonably certain whether or\nnot to exercise the option to renew or terminate the lease.\u00a0\nThat is, it considers all relevant factors that create an economic\nincentive for it to exercise either the renewal or\ntermination.\u00a0 After the commencement date, the Group and the\nHolding Company reassess the lease term if there is a significant\nevent or change in circumstances that is within its control and\naffects its ability to exercise or not to exercise the option to\nrenew or to terminate.\u00a0
\n\u00a0
\nEstimation\nuncertainty
\n\u00a0
\nUseful lives of\ndepreciable assets
\n\u00a0
\nManagement reviews its\nestimate of the useful lives of depreciable assets at each\nreporting date, based on the expected utility of the assets.\u00a0\nUncertainties in these estimates relate to technological\nobsolescence that may change the utility of certain software and IT\nequipment.\u00a0
\n\u00a0
\nInventories
\n\u00a0
\nManagement estimates the\nnet realisable values of inventories, taking into account the most\nreliable evidence available at each reporting\ndate.\u00a0
\n\u00a0
\nLeases - Estimating\nthe incremental borrowing rate
\n\u00a0
\nThe Group and Holding\nCompany cannot readily determine the interest rate implicit in the\nlease, therefore, it uses its incremental borrowing rate (IBR) to\nmeasure lease liabilities.\u00a0 The IBR is the rate of interest\nthat the lessor company would have to pay to borrow over a similar\nterm, and with a similar security, the funds necessary to obtain an\nasset of a similar value to the right-of-use asset in a similar\neconomic environment.\u00a0 The IBR therefore reflects what the\nlessor company \u2018would have to pay\u2019, which requires\nestimation when no observable rates are available or when they need\nto be adjusted to reflect the terms and conditions of the\nlease.\u00a0 The Group and Holding Company estimates the IBR using\nobservable inputs (such as market interest rates) when available\nand is required to make certain entity-specific estimates (such as\nthe Group\u2019s stand-alone credit rating).\u00a0
", "dimensions": { "concept": "premiercapital:DisclosureOfJudgementsInApplyingAccountingPoliciesAndKeySourcesOfEstimationUncertaintyExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "RjN-QualNM": { "value": "4. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nNew or revised Standards or\nInterpretations
\n\u00a0
\nStandards,\namendments and Interpretations to existing Standards that have been\nadopted by the Group and the Holding Company
\n\u00a0
\nSome accounting\npronouncements which have become effective from 1 January 2025 and\nhave therefore been adopted do not have a significant impact on the\nGroup\u2019s and the Holding Company\u2019s financial results or\nposition.\u00a0 Accordingly, the Group and the Holding Company have\nmade no changes to its accounting policies in\n2025.\u00a0
\n\u00a0
\nOther Standards and\namendments that are effective for the first time in 2025 and could\nbe applicable to the Group and the Holding Company are:
\n\u00a0
\n| \n - \n | \n\n Lack of Exchangeability\n(Amendments to IAS 21) \n | \n
\u00a0
\nThese amendments do not\nhave a significant impact on these financial statements and\ntherefore no additional disclosures have been\nmade.\u00a0
\n\u00a0
\nStandards,\namendments and Interpretations to existing Standards that are not\nyet effective and have not been adopted early by the Group and the\nHolding Company
\n\u00a0
\nAt the date of\nauthorisation of these financial statements, several new, but not\nyet effective Standards, amendments to\nexisting Standards and Interpretations have been published by the\nIASB or IFRIC.\u00a0 None of these Standards, amendments to\nexisting Standards have been adopted early by the Group and the\nHolding Company and no Interpretations have been issued that are\napplicable and need to be taken into consideration by the Group and\nthe Holding Company.
\n\u00a0
\nOther\nStandards and amendments that are not yet\neffective and have not been adopted early by the Group\ninclude:
\n\u00a0
\n| \n - \n | \n\n Amendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and 7) \n | \n
| \n - \n | \n\n Contracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7) \n | \n
| \n - \n | \n\n Annual Improvements to\nIFRS Accounting Standards\u2014Volume 11 \n | \n
| \n - \n | \n\n IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
| \n - \n | \n\n Amendments to IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019 \n | \n
\u00a0
\nThese Standards and\namendments are not expected to have a significant impact on the\nfinancial statements in the period of initial application and\ntherefore no disclosures have been made.\u00a0 Management\nanticipates that all relevant pronouncements will be adopted for\nthe first period beginning on or after the effective date of the\npronouncement.
\n\u00a0
\nIn April 2024, the IASB\nissued IFRS 18, which replaces IAS 1 \u2018Presentation of\nFinancial Statements\u2019. The adoption of IFRS 18\n\u2018Presentation and Disclosure in financial\nstatements\u2019, effective for periods commencing on or after\n1 January 2027, is expected to have a material impact on the\npresentation of the financial Statements, and therefore relevant\ndisclosures are included below.
\n\u00a0
\nAlthough IFRS 18\nincludes many of the requirements of IAS 1, it introduces new\nrequirements to better structure financial statements and to\nprovide more detailed and useful information to investors,\nincluding:
\n\u00a0
\n| \n \u25cf \n | \n\n two new subtotals\ndefined in the statement of profit or loss, namely (1) operating\nprofit and (2) profit or loss before financing and income\ntaxes \n | \n
| \n \u25cf \n | \n\n the classification of\nall income and expenses within the statement of profit or loss in\none of five categories \n | \n
| \n \u25cf \n | \n\n a new requirement to\ndisclose performance measures defined by management, and \n | \n
| \n \u25cf \n | \n\n an improvement in the\nprinciples related to the aggregation and disaggregation of\ninformation in the financial statements and accompanying\nnotes. \n | \n
\u00a0
\nIFRS 18 will be applied\nretrospectively with specific transitional provisions.\u00a0 The\nGroup and Holding Company are currently working to identify all of\nthe impacts that IFRS 18 will have on the primary financial\nstatements and notes to the financial statements.
", "dimensions": { "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "T7oPV.04eQ": { "value": "4. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nNew or revised Standards or\nInterpretations\n\u00a0\nStandards,\namendments and Interpretations to existing Standards that have been\nadopted by the Group and the Holding Company\n\u00a0\nSome accounting\npronouncements which have become effective from 1 January 2025 and\nhave therefore been adopted do not have a significant impact on the\nGroup\u2019s and the Holding Company\u2019s financial results or\nposition.\u00a0 Accordingly, the Group and the Holding Company have\nmade no changes to its accounting policies in\n2025.\u00a0\n\u00a0\nOther Standards and\namendments that are effective for the first time in 2025 and could\nbe applicable to the Group and the Holding Company are:\n\u00a0\n\n\n\n\n-\n\n\nLack of Exchangeability\n(Amendments to IAS 21)\n\n\n\n\n\u00a0\nThese amendments do not\nhave a significant impact on these financial statements and\ntherefore no additional disclosures have been\nmade.\u00a0\n\u00a0\nStandards,\namendments and Interpretations to existing Standards that are not\nyet effective and have not been adopted early by the Group and the\nHolding Company\n\u00a0\nAt the date of\nauthorisation of these financial statements, several new, but not\nyet effective Standards, amendments to\nexisting Standards and Interpretations have been published by the\nIASB or IFRIC.\u00a0 None of these Standards, amendments to\nexisting Standards have been adopted early by the Group and the\nHolding Company and no Interpretations have been issued that are\napplicable and need to be taken into consideration by the Group and\nthe Holding Company.\n\u00a0\nOther\nStandards and amendments that are not yet\neffective and have not been adopted early by the Group\ninclude:\n\u00a0\n\n\n\n\n-\n\n\nAmendments to the\nClassification and Measurement of Financial Instruments (Amendments\nto IFRS 9 and 7)\n\n\n\n\n-\n\n\nContracts Referencing\nNature-dependent Electricity (Amendments to IFRS 9 and IFRS\n7)\n\n\n\n\n-\n\n\nAnnual Improvements to\nIFRS Accounting Standards\u2014Volume 11\n\n\n\n\n-\n\n\nIFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019\n\n\n\n\n-\n\n\nAmendments to IFRS 19\n\u2018Subsidiaries without Public Accountability:\nDisclosures\u2019\n\n\n\n\n\u00a0\nThese Standards and\namendments are not expected to have a significant impact on the\nfinancial statements in the period of initial application and\ntherefore no disclosures have been made.\u00a0 Management\nanticipates that all relevant pronouncements will be adopted for\nthe first period beginning on or after the effective date of the\npronouncement.\n\u00a0\nIn April 2024, the IASB\nissued IFRS 18, which replaces IAS 1 \u2018Presentation of\nFinancial Statements\u2019. The adoption of IFRS 18\n\u2018Presentation and Disclosure in financial\nstatements\u2019, effective for periods commencing on or after\n1 January 2027, is expected to have a material impact on the\npresentation of the financial Statements, and therefore relevant\ndisclosures are included below.\n\u00a0\nAlthough IFRS 18\nincludes many of the requirements of IAS 1, it introduces new\nrequirements to better structure financial statements and to\nprovide more detailed and useful information to investors,\nincluding:\n\u00a0\n\n\n\n\n\u25cf\n\n\ntwo new subtotals\ndefined in the statement of profit or loss, namely (1) operating\nprofit and (2) profit or loss before financing and income\ntaxes\n\n\n\n\n\u25cf\n\n\nthe classification of\nall income and expenses within the statement of profit or loss in\none of five categories\n\n\n\n\n\u25cf\n\n\na new requirement to\ndisclose performance measures defined by management, and\n\n\n\n\n\u25cf\n\n\nan improvement in the\nprinciples related to the aggregation and disaggregation of\ninformation in the financial statements and accompanying\nnotes.\n\n\n\n\n\u00a0\nIFRS 18 will be applied\nretrospectively with specific transitional provisions.\u00a0 The\nGroup and Holding Company are currently working to identify all of\nthe impacts that IFRS 18 will have on the primary financial\nstatements and notes to the financial statements.", "dimensions": { "concept": "ifrs-full:ExplanationOfNotAppliedNewStandardsOrInterpretations", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Jal5yNaO0M": { "value": "5. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nSegment information
\n\u00a0
\nThe Group operates one\nbusiness activity which is the operation of the McDonald\u2019s\nrestaurant business which activities are licensed under the terms\nof the franchise agreements awarded for each geographical\nlocation.\u00a0 The main line of activities are reported according\nto the geographical location.\u00a0 Each of these operating\nsegments is managed separately as each of these lines requires\nlocal resources.\u00a0 All inter segment transfers for management\nservices are carried out on a cost basis.\u00a0
\n\u00a0
\nThe accounting policy\nfor identifying segments is based on internal management reporting\ninformation that is regularly reviewed by the chief operating\ndecision maker.\u00a0
\n\u00a0
\nRevenue reported below\nrepresents revenue generated from external customers.\u00a0 Revenue\nearned by the Holding Company amounting to Eur1,156,550 (2024 -\nEur1,138,002) relates to consultancy, professional and support\nfees charged to subsidiaries.\u00a0 There were no inter-segment\nsales in both years presented.\u00a0 The Group's reportable\nsegments under IFRS 8 Operating Segments are direct sales\nattributable to each country where it operates as a\nMcDonald\u2019s development licensee.\u00a0
\n\u00a0
\nThe Group operates in\nsix principal geographical areas - Malta (country of domicile),\nEstonia, Greece, Latvia, Lithuania and Romania.\u00a0
\n\u00a0
\nMeasurement of\noperating segment profit or loss, assets and\nliabilities
\n\u00a0
\nSegment profit\nrepresents the profit earned by each segment after allocation of\ncentral administration costs.\u00a0 This is the measure reported to\nthe chief operating decision maker for the purposes of resource\nallocation and assessment of segment performance.\u00a0
\n\u00a0
\nThe unallocated amounts\nin the intangible assets line include the support services licence\namounting to Eur1,219,679 (2024 \u2013 Eur1,829,555) which\nrelates to the Baltic market as disclosed in note 13.\u00a0 It is\nnot possible to split this amount between the operating segments of\nLatvia, Lithuania and Estonia as this was acquired originally for\nthe market as a whole.
\n\u00a0
\nThe accounting policies\nof the reportable segments are the same as the Group's accounting\npolicies described in note 2.\u00a0
\n\u00a0
\nReconciliations of\nreportable segment revenues, profit or loss, assets and liabilities\nto consolidated totals are reported below:
\n\u00a0
\nProfit or loss\nbefore tax
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total profit for\nreportable segments \n | \n\n \u00a0 \n | \n\n 63,608,450 \n | \n\n \u00a069,856,708 \n | \n
| \n Elimination of inter\nsegment profits \n | \n\n \u00a0 \n | \n\n (60,694,868) \n | \n\n \u00a0(64,315,754) \n | \n
| \n Unallocated\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Revenue \n | \n\n \u00a0 \n | \n\n \u00a0\n1,156,550 \n | \n\n 1,138,002 \n | \n
| \n Administrative\nexpenses \n | \n\n \u00a0 \n | \n\n (9,107,057) \n | \n\n \u00a0(8,208,937) \n | \n
| \n Investment\nIncome \n | \n\n \u00a0 \n | \n\n 62,526,719 \n | \n\n \u00a066,538,526 \n | \n
| \n Finance\ncosts \n | \n\n \u00a0 \n | \n\n (2,960,163) \n | \n\n \u00a0(3,058,660) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 54,529,631 \n | \n\n \u00a061,949,885 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAssets
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total assets for\nreportable segments \n | \n\n \u00a0 \n | \n\n 402,960,946 \n | \n\n \u00a0391,690,091 \n | \n
| \n Elimination of inter\nsegment receivables \n | \n\n \u00a0 \n | \n\n (112,736) \n | \n\n (9,619) \n | \n
| \n Unallocated\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Goodwill \n | \n\n \u00a0 \n | \n\n 24,685,675 \n | \n\n \u00a024,888,095 \n | \n
| \n Intangible\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n1,367,393 \n | \n\n 2,030,165 \n | \n
| \n Financial assets at\nfair value through \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n other comprehensive\nincome \n | \n\n \u00a0 \n | \n\n 19,417,612 \n | \n\n \u00a018,181,578 \n | \n
| \n Loans and\nreceivables \n | \n\n \u00a0 \n | \n\n 21,641,682 \n | \n\n \u00a020,507,559 \n | \n
| \n Trade and other\nreceivables \n | \n\n \u00a0 \n | \n\n 330,186 \n | \n\n \u00a0348,196 \n | \n
| \n Current tax\nasset \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n 1,781,366 \n | \n
| \n Cash and cash\nequivalents \n | \n\n \u00a0 \n | \n\n \u00a02,097 \n | \n\n \u00a0 6,002 \n | \n
| \n Other unallocated\namounts \n | \n\n \u00a0 \n | \n\n (2,779,596) \n | \n\n \u00a0(10,409,010) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 467,513,259 \n | \n\n \u00a0449,014,423 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nLiabilities
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Total liabilities for\nreportable segments \n | \n\n \u00a0 \n | \n\n 259,842,837 \n | \n\n \u00a0244,882,294 \n | \n
| \n Elimination of inter\nsegment payables \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0 - \n | \n
| \n Unallocated\namounts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\npayables \n | \n\n \u00a0 \n | \n\n \u00a0\n2,230,285 \n | \n\n 1,159,149 \n | \n
| \n Other financial\nliabilities \n | \n\n \u00a0 \n | \n\n 302,936 \n | \n\n \u00a0259,290 \n | \n
| \n Current tax\nliabilities \n | \n\n \u00a0 \n | \n\n 18,041 \n | \n\n - \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0 \n | \n\n 39,810,381 \n | \n\n \u00a039,372,467 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0 \n | \n\n 64,914,147 \n | \n\n \u00a064,820,488 \n | \n
| \n Deferred tax\nliabilities \n | \n\n \u00a0 \n | \n\n 178,687 \n | \n\n \u00a0428,646 \n | \n
| \n Other unallocated\namounts \n | \n\n \u00a0 \n | \n\n \u00a0\n78,483 \n | \n\n 98,728 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 367,375,797 \n | \n\n \u00a0351,021,062 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe Group's revenue and\nresults from continuing operations from external customers and\ninformation about its assets and liabilities by reportable segment\nare detailed below.\u00a0
Segment\nreport
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eliminations \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0and \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Estonia \n | \n\n \u00a0Greece \n | \n\n \u00a0Latvia \n | \n\n \u00a0Lithuania \n | \n\n \u00a0Malta \n | \n\n \u00a0Romania \n | \n\n \u00a0Total \n | \n\n Unallocated \n | \n\n adjustments \n | \n\n Consolidated \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n
| \n Continuing\noperations \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Revenue \n | \n\n \u00a0 \n | \n\n 42,963,429 \n | \n\n \u00a0109,593,801 \n | \n\n 50,784,284 \n | \n\n \u00a0\n69,249,931 \n | \n\n \u00a0\n52,140,524 \n | \n\n 447,940,068 \n | \n\n 772,672,037 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0772,672,037 \n | \n
| \n Profit before\ntax \n | \n\n \u00a0 \n | \n\n \u00a0\n3,775,267 \n | \n\n 679,506 \n | \n\n \u00a0\n6,305,241 \n | \n\n \u00a07,540,753 \n | \n\n \u00a04,816,157 \n | \n\n \u00a0\n40,491,526 \n | \n\n \u00a0\n63,608,450 \n | \n\n \u00a0\n51,616,049 \n | \n\n (60,694,868) \n | \n\n 54,529,631 \n | \n
| \n Depreciation\nand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n amortisation \n | \n\n \u00a0 \n | \n\n \u00a0\n1,365,632 \n | \n\n \u00a0\n7,603,316 \n | \n\n \u00a0\n2,749,707 \n | \n\n \u00a02,963,091 \n | \n\n \u00a02,691,268 \n | \n\n \u00a0\n18,710,302 \n | \n\n \u00a0\n36,083,316 \n | \n\n \u00a0\n752,625 \n | \n\n \u00a08,475 \n | \n\n 36,844,416 \n | \n
| \n Segment\nassets \n | \n\n \u00a0 \n | \n\n 13,169,758 \n | \n\n 81,599,101 \n | \n\n 34,433,904 \n | \n\n \u00a0\n39,138,257 \n | \n\n \u00a0\n24,614,786 \n | \n\n 210,005,140 \n | \n\n 402,960,946 \n | \n\n \u00a0\n64,665,049 \n | \n\n (112,736) \n | \n\n \u00a0467,513,259 \n | \n
| \n Right-of-use\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n2,876,475 \n | \n\n 47,570,293 \n | \n\n 15,231,507 \n | \n\n \u00a0\n19,927,903 \n | \n\n \u00a0\n10,914,395 \n | \n\n \u00a0\n68,360,171 \n | \n\n 164,880,744 \n | \n\n \u00a0\n313,893 \n | \n\n \u00a0- \n | \n\n \u00a0165,194,637 \n | \n
| \n Property, plant\nand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n equipment \n | \n\n \u00a0 \n | \n\n \u00a0\n5,082,544 \n | \n\n 24,731,006 \n | \n\n \u00a0\n7,468,168 \n | \n\n \u00a0\n10,896,604 \n | \n\n \u00a08,914,629 \n | \n\n 122,300,850 \n | \n\n 179,393,801 \n | \n\n \u00a059,645 \n | \n\n (280,359) \n | \n\n \u00a0179,173,087 \n | \n
| \n Intangible\nassets \n | \n\n \u00a0 \n | \n\n 117,837 \n | \n\n 556,397 \n | \n\n 352,954 \n | \n\n \u00a0\n434,714 \n | \n\n \u00a0\n282,761 \n | \n\n \u00a0\n966,176 \n | \n\n \u00a02,710,839 \n | \n\n \u00a01,367,393 \n | \n\n \u00a016,975 \n | \n\n \u00a0\n4,095,207 \n | \n
| \n Capital\nexpenditure \n | \n\n \u00a0 \n | \n\n \u00a0\n1,559,150 \n | \n\n \u00a0\n1,928,879 \n | \n\n \u00a0\n1,970,090 \n | \n\n \u00a02,561,410 \n | \n\n \u00a04,551,719 \n | \n\n \u00a0\n20,800,637 \n | \n\n \u00a0\n33,371,885 \n | \n\n \u00a058,875 \n | \n\n \u00a0- \n | \n\n 33,430,760 \n | \n
| \n Segment\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0\n7,511,451 \n | \n\n 66,130,949 \n | \n\n 25,023,089 \n | \n\n \u00a0\n28,397,411 \n | \n\n \u00a0\n19,209,938 \n | \n\n 113,569,999 \n | \n\n 259,842,837 \n | \n\n 107,532,960 \n | \n\n \u00a0- \n | \n\n \u00a0367,375,797 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0\n3,104,088 \n | \n\n 51,986,794 \n | \n\n 16,700,300 \n | \n\n \u00a0\n21,630,653 \n | \n\n \u00a0\n12,069,835 \n | \n\n \u00a0\n72,244,915 \n | \n\n 177,736,585 \n | \n\n \u00a0\n342,473 \n | \n\n \u00a0- \n | \n\n \u00a0178,079,058 \n | \n
| \n Income tax\nexpense \n | \n\n \u00a0 \n | \n\n \u00a0\n1,195,834 \n | \n\n 420,170 \n | \n\n \u00a0\n1,131,716 \n | \n\n \u00a01,260,055 \n | \n\n \u00a01,753,510 \n | \n\n \u00a07,860,342 \n | \n\n \u00a0\n13,621,627 \n | \n\n \u00a0\n225,209 \n | \n\n (538,462) \n | \n\n 13,308,374 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eliminations \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0and \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Estonia \n | \n\n \u00a0Greece \n | \n\n \u00a0Latvia \n | \n\n \u00a0Lithuania \n | \n\n \u00a0Malta \n | \n\n \u00a0Romania \n | \n\n \u00a0Total \n | \n\n Unallocated \n | \n\n adjustments \n | \n\n Consolidated \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n
| \n Continuing\noperations \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Revenue \n | \n\n \u00a0 \n | \n\n 41,623,328 \n | \n\n \u00a0108,799,897 \n | \n\n 47,530,190 \n | \n\n \u00a0\n64,936,728 \n | \n\n \u00a0\n48,355,688 \n | \n\n 403,421,275 \n | \n\n 714,667,106 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0714,667,106 \n | \n
| \n Profit before\ntax \n | \n\n \u00a0 \n | \n\n \u00a0\n4,869,072 \n | \n\n \u00a0\n2,222,858 \n | \n\n \u00a0\n6,414,622 \n | \n\n \u00a08,319,326 \n | \n\n \u00a04,911,831 \n | \n\n \u00a0\n43,118,999 \n | \n\n \u00a0\n69,856,708 \n | \n\n \u00a0\n56,408,931 \n | \n\n (64,315,754) \n | \n\n 61,949,885 \n | \n
| \n Depreciation\nand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n amortisation \n | \n\n \u00a0 \n | \n\n \u00a0\n1,282,731 \n | \n\n \u00a0\n7,552,038 \n | \n\n \u00a0\n2,519,826 \n | \n\n \u00a02,752,178 \n | \n\n \u00a02,546,746 \n | \n\n \u00a0\n15,970,871 \n | \n\n \u00a0\n32,624,390 \n | \n\n \u00a0\n740,622 \n | \n\n \u00a08,475 \n | \n\n 33,373,487 \n | \n
| \n Segment\nassets \n | \n\n \u00a0 \n | \n\n 14,986,420 \n | \n\n 79,548,658 \n | \n\n 35,030,012 \n | \n\n \u00a0\n38,893,131 \n | \n\n \u00a0\n18,250,904 \n | \n\n 204,980,966 \n | \n\n 391,690,091 \n | \n\n \u00a0\n57,333,951 \n | \n\n \u00a0(9,619) \n | \n\n \u00a0449,014,423 \n | \n
| \n Right-of-use\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n3,191,480 \n | \n\n 42,554,880 \n | \n\n 16,298,883 \n | \n\n \u00a0\n19,391,502 \n | \n\n \u00a07,554,366 \n | \n\n \u00a0\n60,563,129 \n | \n\n 149,554,240 \n | \n\n \u00a0\n309,657 \n | \n\n \u00a0- \n | \n\n \u00a0149,863,897 \n | \n
| \n Property, plant\nand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n equipment \n | \n\n \u00a0 \n | \n\n \u00a0\n4,484,138 \n | \n\n 27,065,233 \n | \n\n \u00a0\n6,810,671 \n | \n\n \u00a0\n10,052,627 \n | \n\n \u00a05,519,806 \n | \n\n 105,738,619 \n | \n\n 159,671,094 \n | \n\n \u00a024,537 \n | \n\n (280,359) \n | \n\n \u00a0159,415,272 \n | \n
| \n Intangible\nassets \n | \n\n \u00a0 \n | \n\n 129,365 \n | \n\n 547,572 \n | \n\n 302,869 \n | \n\n \u00a0\n428,365 \n | \n\n \u00a0\n223,816 \n | \n\n \u00a0\n951,994 \n | \n\n \u00a02,583,981 \n | \n\n \u00a02,030,165 \n | \n\n \u00a025,450 \n | \n\n \u00a0\n4,639,596 \n | \n
| \n Capital\nexpenditure \n | \n\n \u00a0 \n | \n\n 763,483 \n | \n\n \u00a0\n6,736,455 \n | \n\n \u00a0\n1,647,999 \n | \n\n \u00a02,922,358 \n | \n\n \u00a02,284,897 \n | \n\n \u00a0\n25,353,498 \n | \n\n \u00a0\n39,708,690 \n | \n\n \u00a024,772 \n | \n\n \u00a0- \n | \n\n 39,733,462 \n | \n
| \n Segment\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0\n7,667,771 \n | \n\n 62,692,606 \n | \n\n 25,591,107 \n | \n\n \u00a0\n27,386,875 \n | \n\n \u00a0\n14,908,705 \n | \n\n 106,635,230 \n | \n\n 244,882,294 \n | \n\n 106,138,768 \n | \n\n \u00a0- \n | \n\n \u00a0351,021,062 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0\n3,409,326 \n | \n\n 46,121,830 \n | \n\n 17,561,245 \n | \n\n \u00a0\n20,865,367 \n | \n\n \u00a08,434,354 \n | \n\n \u00a0\n63,031,688 \n | \n\n 159,423,810 \n | \n\n \u00a0\n336,648 \n | \n\n \u00a0- \n | \n\n \u00a0159,760,458 \n | \n
| \n Income tax\nexpense \n | \n\n \u00a0 \n | \n\n 629,297 \n | \n\n 605,841 \n | \n\n \u00a0\n1,213,007 \n | \n\n \u00a01,273,218 \n | \n\n \u00a01,786,002 \n | \n\n \u00a06,853,903 \n | \n\n \u00a0\n12,361,268 \n | \n\n \u00a01,417,690 \n | \n\n \u00a0\n(1,673,927) \n | \n\n 12,105,031 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
6. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nInvestment income
\n\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n | ||
| \n Interest income on bank\ndeposits \n | \n\n \u00a0\n374,588 \n | \n\n \u00a0\n689,813 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n||
| \n Interest income from\nultimate parent \n | \n\n \u00a0\n825,553 \n | \n\n \u00a0\n825,553 \n | \n\n \u00a0 \n | \n\n \u00a0\n825,553 \n | \n\n \u00a0\n825,553 \n | \n||
| \n Gain on derivative\nfinancial instrument \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a065,467 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n||
| \n Gain on financial assets\nat fair value through \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n | ||
| \n other comprehensive\nincome \n | \n\n 449,528\u00a0 \n | \n\n \u00a0\n460,068 \n | \n\n \u00a0 \n | \n\n \u00a0\n442,949 \n | \n\n \u00a0\n460,068 \n | \n||
| \n Other interest\nincome \n | \n\n 432,840\u00a0 \n | \n\n \u00a0\n829,896 \n | \n\n \u00a0 \n | \n\n \u00a0\n432,840 \n | \n\n \u00a0\n829,896 \n | \n||
| \n Dividends from financial\nassets at fair value through \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n | ||
| \n other comprehensive\nincome \n | \n\n 130,509\u00a0 \n | \n\n \u00a0\n107,255 \n | \n\n \u00a0 \n | \n\n \u00a0\n130,509 \n | \n\n \u00a0\n107,255 \n | \n||
| \n Dividends from\ninvestments in subsidiaries \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0 \n | \n\n \u00a0\n60,694,868 \n | \n\n \u00a0\n64,315,754 \n | \n||
| \n \u00a0 \n | \n\n \u00a02,213,018 \n | \n\n \u00a02,978,052 \n | \n\n \u00a0 \n | \n\n \u00a0\n62,526,719 \n | \n\n \u00a0\n66,538,526 \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n | \n | \n | \n | \n | \n | \n |
7. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nFinance costs
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Interest on bank\nborrowings \n | \n\n \u00a01,571,309 \n | \n\n \u00a01,522,233 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n||
| \n Interest on\nbonds \n | \n\n \u00a02,437,500 \n | \n\n \u00a02,437,500 \n | \n\n \u00a0 \n | \n\n \u00a02,437,500 \n | \n\n \u00a02,437,500 \n | \n||
| \n Amortisation of bond\nissue expenses \n | \n\n \u00a093,659 \n | \n\n \u00a093,658 \n | \n\n \u00a0 \n | \n\n \u00a093,659 \n | \n\n \u00a093,658 \n | \n||
| \n Interest on amounts\npayable to subsidiaries \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0 \n | \n\n \u00a0\n271,191 \n | \n\n \u00a0\n439,660 \n | \n||
| \n Interest expense for\nleasing arrangements \n | \n\n \u00a07,612,112 \n | \n\n \u00a06,558,642 \n | \n\n \u00a0 \n | \n\n \u00a012,211 \n | \n\n \u00a013,374 \n | \n||
| \n Other finance\ncosts \n | \n\n \u00a0\n335,936 \n | \n\n \u00a0\n166,138 \n | \n\n \u00a0 \n | \n\n \u00a0\n145,602 \n | \n\n \u00a074,468 \n | \n||
| \n \u00a0 \n | \n\n \u00a0\n12,050,516 \n | \n\n \u00a0\n10,778,171 \n | \n\n \u00a0 \n | \n\n \u00a02,960,163 \n | \n\n \u00a03,058,660 \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n | \n | \n | \n | \n | \n | \n |
8. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nProfit before tax
\n\u00a0
\nA list of expenses by\nnature making up\nthe cost of sales, selling expenses and administrative expenses of\nthe Group and the Holding Company is set out below.\u00a0\n
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Raw materials and\nconsumables used \n | \n\n 261,416,398\u00a0 \n | \n\n 229,744,583\u00a0 \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n||
| \n Changes in inventories\nof raw materials \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n and consumables\nused \n | \n\n (1,802,290) \n | \n\n (656,400) \n | \n\n \u00a0 \n | \n\n -\u00a0 \n | \n\n -\u00a0 \n | \n||
| \n Advertising, promotion\nand other \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n distribution\ncosts \n | \n\n 74,716,523\u00a0 \n | \n\n 67,118,647\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0-\u00a0 \n | \n||
| \n Amortisation of\nintangible \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n assets (note\n13) \n | \n\n 1,440,784\u00a0 \n | \n\n 1,319,776\u00a0 \n | \n\n \u00a0 \n | \n\n 668,820\u00a0 \n | \n\n \u00a0\n666,695 \n | \n||
| \n Depreciation of\nproperty, plant and \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n equipment (note\n14) \n | \n\n 19,653,664\u00a0 \n | \n\n 18,188,683\u00a0 \n | \n\n \u00a0 \n | \n\n 17,719\u00a0 \n | \n\n \u00a010,964 \n | \n||
| \n Depreciation of\nright-of-use assets (note 15) \n | \n\n 15,749,968\u00a0 \n | \n\n 13,865,028\u00a0 \n | \n\n \u00a0 \n | \n\n 66,086\u00a0 \n | \n\n \u00a062,963 \n | \n||
| \n Legal and professional\nfees \n | \n\n 1,538,264\u00a0 \n | \n\n 1,697,315\u00a0 \n | \n\n \u00a0 \n | \n\n 230,700\u00a0 \n | \n\n \u00a0\n225,613 \n | \n||
| \n Management fees payable\nto \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n ultimate\nparent \n | \n\n 1,000,000\u00a0 \n | \n\n 1,000,000\u00a0 \n | \n\n \u00a0 \n | \n\n 1,000,000\u00a0 \n | \n\n \u00a01,000,000 \n | \n||
| \n Operating lease rentals\n(note 32) \n | \n\n 1,330,620\u00a0 \n | \n\n 1,302,581\u00a0 \n | \n\n \u00a0 \n | \n\n 1,330,620\u00a0 \n | \n\n \u00a01,302,581 \n | \n||
| \n Variable rental lease\npayments (note 25) \n | \n\n 12,360,193\u00a0 \n | \n\n 11,378,663\u00a0 \n | \n\n \u00a0 \n | \n\n 23,817\u00a0 \n | \n\n \u00a0- \n | \n||
| \n Operating\nsupplies \n | \n\n 22,488,751\u00a0 \n | \n\n 22,149,195\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0- \n | \n||
| \n Royalties \n | \n\n 59,604,884\u00a0 \n | \n\n 55,402,455\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0- \n | \n||
| \n Maintenance and\nrepairs \n | \n\n 8,094,251\u00a0 \n | \n\n 8,485,998\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0- \n | \n||
| \n Travelling\nexpenses \n | \n\n 5,725,406\u00a0 \n | \n\n 5,902,497\u00a0 \n | \n\n \u00a0 \n | \n\n 3,239,844\u00a0 \n | \n\n \u00a03,340,693 \n | \n||
| \n Utilities and telephone\nexpenses \n | \n\n 20,156,932\u00a0 \n | \n\n 18,936,613\u00a0 \n | \n\n \u00a0 \n | \n\n 11,723\u00a0 \n | \n\n \u00a015,143 \n | \n||
| \n Directors\nemoluments \n | \n\n 75,385\u00a0 \n | \n\n 63,000\u00a0 \n | \n\n \u00a0 \n | \n\n 75,385\u00a0 \n | \n\n \u00a063,000 \n | \n||
| \n Wages and salaries (note\n10) \n | \n\n 190,861,687\u00a0 \n | \n\n 176,196,729\u00a0 \n | \n\n \u00a0 \n | \n\n 2,273,078\u00a0 \n | \n\n \u00a01,334,916 \n | \n||
| \n Bank charges \n | \n\n 2,523,141\u00a0 \n | \n\n 2,221,372\u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0-\u00a0 \n | \n\n \u00a0- \n | \n||
| \n Office and general\nexpenses \n | \n\n 5,330,851\u00a0 \n | \n\n 5,252,268\u00a0 \n | \n\n \u00a0 \n | \n\n 128,615\u00a0 \n | \n\n \u00a093,887 \n | \n||
| \n Other\nexpenses \n | \n\n 8,816,841\u00a0 \n | \n\n 6,774,112\u00a0 \n | \n\n \u00a0 \n | \n\n 19,158\u00a0 \n | \n\n \u00a083,388 \n | \n||
| \n Total \n | \n\n 711,082,253\u00a0 \n | \n\n 646,343,115\u00a0 \n | \n\n \u00a0 \n | \n\n 9,085,565\u00a0 \n | \n\n \u00a08,199,843 \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0
\nOperating profit/(loss)\nis stated after charging/(crediting) the following:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Net exchange\ndifferences \n | \n\n 1,947,887\u00a0 \n | \n\n \u00a020,984 \n | \n\n \u00a0 \n | \n\n \u00a0\n(81,420) \n | \n\n \u00a022,343 \n | \n
| \n Loss / (gain) on\ndisposal of property, plant \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n and equipment \n | \n\n 1,466,633\u00a0 \n | \n\n \u00a01,539,319 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0 (610) \n | \n
| \n Impairment loss on\nproperty, plant \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n and equipment (note\n14) \n | \n\n 620,352\u00a0 \n | \n\n \u00a0\n425,742 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Reversal of impairment\nloss \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n on property, plant and\nequipment (note 14) \n | \n\n (696,475) \n | \n\n \u00a0\n(352,622) \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe analysis of the\namounts that are payable to the auditors and that are required to\nbe disclosed are as follows:
\n\u00a0
\nGroup
\n\u00a0
\nTotal remuneration\npayable to the parent company\u2019s auditors in respect of the\naudit of the financial statements and the undertakings included in\nthe consolidated financial statements amounted to Eur68,000\n(2024 \u2013 Eur67,210) and the remuneration payable to the\nother auditors in respect of the audits of the undertakings\nincluded in the consolidated financial statements amounted t o\nEur262,804 (2024 \u2013 Eur275,538).\u00a0 Other fees payable\nto the parent company\u2019s auditors for tax services amounted\nto Eur2,157 (2024 \u2013 Eur1,650).\u00a0
\n\u00a0
\nHolding\nCompany
\n\u00a0
\nTotal remuneration\npayable to the parent company\u2019s auditors for the audit of the\nHolding Company and the Group\u2019s financial statements amounted\nto Eur42,000 (2024 \u2013 Eur42,700).\u00a0 Other fees\npayable to the parent company\u2019s auditors for tax services\namounted to Eur1,357 (2024 \u2013 Eur850).\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ytRYPDyoJo": { "value": "Total remuneration\npayable to the parent company\u2019s auditors in respect of the\naudit of the financial statements and the undertakings included in\nthe consolidated financial statements amounted to Eur68,000\n(2024 \u2013 Eur67,210) and the remuneration payable to the\nother auditors in respect of the audits of the undertakings\nincluded in the consolidated financial statements amounted t o\nEur262,804 (2024 \u2013 Eur275,538).\u00a0 Other fees payable\nto the parent company\u2019s auditors for tax services amounted\nto Eur2,157 (2024 \u2013 Eur1,650).\u00a0
\n\u00a0
\nHolding\nCompany
\n\u00a0
\nTotal remuneration\npayable to the parent company\u2019s auditors for the audit of the\nHolding Company and the Group\u2019s financial statements amounted\nto Eur42,000 (2024 \u2013 Eur42,700).\u00a0 Other fees\npayable to the parent company\u2019s auditors for tax services\namounted to Eur1,357 (2024 \u2013 Eur850).\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "sxkSHGZQta": { "value": "9. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nKey management personnel\ncompensation
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Group and Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Directors' compensation: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Short term\nbenefits: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Directors'\nremuneration \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a075,385 \n | \n\n \u00a063,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Other\nkey management personnel compensation: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Short term\nbenefits: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Salaries and social\nsecurity contribution \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a01,060,662 \n | \n\n \u00a0\n907,378 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a01,136,047 \n | \n\n \u00a0\n970,378 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
10.\u00a0\n\u00a0\u00a0 Staff costs and employee information
\n\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n\n \u00a0 \n | \n||||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n|||
| \n Staff\ncosts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|||
| \n Wages and\nsalaries \n | \n\n \u00a0\n175,055,866 \n | \n\n \u00a0\n161,267,848 \n | \n\n \u00a0 \n | \n\n \u00a02,002,585 \n | \n\n \u00a01,302,238 \n | \n|||
| \n Social security\ncosts \n | \n\n \u00a0\n15,805,821 \n | \n\n \u00a0\n14,928,881 \n | \n\n \u00a0 \n | \n\n \u00a036,175 \n | \n\n \u00a032,678 \n | \n|||
| \n \u00a0 \n | \n\n \u00a0\n190,861,687 \n | \n\n \u00a0\n176,196,729 \n | \n\n \u00a0 \n | \n\n \u00a02,038,760 \n | \n\n \u00a01,334,916 \n | \n|||
| \n Recharged from\nsubsidiaries \n | \n\n - \n | \n\n - \n | \n\n \u00a0 \n | \n\n \u00a0\n234,318 \n | \n\n \u00a0- \n | \n|||
| \n \u00a0 \n | \n\n \u00a0\n190,861,687 \n | \n\n \u00a0\n176,196,729 \n | \n\n \u00a0 \n | \n\n \u00a02,273,078 \n | \n\n \u00a01,334,916 \n | \n|||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|||
| \n | \n | \n | \n | \n | \n | \n | \n | \n |
\u00a0
\nThe above staff costs\nare exclusive of the directors\u2019 emoluments.\u00a0
\n\u00a0
\nThe average number of\npersons employed during the year by the Group and the Holding\nCompany excluding executive directors, was made up as\nfollows:
\n\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Number \n | \n\n \u00a0Number \n | \n\n \u00a0 \n | \n\n \u00a0Number \n | \n\n \u00a0Number \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Operations \n | \n\n \u00a011,253 \n | \n\n \u00a010,119 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n||
| \n Administration \n | \n\n \u00a0252 \n | \n\n \u00a0236 \n | \n\n \u00a0 \n | \n\n \u00a020 \n | \n\n \u00a015 \n | \n||
| \n \u00a0 \n | \n\n \u00a011,505 \n | \n\n \u00a010,355 \n | \n\n \u00a0 \n | \n\n \u00a020 \n | \n\n \u00a015 \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n | \n | \n | \n | \n | \n | \n | \n |
11.\u00a0\n\u00a0\u00a0 Income tax expense/(credit)
\n\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Current tax\nexpense \n | \n\n \u00a012,946,268 \n | \n\n \u00a0\n14,142,753 \n | \n\n \u00a0 \n | \n\n \u00a0\n475,168 \n | \n\n \u00a01,661,765 \n | \n
| \n Deferred tax\nexpense/(credit) \n | \n\n \u00a0362,106 \n | \n\n \u00a0\n(2,037,722) \n | \n\n \u00a0 \n | \n\n (249,959) \n | \n\n (244,075) \n | \n
| \n \u00a0 \n | \n\n \u00a013,308,374 \n | \n\n \u00a0\n12,105,031 \n | \n\n \u00a0 \n | \n\n \u00a0\n225,209 \n | \n\n \u00a01,417,690 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Tax applying the\nstatutory domestic income tax rate and the income tax expense for\nthe year are reconciled as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Profit before\ntax \n | \n\n \u00a054,529,631 \n | \n\n \u00a0\n61,949,885 \n | \n\n \u00a0 \n | \n\n \u00a0\n51,637,541 \n | \n\n \u00a0\n56,418,025 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Tax at the applicable\nrate of 35% \n | \n\n \u00a019,085,371 \n | \n\n \u00a0\n21,682,460 \n | \n\n \u00a0 \n | \n\n \u00a0\n18,073,139 \n | \n\n \u00a0\n19,746,309 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Tax effect\nof: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-deductibility of\ndepreciation and amortisation \n | \n\n \u00a0370,461 \n | \n\n \u00a0\n332,138 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Effect of deferred tax\nrecognition \n | \n\n \u00a0542,657 \n | \n\n \u00a0\n(1,477,802) \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Disallowable\nexpenses \n | \n\n 3,334,922 \n | \n\n \u00a03,951,421 \n | \n\n \u00a0 \n | \n\n \u00a02,945,136 \n | \n\n \u00a02,708,592 \n | \n
| \n Effect of different tax\nrates of subsidiaries \n | \n\n \u00a0\n(12,742,646) \n | \n\n (14,094,740) \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Effect of flat rate\nforeign tax credit \n | \n\n \u00a0(88,324) \n | \n\n (141,930) \n | \n\n \u00a0 \n | \n\n \u00a0\n(88,324) \n | \n\n (141,930) \n | \n
| \n Untaxed\ndividends \n | \n\n - \n | \n\n \u00a0- \n | \n\n \u00a0 \n | \n\n (20,704,742) \n | \n\n (20,895,281) \n | \n
| \n Profits not chargeable\nto tax and tax exemptions \n | \n\n 2,496,237 \n | \n\n \u00a01,634,942 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Prior year under\nprovided tax \n | \n\n - \n | \n\n \u00a0\n(58,542) \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Other permanent\ndifferences \n | \n\n \u00a0309,696 \n | \n\n \u00a0\n277,084 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Income tax expense for\nthe year \n | \n\n \u00a013,308,374 \n | \n\n \u00a0\n12,105,031 \n | \n\n \u00a0 \n | \n\n \u00a0\n225,209 \n | \n\n \u00a01,417,690 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
The tax rate used for\nthe 2025 and 2024 reconciliations is the corporate tax rate of\n35% payable by corporate entities in Malta on taxable profits\nunder tax law in Malta.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "UbiauJjTTR": { "value": "12.\u00a0\n\u00a0\u00a0 Dividends
\n\u00a0
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nGroup and Holding Company
\n\u00a0
\nIn respect of the\ncurrent year, a net interim dividend of Eur47,000,000 (\nEur139.57c per ordinary share) (2024 \u2013\nEur55,000,000 ( Eur163.33c per ordinary share)\n) was declared to the ordinary shareholders of the Holding\nCompany.\u00a0 Dividends were settled in full during the\nyear.
\n\u00a0
\nFurthermore, dividends\namounting to Eur60,694,868 (Eur180.24c per ordinary share) (2024\n\u2013 Eur64,315,754 (Eur190.99c per ordinary share ) were\npaid during the year by the direct subsidiaries to the Holding\nCompany.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfDividendsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "ygmaV1BW9H": { "value": "47000000.0", "decimals": 0, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR" } }, "ibCp.Rd-Bv": { "value": "139.57", "decimals": 3, "dimensions": { "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00", "unit": "iso4217:EUR/xbrli:shares" } }, "grZZcF8RT_": { "value": "13.\u00a0\n\u00a0\u00a0 Intangible assets
\n\u00a0
\nGroup
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Support \n | \n\n \u00a0 \n | \n\n Acquired \n | \n\n \u00a0 \n | \n\n |
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n services \n | \n\n Computer \n | \n\n rights\nand \n | \n\n Other \n | \n\n |
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n licence \n | \n\n software \n | \n\n franchise\nfee \n | \n\n intangibles \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n |
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n12,366,964 \n | \n\n \u00a03,622,970 \n | \n\n \u00a04,568,824 \n | \n\n 6,962 \n | \n\n \u00a0\n20,565,720 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n600,219 \n | \n\n \u00a0\n147,149 \n | \n\n 2,834 \n | \n\n \u00a0\n750,202 \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(149,166) \n | \n\n \u00a0\n(53,983) \n | \n\n - \n | \n\n \u00a0\n(203,149) \n | \n
| \n Transfers \n | \n\n \u00a0 \n | \n\n - \n | \n\n 3,700 \n | \n\n \u00a0(3,700) \n | \n\n - \n | \n\n - \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0179 \n | \n\n \u00a0235 \n | \n\n 1 \n | \n\n \u00a0415 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n12,366,964 \n | \n\n \u00a04,077,902 \n | \n\n \u00a04,658,525 \n | \n\n 9,797 \n | \n\n \u00a0\n21,113,188 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n790,516 \n | \n\n \u00a0\n130,995 \n | \n\n 6,182 \n | \n\n \u00a0\n927,693 \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(15,308) \n | \n\n \u00a0\n(50,725) \n | \n\n - \n | \n\n \u00a0\n(66,033) \n | \n
| \n Transfers \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(13,277) \n | \n\n \u00a019,955 \n | \n\n \u00a0(6,678) \n | \n\n - \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(48,315) \n | \n\n \u00a0\n(57,067) \n | \n\n \u00a0 (293) \n | \n\n \u00a0\n(105,675) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n12,366,964 \n | \n\n \u00a04,791,518 \n | \n\n \u00a04,701,683 \n | \n\n 9,008 \n | \n\n \u00a0\n21,869,173 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortisation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a09,893,607 \n | \n\n \u00a02,712,614 \n | \n\n \u00a02,735,645 \n | \n\n 1,390 \n | \n\n \u00a0\n15,343,256 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a0\n618,351 \n | \n\n \u00a0\n561,183 \n | \n\n \u00a0\n139,997 \n | \n\n \u00a0245 \n | \n\n \u00a01,319,776 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(188,470) \n | \n\n \u00a0(1,290) \n | \n\n - \n | \n\n \u00a0\n(189,760) \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0159 \n | \n\n \u00a0160 \n | \n\n 1 \n | \n\n \u00a0320 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n10,511,958 \n | \n\n \u00a03,085,486 \n | \n\n \u00a02,874,512 \n | \n\n 1,636 \n | \n\n \u00a0\n16,473,592 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a0\n618,351 \n | \n\n \u00a0\n652,008 \n | \n\n \u00a0\n170,425 \n | \n\n - \n | \n\n \u00a01,440,784 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(12,894) \n | \n\n \u00a0\n(37,995) \n | \n\n \u00a0(7,498) \n | \n\n \u00a0\n(58,387) \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(43,127) \n | \n\n \u00a0\n(38,817) \n | \n\n \u00a0(79) \n | \n\n \u00a0\n(82,023) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n11,130,309 \n | \n\n \u00a03,681,473 \n | \n\n \u00a02,968,125 \n | \n\n \u00a0(5,941) \n | \n\n \u00a0\n17,773,966 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2024 \n | \n\n \u00a0 \n | \n\n \u00a01,855,006 \n | \n\n \u00a0\n992,416 \n | \n\n \u00a01,784,013 \n | \n\n 8,161 \n | \n\n \u00a04,639,596 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a01,236,655 \n | \n\n \u00a01,110,045 \n | \n\n \u00a01,733,558 \n | \n\n \u00a014,949 \n | \n\n \u00a04,095,207 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Holding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Support \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n services \n | \n\n Computer \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n licence \n | \n\n Software \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n 12,197,438 \n | \n\n 469,387 \n | \n\n 12,666,825 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n11,535 \n | \n\n \u00a0\n11,535 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n 12,197,438 \n | \n\n 480,922 \n | \n\n 12,678,360 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a06,048 \n | \n\n \u00a06,048 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n 12,197,438 \n | \n\n 486,970 \n | \n\n 12,684,408 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortisation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n9,758,007 \n | \n\n 223,493 \n | \n\n \u00a0\n9,981,500 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n 609,876 \n | \n\n \u00a0\n56,819 \n | \n\n 666,695 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n 10,367,883 \n | \n\n 280,312 \n | \n\n 10,648,195 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n 609,876 \n | \n\n \u00a0\n58,944 \n | \n\n 668,820 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n 10,977,759 \n | \n\n 339,256 \n | \n\n 11,317,015 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n1,829,555 \n | \n\n 200,610 \n | \n\n \u00a0\n2,030,165 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n1,219,679 \n | \n\n 147,714 \n | \n\n \u00a0\n1,367,393 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe\namortisation expense on\nintangible assets has been included in the line item\n\u2018Administrative expenses\u2019 in the statement of profit or\nloss and other comprehensive income.
\n\u00a0
\nThe acquired rights\nand franchise fees in relation to the Group with a carrying amount\nof Eur1,733,558 (2024 \u2013 Eur1,784,013) are\namortised over the term of the franchise agreements in place with\nMcDonald\u2019s Corporation to operate the McDonald\u2019s brand\nin all markets. Generally, amortisation period is twenty\nyears.
\n\u00a0
\nComputer software for\nthe Group with a carrying amount of Eur1,110,045 (2024\n\u2013 Eur992,416 ) mainly relates to a new ERP system\ninvested into by the Romania segment to improve the business\noperations and obtain efficiencies in reporting.\u00a0 The\namortisation period is over five years.\u00a0
\n\u00a0
\nThe support services\nlicence owned by the Group and the Holding Company with a carrying\namount of Eur1,219,679 (2024 \u2013 Eur1,829,555) will be\nfully amortised within three years, and relates to the licence paid\nto McDonald\u2019s Corporation to operate the McDonald\u2019s\nbrand in the Baltic countries.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "Zsv0SGcXZm": { "value": "14.\u00a0\n\u00a0\u00a0 Property, plant and equipment
\n\u00a0
\n\n\n| \n \u00a0 \n | \n\n Land\nand \n | \n\n \u00a0\nImprovements\u00a0 \n | \n\n Motor \n | \n\n Plant\nand \n | \n\n Other \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n buildings \n | \n\n \u00a0 to\npremises\u00a0 \n | \n\n vehicles \n | \n\n equipment \n | \n\n equipment \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n Eur \n | \n\n \u00a0\nEur\u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0\n78,362,188 \n | \n\n \u00a0\n52,026,499 \n | \n\n \u00a0\n715,119 \n | \n\n \u00a0\n90,821,318 \n | \n\n \u00a0\n23,644,008 \n | \n\n \u00a0\n245,569,132 \n | \n
| \n Additions \n | \n\n \u00a08,473,358 \n | \n\n \u00a08,073,711 \n | \n\n - \n | \n\n \u00a0\n19,099,439 \n | \n\n \u00a03,336,752 \n | \n\n \u00a0\n38,983,260 \n | \n
| \n Disposals \n | \n\n \u00a0\n(996,122) \n | \n\n \u00a0\n(513,119) \n | \n\n \u00a0\n(155,575) \n | \n\n \u00a0\n(5,585,329) \n | \n\n \u00a0\n(778,713) \n | \n\n \u00a0\n(8,028,858) \n | \n
| \n Transfers \n | \n\n \u00a0\n302,510 \n | \n\n \u00a0\n(3,981,883) \n | \n\n \u00a0\n(87,126) \n | \n\n \u00a02,563,352 \n | \n\n \u00a01,203,147 \n | \n\n - \n | \n
| \n Exchange\ndifferences \n | \n\n 5,682 \n | \n\n 1,668 \n | \n\n 49 \n | \n\n 7,413 \n | \n\n 50 \n | \n\n \u00a014,862 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0\n86,147,616 \n | \n\n \u00a0\n55,606,876 \n | \n\n \u00a0\n472,467 \n | \n\n \u00a0\n106,906,193 \n | \n\n \u00a0\n27,405,244 \n | \n\n \u00a0\n276,538,396 \n | \n
| \n Additions \n | \n\n \u00a05,963,695 \n | \n\n \u00a09,353,288 \n | \n\n \u00a033,000 \n | \n\n \u00a0\n14,316,252 \n | \n\n \u00a02,836,832 \n | \n\n \u00a0\n32,503,067 \n | \n
| \n Disposals \n | \n\n \u00a0\n(648,223) \n | \n\n \u00a0\n(1,596,295) \n | \n\n \u00a0\n(221,388) \n | \n\n \u00a0\n(4,633,565) \n | \n\n \u00a0\n(1,528,722) \n | \n\n \u00a0\n(8,628,193) \n | \n
| \n Revaluation \n | \n\n \u00a0\n11,282,301 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n11,282,301 \n | \n
| \n Transfers \n | \n\n \u00a0\n225,390 \n | \n\n \u00a0\n(1,242,780) \n | \n\n - \n | \n\n \u00a0\n199,986 \n | \n\n \u00a0\n817,404 \n | \n\n - \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0\n(1,470,489) \n | \n\n \u00a0\n(455,216) \n | \n\n \u00a0(9,530) \n | \n\n \u00a0\n(1,873,691) \n | \n\n \u00a0\n(13,108) \n | \n\n \u00a0\n(3,822,034) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0\n101,500,290 \n | \n\n \u00a0\n61,665,873 \n | \n\n \u00a0\n274,549 \n | \n\n \u00a0\n114,915,175 \n | \n\n \u00a0\n29,517,650 \n | \n\n \u00a0\n307,873,537 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accumulated\ndepreciation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0\n29,047,062 \n | \n\n \u00a0\n17,432,216 \n | \n\n \u00a0\n571,252 \n | \n\n \u00a0\n43,031,825 \n | \n\n \u00a0\n15,347,584 \n | \n\n \u00a0\n105,429,939 \n | \n
| \n Charge for the\nyear \n | \n\n \u00a03,188,290 \n | \n\n \u00a03,198,301 \n | \n\n \u00a048,785 \n | \n\n \u00a09,631,483 \n | \n\n \u00a02,121,824 \n | \n\n \u00a0\n18,188,683 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0\n(364,838) \n | \n\n \u00a0\n(339,118) \n | \n\n \u00a0\n(147,642) \n | \n\n \u00a0\n(5,115,626) \n | \n\n \u00a0\n(605,630) \n | \n\n \u00a0\n(6,572,854) \n | \n
| \n Impairment \n | \n\n - \n | \n\n 24 \n | \n\n - \n | \n\n \u00a0\n425,718 \n | \n\n - \n | \n\n \u00a0\n425,742 \n | \n
| \n Reversal of\nimpairment \n | \n\n - \n | \n\n \u00a0(24) \n | \n\n - \n | \n\n \u00a0\n(352,598) \n | \n\n - \n | \n\n \u00a0\n(352,622) \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0675 \n | \n\n \u00a0234 \n | \n\n 49 \n | \n\n 3,241 \n | \n\n 37 \n | \n\n 4,236 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0\n31,871,189 \n | \n\n \u00a0\n20,291,633 \n | \n\n \u00a0\n472,444 \n | \n\n \u00a0\n47,624,043 \n | \n\n \u00a0\n16,863,815 \n | \n\n \u00a0\n117,123,124 \n | \n
| \n Charge for the\nyear \n | \n\n \u00a05,067,721 \n | \n\n \u00a02,347,141 \n | \n\n 5,968 \n | \n\n \u00a0\n10,523,635 \n | \n\n \u00a01,709,199 \n | \n\n \u00a0\n19,653,664 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0\n(236,811) \n | \n\n \u00a0\n(772,697) \n | \n\n \u00a0\n(221,388) \n | \n\n \u00a0\n(4,228,365) \n | \n\n \u00a0\n(1,488,974) \n | \n\n \u00a0\n(6,948,235) \n | \n
| \n Transfers \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n(26,703) \n | \n\n - \n | \n\n \u00a0\n(26,703) \n | \n
| \n Impairment \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n620,352 \n | \n\n - \n | \n\n \u00a0\n620,352 \n | \n
| \n Reversal of\nimpairment \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n(696,475) \n | \n\n - \n | \n\n \u00a0\n(696,475) \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0\n(118,223) \n | \n\n \u00a0\n(56,851) \n | \n\n \u00a0(9,548) \n | \n\n \u00a0\n(831,786) \n | \n\n \u00a0(8,869) \n | \n\n \u00a0\n(1,025,277) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0\n36,583,876 \n | \n\n \u00a0\n21,809,226 \n | \n\n \u00a0\n247,476 \n | \n\n \u00a0\n52,984,701 \n | \n\n \u00a0\n17,075,171 \n | \n\n \u00a0\n128,700,450 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2024 \n | \n\n \u00a0\n54,276,427 \n | \n\n \u00a0\n35,315,243 \n | \n\n 23 \n | \n\n \u00a0\n59,282,150 \n | \n\n \u00a0\n10,541,429 \n | \n\n \u00a0\n159,415,272 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0\n64,916,414 \n | \n\n \u00a0\n39,856,647 \n | \n\n \u00a027,073 \n | \n\n \u00a0\n61,930,474 \n | \n\n \u00a0\n12,442,479 \n | \n\n \u00a0\n179,173,087 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nNo interest has been\ncapitalised by the Group during 2025 and 2024.\u00a0 The\nGroup\u2019s property, plant and equipment with a carrying amount\nof Eur18.8m (2024 \u2013 Eur56m ) are held as\nsecurity in connection with bank borrowings.\u00a0
\n\u00a0
\nRevaluation on\nproperty, plant and equipment
\n\u00a0
\nAt 31 December 2025, the\ngroup performed revaluation assessments of all its land and\nbuildings.\u00a0 Romania reported a revaluation gain on land and\nbuildings of Eur11,282,301 which was recognised in other\ncomprehensive income.
\n\u00a0
\nImpairment losses\non property, plant and equipment
\n\u00a0
\nThe impairment losses on\nproperty, plant and equipment recognised within administrative\nexpenses in profit or loss during 2025 amounted to Eur620,352\n(2024 - Eur425,742).\u00a0 In addition, certain property, plant\nand equipment in Romania which were previously impaired, have been\nre-utilised during 2025.\u00a0 As a result, an impairment amount of\nEur696,475 (2024 - Eur352,622) was reversed and included\nwithin administrative expenses.\u00a0
\n\u00a0
\nHolding\nCompany
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Furniture, \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0fixtures \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Motor \n | \n\n \u00a0and\nother \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n vehicles \n | \n\n \u00a0equipment \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n200,888 \n | \n\n \u00a0\n200,888 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a013,236 \n | \n\n \u00a013,236 \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0(2,746) \n | \n\n \u00a0(2,746) \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n211,378 \n | \n\n \u00a0\n211,378 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a033,000 \n | \n\n \u00a019,827 \n | \n\n \u00a052,827 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a033,000 \n | \n\n \u00a0\n231,205 \n | \n\n \u00a0\n264,205 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Accumulated\ndepreciation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n178,600 \n | \n\n \u00a0\n178,600 \n | \n
| \n Charge for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a010,964 \n | \n\n \u00a010,964 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0(2,723) \n | \n\n \u00a0(2,723) \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n186,841 \n | \n\n \u00a0\n186,841 \n | \n
| \n Charge for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a04,400 \n | \n\n \u00a013,319 \n | \n\n \u00a017,719 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a04,400 \n | \n\n \u00a0\n200,160 \n | \n\n \u00a0\n204,560 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2024 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a024,537 \n | \n\n \u00a024,537 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a028,600 \n | \n\n \u00a031,045 \n | \n\n \u00a059,645 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
15.\u00a0\n\u00a0\u00a0 Right-of-use assets
\n\u00a0
\n\u00a0Group
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Motor \n | \n\n |
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Buildings \n | \n\n vehicles \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n |
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n182,574,670 \n | \n\n \u00a02,501,792 \n | \n\n \u00a0\n185,076,462 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0\n21,815,313 \n | \n\n \u00a01,152,601 \n | \n\n \u00a0\n22,967,914 \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n \u00a0\n(3,896,261) \n | \n\n \u00a0\n(164,480) \n | \n\n \u00a0\n(4,060,741) \n | \n
| \n Remeasurement \n | \n\n \u00a0 \n | \n\n \u00a02,119,831 \n | \n\n \u00a055,059 \n | \n\n \u00a02,174,890 \n | \n
| \n Transfers \n | \n\n \u00a0 \n | \n\n \u00a040,834 \n | \n\n \u00a0\n(40,834) \n | \n\n - \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n 7,987 \n | \n\n \u00a0158 \n | \n\n 8,145 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n202,662,374 \n | \n\n \u00a03,504,296 \n | \n\n \u00a0\n206,166,670 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0\n33,667,582 \n | \n\n \u00a0\n661,059 \n | \n\n \u00a0\n34,328,641 \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n \u00a0\n(2,755,682) \n | \n\n \u00a0\n(63,337) \n | \n\n \u00a0\n(2,819,019) \n | \n
| \n Remeasurement \n | \n\n \u00a0 \n | \n\n \u00a0\n277,897 \n | \n\n - \n | \n\n \u00a0\n277,897 \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0\n(2,112,314) \n | \n\n \u00a0\n(42,766) \n | \n\n \u00a0\n(2,155,080) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n231,739,857 \n | \n\n \u00a04,059,252 \n | \n\n \u00a0\n235,799,109 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortisation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n44,497,230 \n | \n\n \u00a0\n766,434 \n | \n\n \u00a0\n45,263,664 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a0\n13,333,888 \n | \n\n \u00a0\n531,140 \n | \n\n \u00a0\n13,865,028 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0 \n | \n\n \u00a0\n(2,730,444) \n | \n\n \u00a0\n(97,535) \n | \n\n \u00a0\n(2,827,979) \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n 2,032 \n | \n\n 28 \n | \n\n 2,060 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n55,102,706 \n | \n\n \u00a01,200,067 \n | \n\n \u00a0\n56,302,773 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a0\n14,815,980 \n | \n\n \u00a0\n933,988 \n | \n\n \u00a0\n15,749,968 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0 \n | \n\n \u00a0\n(819,049) \n | \n\n \u00a0\n(56,889) \n | \n\n \u00a0\n(875,938) \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0\n(560,350) \n | \n\n \u00a0\n(11,981) \n | \n\n \u00a0\n(572,331) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n68,539,287 \n | \n\n \u00a02,065,185 \n | \n\n \u00a0\n70,604,472 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2023 \n | \n\n \u00a0 \n | \n\n \u00a0\n147,559,668 \n | \n\n \u00a02,304,229 \n | \n\n \u00a0\n149,863,897 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n163,200,570 \n | \n\n \u00a01,994,067 \n | \n\n \u00a0\n165,194,637 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n |
\u00a0
\nHolding\nCompany
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Motor \n | \n\n |
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Buildings \n | \n\n vehicles \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n |
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n470,138 \n | \n\n \u00a051,942 \n | \n\n \u00a0\n522,080 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a033,101 \n | \n\n \u00a055,059 \n | \n\n \u00a088,160 \n | \n
| \n Remeasurement \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(33,160) \n | \n\n \u00a0\n(33,160) \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n503,239 \n | \n\n \u00a073,841 \n | \n\n \u00a0\n577,080 \n | \n
| \n Remeasurement \n | \n\n \u00a0 \n | \n\n \u00a070,322 \n | \n\n - \n | \n\n \u00a070,322 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n573,561 \n | \n\n \u00a073,841 \n | \n\n \u00a0\n647,402 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amortisation \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n \u00a0\n192,589 \n | \n\n \u00a029,805 \n | \n\n \u00a0\n222,394 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a050,545 \n | \n\n \u00a012,418 \n | \n\n \u00a062,963 \n | \n
| \n Released on\ndisposal \n | \n\n \u00a0 \n | \n\n - \n | \n\n \u00a0\n(17,934) \n | \n\n \u00a0\n(17,934) \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n243,134 \n | \n\n \u00a024,289 \n | \n\n \u00a0\n267,423 \n | \n
| \n Amortisation for the\nyear \n | \n\n \u00a0 \n | \n\n \u00a055,070 \n | \n\n \u00a011,016 \n | \n\n \u00a066,086 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n298,204 \n | \n\n \u00a035,305 \n | \n\n \u00a0\n333,509 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2023 \n | \n\n \u00a0 \n | \n\n \u00a0\n260,105 \n | \n\n \u00a049,552 \n | \n\n \u00a0\n309,657 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0\n275,357 \n | \n\n \u00a038,536 \n | \n\n \u00a0\n313,893 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n |
\u00a0
\n\u00a0
\nThe amortisation on\nright-of-use assets is included within cost of sales and\nadministrative expenses.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company have elected to disclose right-of-use assets\nseparately in these financial statements.\u00a0 The information\npertaining to the gross carrying amount, amortisation recognised\nduring the year and other movements in right-of-use assets is\nincluded in the above table.\u00a0 Information pertaining to lease\nliabilities and their corresponding maturities are disclosed\nseparately in note 25.\u00a0 Information about the accounting\npolicy for the measurement and recognition of leases is disclosed\nin note 2.\u00a0
\n\u00a0
\nThe weighted\naverage incremental borrowing rate applied\nto lease liabilities recognised under IFRS 16 was 3.93%.\n\u00a0 Additions to right-of-use assets during the current\nreporting period have been recognised using a rate between 4.50% and\n5.90% (2024 - 2.58% and 5.16%).\u00a0 The\nincremental borrowing rate will be re-assessed every time a new\nlease is entered into by the Group and Holding Company and the\ncorresponding right-of-use asset recognised.\u00a0 New leases are\nassessed on a case-by-case basis.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "F0Fd0o4uLg": { "value": "16.\u00a0\n\u00a0\u00a0 Deferred taxation
\n\u00a0
\n\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Recognised in\nother \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Opening \n | \n\n Recognised\nin \n | \n\n comprehensive \n | \n\n Closing \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n balance \n | \n\n profit and\nloss \n | \n\n income \n | \n\n \u00a0balance \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Deferred tax\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\non \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n property, plant and\nequipment \n | \n\n \u00a0 \n | \n\n \u00a01,418,704 \n | \n\n \u00a0\n376,795 \n | \n\n \u00a0- \n | \n\n \u00a01,795,499 \n | \n
| \n Other temporary\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0\n873,540 \n | \n\n \u00a0\n253,125 \n | \n\n \u00a0- \n | \n\n \u00a01,126,665 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a02,292,244 \n | \n\n \u00a0\n629,920 \n | \n\n \u00a0- \n | \n\n \u00a02,922,164 \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\non \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n property, plant and\nequipment \n | \n\n \u00a0 \n | \n\n \u00a01,795,499 \n | \n\n (577,350) \n | \n\n \u00a0- \n | \n\n \u00a01,218,149 \n | \n
| \n Other temporary\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a01,126,665 \n | \n\n \u00a0\n213,633 \n | \n\n \u00a0- \n | \n\n \u00a01,340,298 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a02,922,164 \n | \n\n (363,717) \n | \n\n \u00a0- \n | \n\n \u00a02,558,447 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Deferred tax\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\non \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- intangible\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n672,721 \n | \n\n (244,075) \n | \n\n \u00a0- \n | \n\n \u00a0\n428,646 \n | \n
| \n \u00a0- property, plant\nand equipment \n | \n\n \u00a0 \n | \n\n \u00a01,163,727 \n | \n\n \u00a0\n(1,163,727) \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a01,836,448 \n | \n\n \u00a0\n(1,407,802) \n | \n\n \u00a0- \n | \n\n \u00a0\n428,646 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\non \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0- intangible\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n428,646 \n | \n\n (249,959) \n | \n\n \u00a0- \n | \n\n \u00a0\n178,687 \n | \n
| \n \u00a0- property, plant\nand equipment \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n248,348 \n | \n\n \u00a01,593,855 \n | \n\n \u00a01,842,203 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n428,646 \n | \n\n \u00a0(1,611) \n | \n\n \u00a01,593,855 \n | \n\n \u00a02,020,890 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nDeferred tax assets have\nbeen recognised for all unused tax losses to the extent that it is\nprobable that taxable profits\nwill be available against which the losses can be\nutilised.\u00a0 The majority of the deferred tax asset arising on\nunutilised tax losses reverses when dividends are declared from the\nsubsidiaries.\u00a0 The aggregate amount of temporary differences\nassociated with investments in subsidiaries for which deferred tax\nliabilities have not been recognised amounts to Eur7,752,958\n(2024 \u2013 Eur9,411,390 ).\u00a0
\n\u00a0
\nHolding\nCompany
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Opening \n | \n\n Recognised\nin \n | \n\n Closing \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n balance \n | \n\n profit and\nloss \n | \n\n \u00a0balance \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n Deferred tax\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\non \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n intangible\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n672,721 \n | \n\n (244,075) \n | \n\n \u00a0\n428,646 \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Arising\non: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Temporary differences\non \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n intangible\nassets \n | \n\n \u00a0 \n | \n\n \u00a0\n428,646 \n | \n\n (249,959) \n | \n\n \u00a0\n178,687 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
17.\u00a0\n\u00a0\u00a0 Non-financial assets
\n\u00a0
\nInvestments in\nsubsidiaries
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Investments \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n in\nsubsidiaries \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n
| \n Cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\u00a0 31.12.2024 /\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n78,205,712 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nDetails\nof the share capital, reserves and profit for the\nyear for the Holding Company\u2019s direct subsidiaries are as\nfollows:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0Share\ncapital \n | \n\n \u00a0Profit for\nthe \n | \n\n \u00a0 \n | \n\n \u00a0Share\ncapital \n | \n\n \u00a0Profit for\nthe \n | \n
| \n Name of\nsubsidiary \n | \n\n \u00a0and\nreserves \n | \n\n \u00a0year \n | \n\n \u00a0 \n | \n\n \u00a0and\nreserves \n | \n\n \u00a0year \n | \n
| \n \u00a0 \n | \n\n \u00a02025 \n | \n\n \u00a02025 \n | \n\n \u00a0 \n | \n\n \u00a02024 \n | \n\n \u00a02024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n AS Premier Restaurants\nEesti \n | \n\n \u00a05,658,307 \n | \n\n \u00a02,579,433 \n | \n\n \u00a0 \n | \n\n \u00a07,318,649 \n | \n\n \u00a04,239,775 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Capital Hellas\nS.A. \n | \n\n \u00a08,055,652 \n | \n\n \u00a0\n259,336 \n | \n\n \u00a0 \n | \n\n \u00a07,796,312 \n | \n\n \u00a01,617,017 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Restaurants\nMalta Limited \n | \n\n \u00a05,404,848 \n | \n\n \u00a03,062,647 \n | \n\n \u00a0 \n | \n\n \u00a03,342,199 \n | \n\n \u00a03,125,829 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Restaurants\nRomania SRL \n | \n\n \u00a0\n67,739,878 \n | \n\n \u00a0\n32,631,184 \n | \n\n \u00a0 \n | \n\n \u00a0\n69,876,680 \n | \n\n \u00a0\n36,265,096 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Restaurants,\nUAB \n | \n\n \u00a0\n10,740,846 \n | \n\n \u00a06,280,698 \n | \n\n \u00a0 \n | \n\n \u00a0\n11,506,256 \n | \n\n \u00a07,046,108 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \"Premier Restaurants\nLatvia\" SIA \n | \n\n \u00a09,410,815 \n | \n\n \u00a05,173,525 \n | \n\n \u00a0 \n | \n\n \u00a09,438,905 \n | \n\n \u00a05,201,615 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Details of the\nholding company\u2019s subsidiaries at 31 December 2025 and 2024\nare as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Proportion of\nownership interests and voting rights held by owners of the holding\ncompany \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||
| \n Name of\nsubsidiary \n | \n\n Registered\naddress \n | \n\n Holding \n | \n\n Principal\nactivity \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n % \n | \n\n % \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n AS Premier Restaurants\nEesti \n | \n\n Tartu mnt 13, Kesklinna\ndistrict, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n Tallinn city, Harju\ncounty, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Operates\nMcDonald's \n | \n
| \n \u00a0 \n | \n\n \u00a010145,\nEstonia \n | \n\n 100 \n | \n\n 100 \n | \n\n Direct \n | \n\n restaurants in\nEstonia \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Capital Hellas\nS.A. \n | \n\n 9 Kleisouras\nStreet \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 144 52 Metamorfosi,\nAthens \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Operates\nMcDonald's \n | \n
| \n \u00a0 \n | \n\n Greece \n | \n\n 100 \n | \n\n 100 \n | \n\n Direct \n | \n\n restaurants in\nGreece \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Restaurants\nMalta Limited \n | \n\n Nineteen Twenty\nThree, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Operates\nMcDonald\u2019s \n | \n
| \n \u00a0 \n | \n\n Valletta Road, Marsa,\nMalta \n | \n\n 100 \n | \n\n 100 \n | \n\n Direct \n | \n\n restaurants in\nMalta \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Restaurants,\nUAB \n | \n\n Tilto g. 1,\nVilnius \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Operates\nMcDonald's \n | \n
| \n \u00a0 \n | \n\n LT-01101,\nLithuania \n | \n\n 100 \n | \n\n 100 \n | \n\n Direct \n | \n\n restaurants in\nLithuania \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \"Premier Restaurants\nLatvia\" SIA \n | \n\n 6, Duntes Street,\nRiga \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Operates\nMcDonald's \n | \n
| \n \u00a0 \n | \n\n LV-1013,\nLatvia \n | \n\n 100 \n | \n\n 100 \n | \n\n Direct \n | \n\n restaurants in\nLatvia \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Premier Restaurants\nRomania SRL \n | \n\n 4-8 Nicolae\nTitulescu\u00a0 Avenue, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0America House\nBuilding, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n West Wing, 5th\nFloor, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Operates\nMcDonald's \n | \n
| \n \u00a0 \n | \n\n 011141 Bucharest,\nRomania \n | \n\n 100 \n | \n\n 100 \n | \n\n Direct \n | \n\n restaurants in\nRomania \n | \n
18.\u00a0\n\u00a0\u00a0 Financial assets
\n\u00a0
\n(a) \u00a0\u00a0 Financial assets at fair value through other comprehensive\nincome
\n\u00a0
\nGroup
Group financial\nassets
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Local\nlisted \n | \n\n \u00a0Local\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0debt \n | \n\n \u00a0equity \n | \n\n \u00a0debt \n | \n\n \u00a0equity \n | \n\n \u00a0derivative \n | \n\n \u00a0money\nmarket \n | \n\n \u00a0 \n | \n\n \u00a0Other \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0Subtotal \n | \n\n \u00a0instruments \n | \n\n \u00a0Total \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Fair\nvalue \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n 680,812 \n | \n\n 359,851 \n | \n\n \u00a0\n5,991,672 \n | \n\n 10,809,156 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 17,841,491 \n | \n\n \u00a0\n68,760 \n | \n\n 17,910,251 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n4,096,965 \n | \n\n 13,832,157 \n | \n\n \u00a0\n67,628 \n | \n\n \u00a0\n2,462,426 \n | \n\n 20,459,176 \n | \n\n \u00a0\n(20,459,176) \n | \n\n \u00a0- \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n (50,000) \n | \n\n \u00a0- \n | \n\n \u00a0(5,842,508) \n | \n\n \u00a0\n(11,281,469) \n | \n\n \u00a0- \n | \n\n \u00a0(2,459,163) \n | \n\n \u00a0(19,633,140) \n | \n\n 19,583,140 \n | \n\n (50,000) \n | \n
| \n Increase / (decrease) in\nfair value \n | \n\n \u00a0\n12,513 \n | \n\n (17,355) \n | \n\n \u00a09,324 \n | \n\n 462,560 \n | \n\n \u00a05,648 \n | \n\n \u00a0- \n | \n\n \u00a0\n472,690 \n | \n\n \u00a0- \n | \n\n \u00a0\n472,690 \n | \n|
| \n Reversal in fair\nvalue \n | \n\n \u00a0 \n | \n\n (125) \n | \n\n \u00a0- \n | \n\n \u00a0(149,096) \n | \n\n \u00a0(345,019) \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n (494,240) \n | \n\n \u00a0- \n | \n\n (494,240) \n | \n
| \n Other\nmovements \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 341,863 \n | \n\n 115,851 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n457,714 \n | \n\n 823,485 \n | \n\n \u00a0\n1,281,199 \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 209,025 \n | \n\n (123) \n | \n\n (3,263) \n | \n\n \u00a0\n205,639 \n | \n\n (26,431) \n | \n\n \u00a0\n179,208 \n | \n
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n 643,200 \n | \n\n 342,496 \n | \n\n \u00a0\n4,448,220 \n | \n\n 13,802,261 \n | \n\n \u00a0\n73,153 \n | \n\n \u00a0- \n | \n\n 19,309,330 \n | \n\n (10,222) \n | \n\n 19,299,108 \n | \n
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n9,021,251 \n | \n\n 24,207,738 \n | \n\n \u00a0\n83,312 \n | \n\n \u00a0- \n | \n\n 33,312,301 \n | \n\n \u00a0\n(32,512,301) \n | \n\n \u00a0\n800,000 \n | \n
| \n Disposals \n | \n\n \u00a0 \n | \n\n \u00a0(644,011) \n | \n\n \u00a0(183,835) \n | \n\n \u00a0(8,305,408) \n | \n\n \u00a0\n(23,639,866) \n | \n\n (50,214) \n | \n\n \u00a0- \n | \n\n \u00a0(32,823,334) \n | \n\n 32,042,488 \n | \n\n (780,846) \n | \n
| \n Increase / (decrease) in\nfair value \n | \n\n (3,178) \n | \n\n (31,285) \n | \n\n 249,196 \n | \n\n 836,642 \n | \n\n \u00a0(118,521) \n | \n\n \u00a0- \n | \n\n \u00a0\n932,854 \n | \n\n \u00a0- \n | \n\n \u00a0\n932,854 \n | \n|
| \n Reversal in fair\nvalue \n | \n\n \u00a0 \n | \n\n \u00a03,985 \n | \n\n (2,939) \n | \n\n \u00a0(110,306) \n | \n\n \u00a0(462,342) \n | \n\n 113,153 \n | \n\n \u00a0- \n | \n\n (458,449) \n | \n\n \u00a0- \n | \n\n (458,449) \n | \n
| \n Other\nmovements \n | \n\n \u00a0 \n | \n\n 4 \n | \n\n (11,727) \n | \n\n 280,531 \n | \n\n 275,322 \n | \n\n \u00a0(101,183) \n | \n\n \u00a0- \n | \n\n \u00a0\n442,947 \n | \n\n 467,449 \n | \n\n \u00a0\n910,396 \n | \n
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n (16,307) \n | \n\n \u00a0(269,942) \n | \n\n \u00a0300 \n | \n\n \u00a0- \n | \n\n (285,949) \n | \n\n \u00a0\n95,168 \n | \n\n (190,781) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n112,710 \n | \n\n \u00a0\n5,567,177 \n | \n\n 14,749,813 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 20,429,700 \n | \n\n \u00a0\n82,582 \n | \n\n 20,512,282 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Local\nlisted \n | \n\n \u00a0Local\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0Foreign\nlisted \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0debt \n | \n\n \u00a0equity \n | \n\n \u00a0debt \n | \n\n \u00a0equity \n | \n\n \u00a0derivative \n | \n\n \u00a0money\nmarket \n | \n\n \u00a0 \n | \n\n \u00a0Other \n | \n\n \u00a0 \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0instruments \n | \n\n \u00a0Subtotal \n | \n\n \u00a0instruments \n | \n\n \u00a0Total \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n|
| \n Fair\nvalue \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n At 01.01.2024 \n | \n\n \u00a0 \n | \n\n 680,812 \n | \n\n 359,851 \n | \n\n \u00a0\n5,991,672 \n | \n\n \u00a0\n9,652,895 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 16,685,230 \n | \n\n \u00a0\n68,760 \n | \n\n 16,753,990 \n | \n|
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n4,096,965 \n | \n\n 13,832,157 \n | \n\n \u00a0\n67,628 \n | \n\n \u00a0\n2,462,426 \n | \n\n 20,459,176 \n | \n\n \u00a0\n(20,459,176) \n | \n\n \u00a0- \n | \n|
| \n Disposals \n | \n\n \u00a0 \n | \n\n (50,000) \n | \n\n \u00a0- \n | \n\n \u00a0(5,842,508) \n | \n\n \u00a0\n(11,281,469) \n | \n\n \u00a0- \n | \n\n \u00a0(2,459,163) \n | \n\n \u00a0(19,633,140) \n | \n\n 19,583,140 \n | \n\n (50,000) \n | \n|
| \n Increase / (decrease) in\nfair value \n | \n\n \u00a0\n12,513 \n | \n\n (17,355) \n | \n\n \u00a09,324 \n | \n\n 501,385 \n | \n\n \u00a05,648 \n | \n\n \u00a0- \n | \n\n \u00a0\n511,515 \n | \n\n \u00a0- \n | \n\n \u00a0\n511,515 \n | \n||
| \n Reversal in fair\nvalue \n | \n\n \u00a0 \n | \n\n (125) \n | \n\n \u00a0- \n | \n\n \u00a0(149,096) \n | \n\n \u00a0(345,019) \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n (494,240) \n | \n\n \u00a0- \n | \n\n (494,240) \n | \n|
| \n Other\nmovements \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 341,863 \n | \n\n 115,851 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n457,714 \n | \n\n 823,485 \n | \n\n \u00a0\n1,281,199 \n | \n|
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 208,931 \n | \n\n (123) \n | \n\n (3,263) \n | \n\n \u00a0\n205,545 \n | \n\n (26,431) \n | \n\n \u00a0\n179,114 \n | \n|
| \n At 01.01.2025 \n | \n\n \u00a0 \n | \n\n 643,200 \n | \n\n 342,496 \n | \n\n \u00a0\n4,448,220 \n | \n\n 12,684,731 \n | \n\n \u00a0\n73,153 \n | \n\n \u00a0- \n | \n\n 18,191,800 \n | \n\n (10,222) \n | \n\n 18,181,578 \n | \n|
| \n Additions \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n9,021,251 \n | \n\n 24,207,738 \n | \n\n \u00a0\n83,312 \n | \n\n \u00a0- \n | \n\n 33,312,301 \n | \n\n \u00a0\n(32,512,301) \n | \n\n \u00a0\n800,000 \n | \n|
| \n Disposals \n | \n\n \u00a0 \n | \n\n \u00a0(644,011) \n | \n\n \u00a0(183,835) \n | \n\n \u00a0(8,305,408) \n | \n\n \u00a0\n(23,639,866) \n | \n\n (50,214) \n | \n\n \u00a0- \n | \n\n \u00a0(32,823,334) \n | \n\n 32,042,488 \n | \n\n (780,846) \n | \n|
| \n Increase / (decrease) in\nfair value \n | \n\n (3,178) \n | \n\n (31,285) \n | \n\n 249,196 \n | \n\n 832,164 \n | \n\n \u00a0(118,521) \n | \n\n \u00a0- \n | \n\n \u00a0\n928,376 \n | \n\n \u00a0- \n | \n\n \u00a0\n928,376 \n | \n||
| \n Reversal in fair\nvalue \n | \n\n \u00a0 \n | \n\n \u00a03,985 \n | \n\n (2,939) \n | \n\n \u00a0(110,306) \n | \n\n \u00a0(462,342) \n | \n\n 113,153 \n | \n\n \u00a0- \n | \n\n (458,449) \n | \n\n \u00a0- \n | \n\n (458,449) \n | \n|
| \n Other\nmovements \n | \n\n \u00a0 \n | \n\n 4 \n | \n\n (11,727) \n | \n\n 280,531 \n | \n\n 275,322 \n | \n\n \u00a0(101,183) \n | \n\n \u00a0- \n | \n\n \u00a0\n442,947 \n | \n\n 467,449 \n | \n\n \u00a0\n910,396 \n | \n|
| \n Exchange\ndifferences \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n (16,307) \n | \n\n \u00a0(242,604) \n | \n\n \u00a0300 \n | \n\n \u00a0- \n | \n\n (258,611) \n | \n\n \u00a0\n95,168 \n | \n\n (163,443) \n | \n|
| \n At\n31.12.2025 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n112,710 \n | \n\n \u00a0\n5,567,177 \n | \n\n 13,655,143 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 19,335,030 \n | \n\n \u00a0\n82,582 \n | \n\n 19,417,612 \n | \n|
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n |
The carrying amount of\nfinancial assets amounting to Eur112,710 (2024 \u2013\nEur985,696 ) represents investments amounting to\nEur Nil (2024 \u2013 Eur643,200), in 4% - 5.5% local-listed\ncorporate bonds and investments amounting to Eur112,710 (2024 -\nEur342,496) in local-listed equity instruments.\u00a0 Decrease\nin fair value recognised through other comprehensive income as at\n31 December 2025 amounted to Eur34,463 (2024 \u2013\nEur4,842 ).
\n\u00a0
\nThe Group and Holding\nCompany hold a portfolio of foreign-listed instruments which at the\nend of the reporting period amounted to Eur20,316,990 (2024\n- Eur18,250,481 ) and Eur19,222,320 (2024 \u2013\nEur17,132,951 ) respectively.\u00a0 This represents\ninvestments of Eur5,567,177 (2024 - Eur4,448,220) in 0% -\n8.5% ( 2024 - 0% - 7.875%) foreign-listed bonds for the\nGroup and Holding Company and Eur14,749,813 (2024 -\nEur13,802,261) for the Group and Eur13,655,143 (2024 -\nEur12,684,731) for the Holding Company in\nforeign-listed equity instruments.\u00a0
\n\u00a0
\nDuring the year, various\ndisposals of foreign-listed instruments held on portfolio amounting\nto Eur32,042,488 (2024 - Eur19,583,140 ) were\nutilised to acquire foreign-listed financial instruments\namounting to Eur32,512,301 (2024 \u2013\nEur20,459,176 ).\u00a0 At the end of the reporting period,\nliquidity balance amounted to \u00a0Eur82,582\u00a0 (2024\n-\u00a0 Eur(10,222)).\u00a0 Investment income earned on\nportfolio amounted to\u00a0 Eur524,194 (2024 -\nEur908,655 ) and fees charged amount to \u00a0Eur56,745\n(2024 - Eur85,170).
\n\u00a0
\nAs at 31 December 2025,\nthe Group recognised an increase in fair value through other\ncomprehensive income of Eur967,317 (2024 \u2013\nEur477,532 ).\u00a0 Exchange differences arising on\ntranslation of foreign investments also recognised through other\ncomprehensive income amounted to Eur(190,781) (2024 \u2013\nEur179,208).\u00a0
\n\u00a0
\nAs at 31 December 2025,\nthe Holding Company recognised an increase in fair value through\nother comprehensive income of Eur962,839 (2024 \u2013\nEur516,357).\u00a0 Exchange differences arising on translation\nof foreign investments also recognised through other comprehensive\nincome amounted to Eur(163,443) (2024 \u2013\nEur179,114).
\n\u00a0
\nBoth the Group and the\nHolding Company recognised reversal of fair value through other\ncomprehensive income on disposal of investments amounted to\nEur458,449 (2024 \u2013 Eur494,240), out of which\n\u00a0Eur(100,877) (2024 - Eur 507,410) was transferred to\nretained earnings.
\n\u00a0
\n(b) \u00a0\u00a0 Other\nfinancial assets
\n\u00a0
\nIn 2024, derivative\nfinancial instruments amounting to Eur116,009 comprised of\ninterest rate swap whereby a subsidiary of the Group (Premier\nRestaurants Romania SRL) entered into a contract to swap the\nfloating rate on bank borrowings (note 24) to a fixed rate.\u00a0\nThe interest rate swap was stated at fair value and classified as\nfinancial assets at FVTPL.\u00a0 The amount of\nEur116,009 \u00a0\nwas classified with non-current\nassets.\u00a0
\n\nThe interest rate swap\nmatured on 03 July 2025.\u00a0 The notional principal amount of the\noutstanding interest rate swap at the end of the 31 December 2024\namounted to Eur3,040,751 and the fixed interest rate\namounted to 2.55% with the floating rate being three-month\nROBOR and settlement on a quarterly basis.\u00a0 The subsidiary\nsettled the difference between the fixed and floating interest\nrates on a net basis.\u00a0
\n\u00a0
\n(c) \u00a0\u00a0\u00a0 Loans and receivables
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n|||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Loans\nto \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Loans\nto \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n ultimate \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Loan\nto\u00a0 \n | \n\n ultimate \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0parent \n | \n\n Total \n | \n\n \u00a0 \n | \n\n subsidiaries \n | \n\n \u00a0parent \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n
| \n Amortised\ncost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 01.01.2024 \n | \n\n \u00a018,415,745 \n | \n\n \u00a018,415,745 \n | \n\n \u00a0 \n | \n\n \u00a075,891 \n | \n\n \u00a0\n18,415,745 \n | \n\n 18,491,636 \n | \n
| \n Increase \n | \n\n \u00a0826,299 \n | \n\n \u00a0826,299 \n | \n\n \u00a0 \n | \n\n \u00a0\n22,146,042 \n | \n\n \u00a0\n826,299 \n | \n\n 22,972,341 \n | \n
| \n Repayments \n | \n\n \u00a0\n(826,490) \n | \n\n \u00a0\n(826,490) \n | \n\n \u00a0 \n | \n\n (20,129,928) \n | \n\n (826,490) \n | \n\n \u00a0(20,956,418) \n | \n
| \n At 01.01.2025 \n | \n\n \u00a018,415,554 \n | \n\n \u00a018,415,554 \n | \n\n \u00a0 \n | \n\n \u00a02,092,005 \n | \n\n \u00a0\n18,415,554 \n | \n\n 20,507,559 \n | \n
| \n Increase \n | \n\n \u00a038,325,567 \n | \n\n \u00a038,325,567 \n | \n\n \u00a0 \n | \n\n \u00a0\n20,487,955 \n | \n\n \u00a0\n38,325,567 \n | \n\n 58,813,522 \n | \n
| \n Set off of\nbalances \n | \n\n - \n | \n\n - \n | \n\n \u00a0 \n | \n\n \u00a0\n(7,941,584) \n | \n\n \u00a0- \n | \n\n (7,941,584) \n | \n
| \n Repayments \n | \n\n \u00a0\n(38,325,375) \n | \n\n \u00a0\n(38,325,375) \n | \n\n \u00a0 \n | \n\n (11,412,440) \n | \n\n (38,325,375) \n | \n\n \u00a0(49,737,815) \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a018,415,746 \n | \n\n \u00a018,415,746 \n | \n\n \u00a0 \n | \n\n \u00a03,225,936 \n | \n\n \u00a0\n18,415,746 \n | \n\n 21,641,682 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Carrying\namount \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31.12.2024 \n | \n\n \u00a018,415,554 \n | \n\n \u00a018,415,554 \n | \n\n \u00a0 \n | \n\n \u00a02,092,005 \n | \n\n \u00a0\n18,415,554 \n | \n\n 20,507,559 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Less: Amount\nexpected \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n to be settled\nwithin \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 12 months\n(shown \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n under current\nassets) \n | \n\n \u00a0(69,924) \n | \n\n \u00a0(69,924) \n | \n\n \u00a0 \n | \n\n \u00a0\n(92,005) \n | \n\n \u00a0\n(69,924) \n | \n\n \u00a0(161,929) \n | \n
| \n Amount expected to\nbe \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n settled after 12\nmonths \n | \n\n \u00a018,345,630 \n | \n\n \u00a018,345,630 \n | \n\n \u00a0 \n | \n\n \u00a02,000,000 \n | \n\n \u00a0\n18,345,630 \n | \n\n 20,345,630 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At\n31.12.2025 \n | \n\n \u00a018,415,746 \n | \n\n \u00a018,415,746 \n | \n\n \u00a0 \n | \n\n \u00a03,225,936 \n | \n\n \u00a0\n18,415,746 \n | \n\n 21,641,682 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Less: Amount\nexpected \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n to be settled within\n12 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n months (shown\nunder \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n current\nassets) \n | \n\n \u00a0\n(18,415,746) \n | \n\n \u00a0\n(18,415,746) \n | \n\n \u00a0 \n | \n\n (225,936) \n | \n\n (18,415,746) \n | \n\n \u00a0(18,641,682) \n | \n
| \n Amount expected to\nbe \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n settled after 12\nmonths \n | \n\n - \n | \n\n - \n | \n\n \u00a0 \n | \n\n \u00a03,000,000 \n | \n\n \u00a0- \n | \n\n \u00a0\n3,000,000 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nLoans to\nsubsidiaries - Holding Company
\n\u00a0
\nLoans to subsidiaries\namounting to Eur3,225,936 (2024 \u2013 Eur2,092,005) are\ninterest free and repayable on demand.\u00a0 Eur225,936 (2024\n\u2013 Eur92,005) are expected to be settled within 12 months\nfrom the end of the reporting period.\u00a0 All the loans to\nsubsidiaries are unsecured.\u00a0
\n\u00a0
\nThe increase of\nEur20,487,955 (2024 \u2013 Eur22,146,042) includes\ndividends receivable (net of tax) from subsidiaries of\nEur16,487,497 (2024 \u2013 Eur18,591,107 ).\u00a0\nDuring 2025, dividend receivable from subsidiaries amounting to\nEur60,694,868 (2024 \u2013 Eur64,315,754) (note 6), out of\nwhich Eur52,214,822 (net of tax) (2024 -\nEur62,700,369 (net of tax)) were settled during the\nyear.
\n\u00a0
\nIn 2025, the Holding\nCompany set off short term loan balances due to subsidiaries of\nEur7,941,584 against receivables from the same\nsubsidiaries.
\n\u00a0
\nLoans to ultimate\nparent
\n\u00a0
\nGroup\nand Holding Company
\n\u00a0
\nAll loans to\nultimate parent are\nunsecured.\u00a0 Loans amounting to Eur18,345,630 (2024\n\u2013 Eur18,345,630) bear interest at the rate of\n4.5% per annum, whereas receivables amounting to\nEur70,116 (2024 \u2013 Eur69,924 ) are interest\nfree.\u00a0 Loans and receivables amounting to Eur18,415,746\n(2024 \u2013 Eur69,924 are expected to be settled within 12\nmonths from the end of the reporting period, whilst EurNIL\n(2024 \u2013 Eur18,345,630) are repayable after more than\n12 months.\u00a0 During 2025, the increase of Eur38,325,567\nincludes short term loan advances of Eur37,500,000 to\nultimate parent that were converted into dividends by the end of\nthe reporting period .
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "PI14a0_lx_": { "value": "19.\u00a0\n\u00a0\u00a0 Prepayments
\n\u00a0
\nThese relate mainly\nto guarantee deposits made by the Holding Company and the Group\u2019s\nsubsidiaries.\u00a0 As at the end of the reporting period, the\nGroup long term prepayments amount to Eur2,647,942\u00a0 ( 2024\n\u2013 Eu r2,579,753 )\nafter having recorded such prepayments within a\ntwelve month period of Eur334,968\n(2024 \u2013 Eur328,718) as current\nassets.\u00a0 The Holding Company long term prepayments amount to\nEur820,732 (2024 \u2013 Eur810,232 ), none of which\nhas been recorded within a twelve month period.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "SDbmBhKHx9": { "value": "20.\u00a0\n\u00a0\u00a0 Inventories
\n\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Group \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Raw materials and\nconsumables \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n12,519,776 \n | \n\n \u00a0\n10,717,486 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe amount of\ninventories recognised as an expense during the year amounted to\nEur259,614,108 (2024 \u2013 Eur229,088,183\n).\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "PRYUSJObe4": { "value": "21.\u00a0\n\u00a0\u00a0 Trade and other receivables
\n\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade\nreceivables \n | \n\n \u00a02,633,802 \n | \n\n \u00a02,357,623 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Other\nreceivables \n | \n\n \u00a03,496,942 \n | \n\n \u00a05,185,992 \n | \n\n \u00a0 \n | \n\n \u00a0\n122,141 \n | \n\n \u00a0\n120,038 \n | \n
| \n Amounts due from\nultimate parent \n | \n\n \u00a01,091 \n | \n\n \u00a03,129 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Amounts due from related\nparties \n | \n\n \u00a019,142 \n | \n\n \u00a014,453 \n | \n\n \u00a0 \n | \n\n \u00a05,379 \n | \n\n \u00a0- \n | \n
| \n Prepayments and accrued\nincome \n | \n\n \u00a04,233,597 \n | \n\n \u00a04,366,920 \n | \n\n \u00a0 \n | \n\n \u00a0\n202,666 \n | \n\n \u00a0\n228,158 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n10,384,574 \n | \n\n \u00a0\n11,928,117 \n | \n\n \u00a0 \n | \n\n \u00a0\n330,186 \n | \n\n \u00a0\n348,196 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nNo interest is charged\non trade and other receivables.\u00a0 The Group\u2019s amounts due\nfrom related parties and the Holding Company\u2019s amounts due\nfrom subsidiaries are unsecured, interest-free and are repayable on\ndemand.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "JuOKdIDk3Y": { "value": "22.\u00a0\n\u00a0\u00a0 Trade and other payables
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade\npayables \n | \n\n \u00a0\n26,910,002 \n | \n\n \u00a0\n34,838,293 \n | \n\n \u00a0 \n | \n\n \u00a0\n947,982 \n | \n\n \u00a0\n361,152 \n | \n
| \n Other\npayables \n | \n\n \u00a08,827,528 \n | \n\n \u00a08,952,742 \n | \n\n \u00a0 \n | \n\n \u00a070,671 \n | \n\n \u00a058,839 \n | \n
| \n Social security\nliabilities \n | \n\n \u00a06,221,047 \n | \n\n \u00a06,319,065 \n | \n\n \u00a0 \n | \n\n \u00a033,626 \n | \n\n \u00a023,592 \n | \n
| \n VAT and other\nliabilities \n | \n\n \u00a07,923,981 \n | \n\n \u00a05,609,148 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n Accruals and deferred\nincome \n | \n\n \u00a0\n28,753,078 \n | \n\n \u00a0\n27,119,288 \n | \n\n \u00a0 \n | \n\n \u00a01,178,006 \n | \n\n \u00a0\n715,566 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n78,635,636 \n | \n\n \u00a0\n82,838,536 \n | \n\n \u00a0 \n | \n\n \u00a02,230,285 \n | \n\n \u00a01,159,149 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nNo interest is\ncharged on trade and other\npayables.\u00a0 The carrying amount of trade and other payables is\nconsidered a reasonable approximation of fair\nvalue.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "rDKTFq0ta7": { "value": "23.\u00a0\n\u00a0\u00a0 Other financial liabilities
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a037,248 \n | \n\n \u00a019,592 \n | \n\n \u00a0 \n | \n\n \u00a036,824 \n | \n\n \u00a019,592 \n | \n
| \n Amounts due to other\nrelated parties \n | \n\n \u00a0\n265,688 \n | \n\n \u00a0\n239,698 \n | \n\n \u00a0 \n | \n\n \u00a02,120 \n | \n\n \u00a01,771 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0 \n | \n\n \u00a03,915,058 \n | \n\n \u00a0\n11,399,988 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n302,936 \n | \n\n \u00a0\n259,290 \n | \n\n \u00a0 \n | \n\n \u00a03,954,002 \n | \n\n \u00a0\n11,421,351 \n | \n
| \n Less: Amount due\nfor \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n settlement within 12\nmonths \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n (shown under current\nliabilities) \n | \n\n (302,936) \n | \n\n (259,290) \n | \n\n \u00a0 \n | \n\n \u00a0\n(3,954,002) \n | \n\n (11,421,351) \n | \n
| \n Amount due for\nsettlement after 12 months \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Other financial\nliabilities are repayable as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n On demand or within one\nyear \n | \n\n \u00a0\n302,936 \n | \n\n \u00a0\n259,290 \n | \n\n \u00a0 \n | \n\n \u00a03,954,002 \n | \n\n \u00a0\n11,421,351 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n302,936 \n | \n\n \u00a0\n259,290 \n | \n\n \u00a0 \n | \n\n \u00a03,954,002 \n | \n\n \u00a0\n11,421,351 \n | \n
| \n Less: Amount due\nfor \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n settlement within 12\nmonths \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n (shown under current\nliabilities) \n | \n\n (302,936) \n | \n\n (259,290) \n | \n\n \u00a0 \n | \n\n \u00a0\n(3,954,002) \n | \n\n (11,421,351) \n | \n
| \n Amount due for\nsettlement after 12 months \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
The Group\u2019s\namounts due to ultimate parent and to other related parties are\nunsecured, interest free and repayable on demand.\u00a0
\n\u00a0
\nThe Holding\nCompany\u2019s amounts due to subsidiaries amounting to\nEur3,250,000 (2024 - Eur9,610,058 ) bear interest at\nthe rate of 4.5% per annum and are expected to be settled\nwithin twelve months.\u00a0 The remaining balance of amounts owed\nto subsidiaries amounting to Eur704,002 (2024\u2013\nEur1,789,930) are interest free and repayable on\ndemand.\u00a0 All the amounts owed to subsidiaries are\nunsecured.
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "FrKBca.gRE": { "value": "24.\u00a0\n\u00a0\u00a0 Bank borrowings
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n|||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Bank\noverdrafts \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 3,702,618 \n | \n\n \u00a01,843,671 \n | \n\n \u00a0 \n | \n\n \u00a03,702,618 \n | \n\n \u00a01,843,671 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a036,107,763 \n | \n\n \u00a0\n37,528,796 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a039,810,381 \n | \n\n \u00a0\n39,372,467 \n | \n\n \u00a0 \n | \n\n \u00a03,702,618 \n | \n\n \u00a01,843,671 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Bank borrowings are\nrepayable as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n|||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n On demand or within one\nyear \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a010,613,016 \n | \n\n \u00a0\n14,854,703 \n | \n\n \u00a0 \n | \n\n \u00a03,702,618 \n | \n\n \u00a01,843,671 \n | \n
| \n In the second\nyear \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 8,842,065 \n | \n\n \u00a06,910,398 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n In the third\nyear \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 9,485,953 \n | \n\n \u00a06,910,398 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n In the fourth\nyear \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 5,538,585 \n | \n\n \u00a06,910,398 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n In the fifth\nyear \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 3,399,096 \n | \n\n \u00a02,963,030 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n After five\nyears \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 1,931,666 \n | \n\n \u00a0\n823,540 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a039,810,381 \n | \n\n \u00a0\n39,372,467 \n | \n\n \u00a0 \n | \n\n \u00a03,702,618 \n | \n\n \u00a01,843,671 \n | \n
| \n Less:\u00a0 amount due\nfor settlement \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n within 12 months (shown\nunder \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n current\nliabilities) \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n(10,613,016) \n | \n\n (14,854,703) \n | \n\n \u00a0 \n | \n\n \u00a0\n(3,702,618) \n | \n\n \u00a0\n(1,843,671) \n | \n
| \n Amounts due for\nsettlement \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n after 12\nmonths \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a029,197,365 \n | \n\n \u00a0\n24,517,764 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nAs at 31 December 2025,\nthe Group has been granted bank facilities in Romania amounting to\nEur28,695,263 (2024 \u2013 Eur28,469,056) and in Greece\namounting to Eur7,412,500 (2024 \u2013 Eur9,059,740).\u00a0\nThe Holding Company has also been granted a bank overdraft facility\nwith a limit of Eur9,850,000 ( 2024 - Eur2,000,000 )\n, out of which Eur3,702,618 ( 2024 -\nEur1,843,671 ) were utilised by the end of the\nreporting period.
\n\u00a0
\nBank borrowings -\nRomania
\n\u00a0
\nThe facility has\nbeen granted by\nBRD-SG to Premier Restaurants Romania SRL in tranches.\u00a0 During\nthe year, the loan refinanced in 2023 has been fully repaid.\u00a0\nAs at 31 December 2024,\u00a0 the refinanced portion of the loan\nbalance amounted to Eur3,059,883 and bore an interest rate\nof 3-month Euribor +1.85% per annum and the remaining loan\nbalance of Eur3,040,751 bore an interest rate of 3-month\nROBOR +1.4% per annum.\u00a0 Facility term of this tranche\nremained unchanged at seven years.\u00a0
\n\u00a0
\nIn March 2023 and in\nDecember 2024, another two tranches from the same facility were\ndrawdown for an amount of Eur12,500,000 respectively.\u00a0\nAs at the end of the reporting period, the loan balance amounted\nto Eur17,105,264 (2024 - Eur22,368,422\n) .\n\u00a0 The loan bears interest of 3-month\nEuribor +1.50% per annum (2024 - 3-month Euribor +1.70% per annum) and has a term\nof six years.\u00a0
\n\u00a0
\nIn July 2025, another\ntranche from the same facility was drawdown for an amount of\nEur11,590,000 .\u00a0 As at the end of the reporting period, the loan\nbalance amounted to Eur11,590,000. \u00a0 The loan\nbears interest of 3-month Euribor +1.50% per annum and has a term of\nsix years.\u00a0
\n\u00a0
\nThe loan facility is\nsecured by a pledge over the entity\u2019s immovable and movable\nproperty.\u00a0
\n\u00a0
\nBank borrowings -\nGreece
\n\u00a0
\nIn 2024, Premier Capital\nHellas S.A. has been granted a loan facility for the financing of\nworking capital and capital expenditure requirements with a balance\nof Eur9,833,360 bearing an interest rate of 3 month Euribor\n+3.87% .\u00a0 The loan balance as at the end of the\nreporting period amounted to Eur7,412,500 (2024 -\nEur9,059,740) .\u00a0 The loan is secured by a letter of\ncomfort issued by the subsidiary.\u00a0
\n\u00a0
\nOther bank\nborrowings
\n\u00a0
\nDuring the year, Premier\nCapital Hellas S.A. utilised an overdraft facility with a limit of\nEur4,000,000 and bearing an interest rate of 3.84%\nper annum.
\n\u00a0
\nPremier Restaurants\nMalta Limited, a subsidiary of the Group, has an unutilised\noverdraft facility with a limit of Eur400,000 and bearing\ninterest at 250 basis point over the bank\u2019s base rate,\npresently 2.35% per annum.\u00a0
\n\u00a0
\nThe Holding Company\nutilised an overdraft facility with a limit of Eur9,850,000\nand bearing an interest rate of 2.5% over bank base rate\npresently standing at 2.35% .\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "jzlLGzTa5W": { "value": "25.\u00a0\n\u00a0\u00a0 Lease liabilities
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease liability\n(current) \n | \n\n \u00a0\n13,686,019 \n | \n\n \u00a0\n12,475,782 \n | \n\n \u00a0 \n | \n\n \u00a076,327 \n | \n\n \u00a059,891 \n | \n
| \n Lease liability\n(non-current) \n | \n\n 164,393,039 \n | \n\n 147,284,676 \n | \n\n \u00a0 \n | \n\n \u00a0\n266,146 \n | \n\n \u00a0\n276,757 \n | \n
| \n \u00a0 \n | \n\n 178,079,058 \n | \n\n 159,760,458 \n | \n\n \u00a0 \n | \n\n \u00a0\n342,473 \n | \n\n \u00a0\n336,648 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe Group and the\nHolding Company have leases for its buildings and motor\nvehicles.\u00a0 With the exception of short-term leases and leases\nof low value assets, each lease is included in the statement of\nfinancial position as a right-of-use asset and a lease\nliability.\u00a0 Variable lease payments which do not depend on an\nindex or a rate (such as lease payments based on a percentage of\ncompany sales) are excluded from the initial measurement of the\nlease liability and asset.\u00a0 The Group and Holding Company\nclassifies its right-of-use assets in a consistent manner to its\nproperty, plant and equipment (see note 15).\u00a0
\n\u00a0
\nEach lease generally\nimposes a restriction that, unless there is a contractual right for\nthe Group and the Holding Company to sublet the asset to another\nparty, the right-of-use asset can only be used by the Group and the\nHolding Company.\u00a0 The majority of the lease agreements entitle\nthe Group\u2019s subsidiaries to have the right of first refusal\nwhen such leases come up for renewal.\u00a0 None of the lease\nagreements gives rights to the Group\u2019s subsidiaries\u2019 to\nany purchase or escalation options, however restricting the same\nsubsidiaries to further lease the properties to third\nparties.\u00a0 For leases over office buildings the Group and the\nHolding Company must keep those properties in a good state of\nrepair and return the properties in their original condition at the\nend of the lease.\u00a0 Further, the Group and the Holding Company\nmust insure items of property, plant and equipment and incur\nmaintenance fees on such items in accordance with the lease\ncontracts.\u00a0
\n\u00a0
\nThe lease liabilities\nare secured by the related underlying assets.\u00a0 Future minimum\nlease payments at 31 December 2025 were as follows:
\n\u00a0
\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n Minimum lease\npayments due \n | \n||||
| \n \u00a0 \n | \n\n \u00a0Within \n | \n\n Within \n | \n\n \u00a0 \n | \n\n After \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 1\nyear \n | \n\n \u00a02\u00a0 - 5\nyears \n | \n\n \u00a0 \n | \n\n \u00a05\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n At 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\npayments \n | \n\n \u00a0\n21,261,669 \n | \n\n \u00a0\n75,101,713 \n | \n\n \u00a0 \n | \n\n 164,822,557 \n | \n\n 261,185,939 \n | \n
| \n Finance\ncharges \n | \n\n \u00a0\n(7,575,650) \n | \n\n (25,367,548) \n | \n\n \u00a0 \n | \n\n (50,163,683) \n | \n\n (83,106,881) \n | \n
| \n Net present\nvalues \n | \n\n \u00a0\n13,686,019 \n | \n\n \u00a0\n49,734,165 \n | \n\n \u00a0 \n | \n\n 114,658,874 \n | \n\n 178,079,058 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\npayments \n | \n\n \u00a0\n19,227,722 \n | \n\n \u00a0\n66,876,011 \n | \n\n \u00a0 \n | \n\n 146,709,822 \n | \n\n 232,813,555 \n | \n
| \n Finance\ncharges \n | \n\n \u00a0\n(6,751,940) \n | \n\n (22,438,054) \n | \n\n \u00a0 \n | \n\n (43,863,103) \n | \n\n (73,053,097) \n | \n
| \n Net present\nvalues \n | \n\n \u00a0\n12,475,782 \n | \n\n \u00a0\n44,437,957 \n | \n\n \u00a0 \n | \n\n 102,846,719 \n | \n\n 159,760,458 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n Minimum lease\npayments due \n | \n||||
| \n \u00a0 \n | \n\n \u00a0Within \n | \n\n Within \n | \n\n \u00a0 \n | \n\n After \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 1\nyear \n | \n\n \u00a02\u00a0 - 5\nyears \n | \n\n \u00a0 \n | \n\n \u00a05\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n At 31 December\n2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\npayments \n | \n\n \u00a087,684 \n | \n\n \u00a0\n282,510 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n370,194 \n | \n
| \n Finance\ncharges \n | \n\n \u00a0\n(11,357) \n | \n\n \u00a0\n(16,364) \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n(27,721) \n | \n
| \n Net present\nvalues \n | \n\n \u00a076,327 \n | \n\n \u00a0\n266,146 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0\n342,473 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n At 31 December\n2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Lease\npayments \n | \n\n \u00a071,220 \n | \n\n \u00a0\n279,018 \n | \n\n \u00a0 \n | \n\n \u00a019,832 \n | \n\n \u00a0\n370,070 \n | \n
| \n Finance\ncharges \n | \n\n \u00a0\n(11,329) \n | \n\n \u00a0\n(21,997) \n | \n\n \u00a0 \n | \n\n \u00a0(96) \n | \n\n \u00a0\n(33,422) \n | \n
| \n Net present\nvalues \n | \n\n \u00a059,891 \n | \n\n \u00a0\n257,021 \n | \n\n \u00a0 \n | \n\n \u00a019,736 \n | \n\n \u00a0\n336,648 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nLease payments not\nrecognised as a liability
\n\u00a0
\nThe Group and the\nHolding Company have elected not to recognise a lease liability for\nshort term leases (leases with an expected term of 12 months or\nless) or for leases of low value assets.\u00a0 Payments made under\nsuch leases are expensed on a straight-line basis.\u00a0 In\naddition, certain variable lease payments\nare not permitted to be recognised as lease liabilities and are\nexpensed as incurred.\u00a0
\n\u00a0
\nThe expense relating to\npayments not included in the measurement of the lease liability is\nas follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Short-term\nleases \n | \n\n \u00a034,067 \n | \n\n \u00a011,506 \n | \n\n \u00a0 \n | \n\n \u00a023,817 \n | \n\n \u00a0- \n | \n
| \n Variable lease\npayments \n | \n\n \u00a0\n12,326,126 \n | \n\n \u00a0\n11,367,157 \n | \n\n \u00a0 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0\n12,360,193 \n | \n\n \u00a0\n11,378,663 \n | \n\n \u00a0 \n | \n\n \u00a023,817 \n | \n\n \u00a0- \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nVariable lease payments\nexpensed on the basis that they are not recognised as a lease\nliability comprise rentals of stores in each market whereby the\nGroup is committed to pay monthly payments\nto lessors based on the revenues of each particular store.\u00a0\nSuch variable lease payments are not permitted to be recognised as\na right-of-use asset and lease liability and are therefore expensed\nin the period they are incurred.\u00a0
\n\u00a0
\nIn 2017, the Holding\nCompany entered into a lease agreement for the provision of an\naircraft for a fixed number of annual flights.\u00a0 As per the\nlease arrangement, the Holding Company has no control over the\nleased aircraft and hence any lease payments do not give rise to a\nlease liability and an underlying right of use asset.\u00a0 Such\nlease payments are recognised within administrative expenses (refer\nto note 32).\u00a0
\n\u00a0
\nTotal cash outflow for\nleases for the year ended 31 December 2025 by the Group was\nEur18,263,074 (2024 - Eur18,579,835 ) and for the\nHolding Company Eur76,708 (2024 - Eur72,818\n).
", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "rX2VsKudmM": { "value": "26.\u00a0\n\u00a0\u00a0 Debt securities in issue
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Group and Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n 3.75% unsecured bonds\nredeemable 2026 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 64,914,147 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nIn November 2016, the\nHolding Company issued 650,000 3.75% unsecured bonds of a\nnominal value of Eur100 per bond.\u00a0 The bonds are redeemable at\ntheir nominal value on 23 November 2026.\u00a0 The bonds are\nclassified as current liabilities.
\n\u00a0
\nInterest on the bonds\nis due and payable annually on 23 November of each\nyear.\u00a0
\n\u00a0
\nThe bonds are listed on\nthe Official List of the Malta Stock Exchange.\u00a0 The carrying\namount of the 3.75% bonds is net of direct issue costs of\nEur85,853 (2024 \u2013 Eur179,512 ) which\nare being amortised over the life of the bonds.\u00a0 The market\nvalue of debt securities on the last trading day before the\nstatement of financial position date was Eur64,031,500 (2024\n- Eur64,350,000 ).\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "JtgSBB-l2W": { "value": "27.\u00a0\n\u00a0\u00a0 Share capital
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n Authorised \n | \n\n Issued\nand \n | \n\n \u00a0 \n | \n\n Authorised \n | \n\n Issued and \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n called\nup \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n called up \n | \n
| \n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 400,000 ordinary shares\nof Eur100 each, \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n of which 336,747\u00a0\nhave been issued \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n and called up \n | \n\n \u00a0\n40,000,000 \n | \n\n \u00a0\n33,674,700 \n | \n\n \u00a0 \n | \n\n \u00a0\n40,000,000 \n | \n\n \u00a0\n33,674,700 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nSave for the selection\nof directors in terms of Clause 55 of the Articles of Association\nof the Holding Company, ordinary shares in the Holding Company,\nirrespective of the class to which they belong, shall have equal\nrights as regards dividends and in all other respects each\nshareholder shall be entitled to one vote in general meetings for\neach of such shares held.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "SVgXNsS0hP": { "value": "28.\u00a0\n\u00a0\u00a0 Other reserves
\n\u00a0
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n Legal \n | \n\n Revaluation \n | \n\n Other \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n reserve \n | \n\n reserve \n | \n\n reserve \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Balance at 1 January\n2024 \n | \n\n \u00a04,397,423 \n | \n\n \u00a0\n16,689,925 \n | \n\n (10,261,144) \n | \n\n \u00a0\n10,826,204 \n | \n
| \n Transfer from retained\nearnings \n | \n\n \u00a0- \n | \n\n (583,211) \n | \n\n \u00a079,019 \n | \n\n (504,192) \n | \n
| \n Balance at 1 January\n2025 \n | \n\n \u00a04,397,423 \n | \n\n \u00a0\n16,106,714 \n | \n\n (10,182,125) \n | \n\n \u00a0\n10,322,012 \n | \n
| \n Transfer from retained\nearnings \n | \n\n \u00a0- \n | \n\n \u00a09,397,529 \n | \n\n \u00a010,190 \n | \n\n \u00a09,407,719 \n | \n
| \n Balance at 31\nDecember 2025 \n | \n\n \u00a04,397,423 \n | \n\n \u00a0\n25,504,243 \n | \n\n (10,171,935) \n | \n\n \u00a0\n19,729,731 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe legal reserve\nrepresents reserves created by the subsidiaries in Estonia,\nLithuania, Greece and Romania pursuant to the legal requirements in\nthese jurisdictions.\u00a0
\n\u00a0
\nThe revaluation reserve\nwas created from an increase in revaluation of property, plant and\nequipment.\u00a0 In 2016, the land which was acquired on\nacquisition of the Romania operating segment was revalued and\nresulted in an increase in revaluation of Eur44,568 .\u00a0\nIn 2019, the Group performed a revaluation assessment on the\nGroup\u2019s property, plant and equipment.\u00a0 This gave rise\nto an increase in the revaluation of land and buildings situated in\nRomania of Eur6,007,738 of which Eur5,406,964 was\nallocated to the Group and Eur600,774 was allocated to\nnon-controlling interest.\u00a0 In 2020, the Group acquired the\nnon-controlling interest which resulted in reversals in equity of\npreviously allocated reserves to the non-controlling interest\namounting to Eur8,955,498 \u2013 this included the \nreversal of Eur600,774 allocated to revaluation reserve and\nmovement in other reserve of Eur9,556,272 .\u00a0 In 2022,\nthe Group performed another revaluation assessment of its property,\nplant and equipment which gave rise to an increase in the\nrevaluation of the land and buildings in Romania of\nEur10,804,506 .\u00a0 During 2025, the Group performed\nanother revaluation assessment of its property, plant and equipment\nwhich gave rise to an increase in the revaluation of the land and\nbuildings in Romania of Eur9,397,529 .
\n\u00a0
\nThe other reserve\nrepresents a cash capital contribution made by the parent company\nto one of its subsidiaries attributable to non-controlling\ninterests amounting to Eur370,825 , a loss offset reserve of\nEur212,351 , and the effect of acquisition of part of a\nnon-controlling interests amounting to Eur1,360,079 .\u00a0\nIn 2015, the Group gained full control in the subsidiary Premier\nRestaurants Malta Limited resulting in a movement in the other\nreserve of Eur455,878 .
\n\u00a0
\nHolding\nCompany
\n\u00a0
\nThe other reserve\nrepresents a loss offset reserve amounting to Eur212,351 for\nthe purpose of offsetting any losses that may be incurred by the\nHolding Company from time to time and was created by a reduction of\nshare capital in 2010.\u00a0 Included in other reserve is the\nadjustment on merger by acquisition of Premier Capital B.V. to the\nHolding Company (refer to note 17(b)).
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Other \n | \n||||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Reserve \n | \n||||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Eur \n | \n||||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||||
| \n Balance at 1 January\n2024 / 31 December 2024 / 31 December 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n186,267 \n | \n\n \u00a0 \n | \n||||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n||||
| \n | \n | \n | \n | \n | \n | \n | \n | \n |
29.\u00a0\n\u00a0\u00a0 Cash and cash equivalents
\n\u00a0
\nCash and cash\nequivalents included in the statement of cash flows comprise the\nfollowing amounts in the statement of financial\nposition:
\n\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cash at bank and on\nhand \n | \n\n \u00a0\n26,298,073 \n | \n\n \u00a0\n41,589,460 \n | \n\n \u00a0 \n | \n\n \u00a02,097 \n | \n\n \u00a06,002 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cash and cash\nequivalents in the \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n statements of\nfinancial position \n | \n\n \u00a0\n26,298,073 \n | \n\n \u00a0\n41,589,460 \n | \n\n \u00a0 \n | \n\n \u00a02,097 \n | \n\n \u00a06,002 \n | \n
| \n Bank overdrafts (note\n24) \n | \n\n \u00a0\n(3,702,618) \n | \n\n \u00a0\n(1,843,671) \n | \n\n \u00a0 \n | \n\n \u00a0\n(3,702,618) \n | \n\n \u00a0\n(1,843,671) \n | \n
| \n Cash and cash\nequivalents in the \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n statements of cash\nflows \n | \n\n \u00a0\n22,595,455 \n | \n\n \u00a0\n39,745,789 \n | \n\n \u00a0 \n | \n\n \u00a0\n(3,700,521) \n | \n\n \u00a0\n(1,837,669) \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nCash at bank earns\ninterest at floating rates based on bank deposit rates.\u00a0 The\ninterest rate on the cash at bank in 2025 was 0% - 2.50% (2024\n\u2013 \u00a0 0% - 5.25% ).
", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "OLPH6Xbu76": { "value": "30.\u00a0\n\u00a0\u00a0 Significant non-cash transactions
\n\u00a0
\nDuring 2025\n, the Holding Company set off short term loan\nbalances due to subsidiaries of Eur7,941,584 against\nreceivables from same subsidiaries (refer to note\n18(c)).
", "dimensions": { "concept": "premiercapital:DisclosureOfSignificantNonCashTransactionsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "G3Y_r9S7yu": { "value": "31.\u00a0\n\u00a0\u00a0 Related party disclosures
\n\u00a0
\nPremier Capital p.l.c.\nis the parent company of the undertakings highlighted in note\n17(a).\u00a0
\n\u00a0
\nThe ultimate parent\ncompany of Premier Capital p.l.c. is Hili Ventures Limited which is\nincorporated in Malta, having registered address Nineteen\nTwenty-Three, Valletta Road, Marsa, and which produces consolidated\nfinancial statements available for public use.\u00a0 The\nconsolidated financial statements of Premier Capital p.l.c. and\nHili Ventures Limited are available from Malta Business Registry\nand their respective websites.\u00a0
\n\nThe directors consider\nthe ultimate controlling party to be Carmelo ( sive) Melo\nHili, who is the indirect owner of more than 50% of the\nissued share capital of Hili Ventures Limited.\u00a0
\n\u00a0
\nDuring the year, the\nGroup and the Holding Company entered into transactions with\nrelated parties, as set out below.\u00a0
\n\u00a0
\nGroup
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n Related \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Related \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n party \n | \n\n Total \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n party \n | \n\n Total \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n activity \n | \n\n activity \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n activity \n | \n\n activity \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0% \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n % \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Cost of\nsales: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related\nparties \n | \n\n \u00a0\n4,067,863 \n | \n\n 607,139,463 \n | \n\n \u00a0\n1 \n | \n\n \u00a0 \n | \n\n \u00a0\n3,076,980 \n | \n\n \u00a0\n553,639,936 \n | \n\n 1 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Administrative\nexpenses: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Ultimate\nparent \n | \n\n \u00a0\n1,000,000 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n1,000,000 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related\nparties \n | \n\n \u00a0\n178,965 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 137,896 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Key management\npersonnel \n | \n\n \u00a0\n1,136,047 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 970,378 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n2,315,012 \n | \n\n \u00a0\n43,387,359 \n | \n\n \u00a0\n6 \n | \n\n \u00a0 \n | \n\n \u00a0\n2,108,274 \n | \n\n \u00a038,757,821 \n | \n\n 5 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Investment\nincome: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Ultimate\nparent \n | \n\n \u00a0\n825,553 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 825,553 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related\nparties \n | \n\n \u00a0\n16,001 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n17,340 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n841,554 \n | \n\n \u00a02,213,018 \n | \n\n \u00a0\n38 \n | \n\n \u00a0 \n | \n\n 842,893 \n | \n\n 2,978,052 \n | \n\n \u00a028 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Finance\ncosts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related\nparties \n | \n\n \u00a0\n1,005,824 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 799,707 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n1,005,824 \n | \n\n \u00a0\n12,050,516 \n | \n\n \u00a0\n6 \n | \n\n \u00a0 \n | \n\n 799,707 \n | \n\n \u00a010,778,171 \n | \n\n 7 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n Related \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n Related \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n party \n | \n\n Total \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n party \n | \n\n Total \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n activity \n | \n\n activity \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n activity \n | \n\n activity \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0% \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n % \n | \n
| \n Revenue: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Subsidiaries \n | \n\n \u00a01,156,550 \n | \n\n 1,156,550 \n | \n\n \u00a0100 \n | \n\n \u00a0 \n | \n\n \u00a0\n1,138,002 \n | \n\n 1,138,002 \n | \n\n \u00a0100 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Administrative\nexpenses: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Subsidiaries \n | \n\n \u00a0\n234,318 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 - \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Ultimate\nparent \n | \n\n \u00a01,000,000 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n1,000,000 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Other related\nparties \n | \n\n \u00a078,726 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n69,307 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Key management\npersonnel \n | \n\n \u00a01,136,047 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 970,378 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a02,449,091 \n | \n\n 9,085,565 \n | \n\n \u00a027 \n | \n\n \u00a0 \n | \n\n \u00a0\n2,039,685 \n | \n\n 8,199,843 \n | \n\n \u00a025 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Investment\nincome: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Subsidiaries \n | \n\n \u00a0\n60,694,868 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 64,315,754 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Ultimate\nparent \n | \n\n \u00a0\n825,553 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 825,553 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Other related\nparties \n | \n\n \u00a016,001 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n17,340 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n61,536,422 \n | \n\n \u00a062,526,719 \n | \n\n 98 \n | \n\n \u00a0 \n | \n\n 65,158,647 \n | \n\n \u00a066,538,526 \n | \n\n \u00a098 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Finance\ncosts: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Related party\ntransactions with: \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Subsidiaries \n | \n\n \u00a0\n271,191 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 439,660 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Other related\nparties \n | \n\n \u00a011,075 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0\n12,085 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0\n282,266 \n | \n\n 2,960,163 \n | \n\n 10 \n | \n\n \u00a0 \n | \n\n 451,745 \n | \n\n 3,058,660 \n | \n\n \u00a015 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nNo expense has been\nrecognised during the year arising from doubtful debts in respect\nof amounts due by related parties.\u00a0
\n\u00a0
\nThe amounts due from/to\nrelated parties at year-end are disclosed in notes 12, 18, 21 and\n23.\u00a0 Other related party transactions are disclosed in note 28\nand 30.\u00a0 Other than as disclosed in the respective notes, no\nguarantees have been given or received.\u00a0 The terms and\nconditions in respect of the related party balances do not specify\nthe nature of the consideration to be provided in\nsettlement.\u00a0
\n\u00a0
\nOther related parties\nconsist of related parties other than parent, entities with joint\ncontrol or significant influence over the Holding Company,\nsubsidiaries, associates, joint ventures in which the Holding\nCompany is a venture and key management personnel of the Holding\nCompany or its parent.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "blmNy4wHiU": { "value": "The ultimate parent\ncompany of Premier Capital p.l.c. is Hili Ventures Limited", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "XDlgVJH1hY": { "value": "Hili Ventures Limited", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "_c-msEoBTT": { "value": "32.\u00a0\n\u00a0\u00a0 Operating leases
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0Group and\nHolding Company \n | \n|||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Operating leases\nrecognised as expense during the year \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n|
| \n Minimum lease payments\nunder \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n operating\nleases \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a01,330,620 \n | \n\n \u00a01,302,581 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nExpenses included in the\nabove relate to agreements that do not meet the definition of a\nlease under IFRS 16.
\n\u00a0
\nIn 2017, the Holding\nCompany entered into an operating lease for the provision of an\naircraft for a fixed number of annual flight hours.\u00a0 Lease was\nrenewed in 2023.\u00a0 This is included in the minimum lease\npayments in the above disclosure.\u00a0
\n\u00a0
\nAt the end of the\nreporting period, the Group and the Holding Company had outstanding\ncommitments under non-cancellable operating leases, which fall due\nas follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Group and\nHolding Company \n | \n||
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Within one\nyear \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a01,330,620 \n | \n\n \u00a01,330,620 \n | \n
| \n Between two to five\nyears \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a02,468,765 \n | \n\n \u00a03,799,385 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a03,799,385 \n | \n\n \u00a05,130,005 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
33.\u00a0\n\u00a0\u00a0 Commitments
\n\u00a0
\n| \n (i) \n | \n\n The subsidiaries\noperate under franchise agreements (\u2018the Agreement\u2019)\nentered into with McDonald\u2019s International Property Company\nor McDonald\u2019s Corporation (\u2018the\nFranchisor\u2019).\u00a0 The franchise agreements are for a period\nof 20 years which allows the respective subsidiary to use the\nMcDonald\u2019s system in the restaurants.\u00a0 These franchise\nagreements stipulate certain financial and non-financial\nobligations, including but not necessarily limited to, maintaining\ncertain financial ratios, performing marketing and other\nactivities.\u00a0 The subsidiaries are obliged to pay a royalty fee\nbased on their annual net sales of the respective company on an\nannual basis. \n | \n
| \n (ii) \n | \n\n Upon the expiration of\nthese Agreements, the Franchisor shall have the right to purchase\nall of the equity interest in the Franchisee\u2019s\nMcDonald\u2019s Restaurant Business (\u201cFMRB\u201d).\u00a0 If\nthe Franchisor elects to exercise its right to purchase FMRB, the\nPurchase price shall be equal to the Fair Market Value, as defined\nin the Agreement.\u00a0 In the event that the Franchisor does not\nexercise its right to purchase FMRB, it shall have the right to\nlease or sublease or purchase, as the case may be, the premises\nassociated with the Restaurants from Franchisee at fair market\nrental or fair market price, as the case may be.\u00a0 \n | \n
34.\u00a0\n\u00a0\u00a0\u00a0 Contingent liabilities
\n\u00a0
\nCertain subsidiaries of\nthe Group have guaranteed the amount of Eur10,000,000 (2024\n\u2013 Eur10,630,982 ) in favour of related companies in\nconnection with bank facilities of the respective related\ncompany.
", "dimensions": { "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "IQff2FKVq-": { "value": "35.\u00a0\n\u00a0\u00a0 Fair value of financial assets and financial\nliabilities
\n\u00a0
\nAt 31 December 2025 and\n2024 the carrying amounts of financial assets and financial\nliabilities classified with current assets and current liabilities\nrespectively approximated their fair values due to the\nshort- term maturities of these assets and\nliabilities.\u00a0
\n\u00a0
\nThe fair values of\nnon-current financial assets and non-current financial liabilities\nthat are not measured at fair value, other than the shares in\nsubsidiary companies that are carried at cost, and the debt\nsecurities in issue (where fair value is disclosed in note 26), are\nnot materially different from their carrying amounts due to the\nfact that the interest rates are considered to represent market\nrates at the year end.
\n\u00a0
\nThe following table\nprovides an analysis of financial instruments that are measured\nsubsequent to initial recognition at fair value, grouped into\nLevels 1 to 3.\u00a0
\n\u00a0
\nGroup
\n\n| \n \u00a0 \n | \n\n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Local listed debt and\nequity instruments \n | \n\n \u00a0\n985,696 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n985,696 \n | \n
| \n Foreign listed debt and\nequity instruments \n | \n\n \u00a0\n18,250,481 \n | \n\n \u00a073,153 \n | \n\n \u00a0\n(10,222) \n | \n\n \u00a0\n18,313,412 \n | \n
| \n Derivative financial\ninstruments \n | \n\n \u00a0- \n | \n\n \u00a0\n116,009 \n | \n\n \u00a0- \n | \n\n \u00a0\n116,009 \n | \n
| \n As at\n31.12.2024 \n | \n\n \u00a0\n19,236,177 \n | \n\n \u00a0\n189,162 \n | \n\n \u00a0\n(10,222) \n | \n\n \u00a0\n19,415,117 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Local listed debt and\nequity instruments \n | \n\n \u00a0\n112,710 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n112,710 \n | \n
| \n Foreign listed debt and\nequity instruments \n | \n\n \u00a0\n20,316,990 \n | \n\n \u00a0- \n | \n\n \u00a082,582 \n | \n\n \u00a0\n20,399,572 \n | \n
| \n Other financial\nasset \n | \n\n \u00a0- \n | \n\n \u00a050,000 \n | \n\n \u00a0- \n | \n\n \u00a050,000 \n | \n
| \n As at\n31.12.2025 \n | \n\n \u00a0\n20,429,700 \n | \n\n \u00a050,000 \n | \n\n \u00a082,582 \n | \n\n \u00a0\n20,562,282 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
Holding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Local listed debt and\nequity instruments \n | \n\n \u00a0\n985,696 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n985,696 \n | \n
| \n Foreign listed debt and\nequity instruments \n | \n\n \u00a0\n17,132,951 \n | \n\n \u00a073,153 \n | \n\n \u00a0\n(10,222) \n | \n\n 17,195,882 \n | \n
| \n As at\n31.12.2024 \n | \n\n \u00a0\n18,118,647 \n | \n\n \u00a073,153 \n | \n\n \u00a0\n(10,222) \n | \n\n \u00a0\n18,181,578 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Local listed debt\ninstruments \n | \n\n \u00a0\n112,710 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n112,710 \n | \n
| \n Foreign listed debt and\nequity instruments \n | \n\n \u00a0\n19,222,320 \n | \n\n \u00a0- \n | \n\n \u00a082,582 \n | \n\n \u00a0\n19,304,902 \n | \n
| \n As at\n31.12.2025 \n | \n\n \u00a0\n19,335,030 \n | \n\n \u00a0- \n | \n\n \u00a082,582 \n | \n\n \u00a0\n19,417,612 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe fair values of\nfinancial assets with standard terms and conditions and traded on\nactive liquid markets are determined with\nreference to quoted market prices.\u00a0
\n\u00a0
\nThe fair value of the\nderivative financial instruments is established by using a\nvaluation technique.\u00a0 Valuation techniques comprise discounted\ncash flow analysis.\u00a0 The valuation technique is consistent\nwith generally accepted economic methodologies for pricing\nfinancial instruments.\u00a0 The fair value of interest rate swaps\nat the end of the reporting period is determined by discounting the\nfuture cash flows using appropriate rates at end of the reporting\nperiod.\u00a0
\n\u00a0
\nThe following\ntable provides an analysis of financial\ninstruments that are not measured subsequent to initial recognition\nat fair value, other than those with carrying amounts that are\nreasonable approximations of fair value and other than shares in\nsubsidiary companies, grouped into Levels 1 to 3.\u00a0
\n\u00a0
\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n Fair value\nmeasurement at end of reporting period using: \n | \n||||
| \n \u00a0 \n | \n\n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n\n Carrying \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n amount \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial assets at\namortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\nreceivables \n | \n\n \u00a0- \n | \n\n \u00a07,543,615 \n | \n\n \u00a0- \n | \n\n \u00a07,543,615 \n | \n\n \u00a07,543,615 \n | \n
| \n Receivables from other\nrelated parties \n | \n\n \u00a0- \n | \n\n \u00a014,453 \n | \n\n \u00a0- \n | \n\n \u00a014,453 \n | \n\n \u00a014,453 \n | \n
| \n Receivables from\nultimate parent \n | \n\n \u00a0- \n | \n\n \u00a073,053 \n | \n\n \u00a0\n18,345,630 \n | \n\n \u00a0\n18,418,683 \n | \n\n \u00a0\n18,418,683 \n | \n
| \n Cash and cash\nequivalents \n | \n\n \u00a0- \n | \n\n \u00a0\n39,745,789 \n | \n\n \u00a0- \n | \n\n \u00a0\n39,745,789 \n | \n\n \u00a0\n39,745,789 \n | \n
| \n As at\n31.12.2024 \n | \n\n \u00a0- \n | \n\n \u00a0\n47,376,910 \n | \n\n \u00a0\n18,345,630 \n | \n\n \u00a0\n65,722,540 \n | \n\n \u00a0\n65,722,540 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\nreceivables \n | \n\n \u00a0- \n | \n\n \u00a06,130,744 \n | \n\n \u00a0- \n | \n\n \u00a06,130,744 \n | \n\n \u00a06,130,744 \n | \n
| \n Receivables from other\nrelated parties \n | \n\n \u00a0- \n | \n\n \u00a019,142 \n | \n\n \u00a0- \n | \n\n \u00a019,142 \n | \n\n \u00a019,142 \n | \n
| \n Receivables from\nultimate parent \n | \n\n \u00a0- \n | \n\n \u00a0\n18,416,837 \n | \n\n \u00a0- \n | \n\n \u00a0\n18,416,837 \n | \n\n \u00a0\n18,416,837 \n | \n
| \n Cash and cash\nequivalents \n | \n\n \u00a0- \n | \n\n \u00a0\n22,595,455 \n | \n\n \u00a0- \n | \n\n \u00a0\n22,595,455 \n | \n\n \u00a0\n22,595,455 \n | \n
| \n As at\n31.12.2025 \n | \n\n \u00a0- \n | \n\n \u00a0\n47,162,178 \n | \n\n \u00a0- \n | \n\n \u00a0\n47,162,178 \n | \n\n \u00a0\n47,162,178 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial liabilities\nat amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\npayables \n | \n\n \u00a0- \n | \n\n \u00a0\n70,910,323 \n | \n\n \u00a0- \n | \n\n \u00a0\n70,910,323 \n | \n\n \u00a0\n70,910,323 \n | \n
| \n Amounts due to other\nrelated parties \n | \n\n \u00a0- \n | \n\n \u00a0\n239,698 \n | \n\n \u00a0- \n | \n\n \u00a0\n239,698 \n | \n\n \u00a0\n239,698 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0- \n | \n\n \u00a019,592 \n | \n\n \u00a0- \n | \n\n \u00a019,592 \n | \n\n \u00a019,592 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0- \n | \n\n 159,760,458 \n | \n\n - \n | \n\n 159,760,458 \n | \n\n \u00a0\n159,760,458 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0- \n | \n\n \u00a0\n37,528,796 \n | \n\n \u00a0- \n | \n\n \u00a0\n37,528,796 \n | \n\n \u00a0\n37,528,796 \n | \n
| \n Debt\nsecurities \n | \n\n \u00a0\n64,350,000 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n64,350,000 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n As at\n31.12.2024 \n | \n\n \u00a0\n64,350,000 \n | \n\n 268,458,867 \n | \n\n \u00a0- \n | \n\n 332,808,867 \n | \n\n \u00a0\n333,279,355 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\npayables \n | \n\n \u00a0- \n | \n\n \u00a0\n64,490,608 \n | \n\n \u00a0- \n | \n\n \u00a0\n64,490,608 \n | \n\n \u00a0\n64,490,608 \n | \n
| \n Amounts due to other\nrelated parties \n | \n\n \u00a0- \n | \n\n \u00a0\n265,688 \n | \n\n \u00a0- \n | \n\n \u00a0\n265,688 \n | \n\n \u00a0\n265,688 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0- \n | \n\n \u00a037,248 \n | \n\n \u00a0- \n | \n\n \u00a037,248 \n | \n\n \u00a037,248 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0- \n | \n\n 178,079,058 \n | \n\n \u00a0- \n | \n\n 178,079,058 \n | \n\n \u00a0\n178,079,058 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0- \n | \n\n \u00a0\n36,107,763 \n | \n\n \u00a0- \n | \n\n \u00a0\n36,107,763 \n | \n\n \u00a0\n36,107,763 \n | \n
| \n Debt\nsecurities \n | \n\n \u00a0\n64,031,500 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n64,031,500 \n | \n\n \u00a0\n64,914,147 \n | \n
| \n As at\n31.12.2025 \n | \n\n \u00a0\n64,031,500 \n | \n\n 278,980,365 \n | \n\n \u00a0- \n | \n\n 343,011,865 \n | \n\n \u00a0\n343,894,512 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe fair\nvalues of the financial\nassets and liabilities included in level 2 and level 3 categories\nabove have been determined in accordance with generally accepted\npricing models based on a discounted cash flow analysis, with the\nmost significant inputs being the discount rate that reflects the\nmarket interest rate at year end and the credit risk of\ncounterparties.\u00a0
\n\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n Fair value\nmeasurement at end of reporting period using: \n | \n||||
| \n \u00a0 \n | \n\n Level\n1 \n | \n\n Level\n2 \n | \n\n Level\n3 \n | \n\n Total \n | \n\n Carrying \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n amount \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n Financial\nassets \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial assets at\namortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\nreceivables \n | \n\n \u00a0- \n | \n\n \u00a0\n120,038 \n | \n\n \u00a0- \n | \n\n \u00a0\n120,038 \n | \n\n \u00a0\n120,038 \n | \n
| \n Receivables from\nsubsidiaries \n | \n\n \u00a0- \n | \n\n \u00a092,005 \n | \n\n \u00a02,000,000 \n | \n\n \u00a02,092,005 \n | \n\n \u00a02,092,005 \n | \n
| \n Receivables from\nultimate parent \n | \n\n \u00a0- \n | \n\n \u00a069,924 \n | \n\n \u00a0\n18,345,630 \n | \n\n \u00a0\n18,415,554 \n | \n\n \u00a0\n18,415,554 \n | \n
| \n Cash and cash\nequivalents \n | \n\n \u00a0- \n | \n\n \u00a06,002 \n | \n\n \u00a0- \n | \n\n \u00a06,002 \n | \n\n 6,002 \n | \n
| \n As at\n31.12.2024 \n | \n\n \u00a0- \n | \n\n \u00a0\n287,969 \n | \n\n \u00a0\n20,345,630 \n | \n\n \u00a0\n20,633,599 \n | \n\n \u00a0\n20,633,599 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\nreceivables \n | \n\n \u00a0- \n | \n\n \u00a0\n122,141 \n | \n\n \u00a0- \n | \n\n \u00a0\n122,141 \n | \n\n \u00a0\n122,141 \n | \n
| \n Receivables from\nsubsidiaries \n | \n\n \u00a0- \n | \n\n \u00a0\n225,936 \n | \n\n \u00a03,000,000 \n | \n\n \u00a03,225,936 \n | \n\n \u00a03,225,936 \n | \n
| \n Receivables from\nultimate parent \n | \n\n \u00a0- \n | \n\n \u00a0\n18,415,746 \n | \n\n \u00a0- \n | \n\n \u00a0\n18,415,746 \n | \n\n \u00a0\n18,415,746 \n | \n
| \n Cash and cash\nequivalents \n | \n\n \u00a0- \n | \n\n \u00a02,097 \n | \n\n \u00a0- \n | \n\n \u00a02,097 \n | \n\n 2,097 \n | \n
| \n As at\n31.12.2025 \n | \n\n \u00a0- \n | \n\n \u00a0\n18,765,920 \n | \n\n \u00a03,000,000 \n | \n\n \u00a0\n21,765,920 \n | \n\n \u00a0\n21,765,920 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial\nliabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Financial liabilities\nat amortised cost \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\npayables \n | \n\n \u00a0- \n | \n\n \u00a01,135,557 \n | \n\n \u00a0- \n | \n\n \u00a01,135,557 \n | \n\n \u00a01,135,557 \n | \n
| \n Amounts due to other\nrelated parties \n | \n\n \u00a0- \n | \n\n \u00a01,771 \n | \n\n \u00a0- \n | \n\n \u00a01,771 \n | \n\n 1,771 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0- \n | \n\n \u00a019,592 \n | \n\n \u00a0- \n | \n\n \u00a019,592 \n | \n\n \u00a019,592 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0- \n | \n\n \u00a0\n11,399,988 \n | \n\n \u00a0- \n | \n\n \u00a0\n11,399,988 \n | \n\n \u00a0\n11,399,988 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0- \n | \n\n \u00a0\n336,648 \n | \n\n \u00a0- \n | \n\n \u00a0\n336,648 \n | \n\n \u00a0\n336,648 \n | \n
| \n Debt\nsecurities \n | \n\n \u00a0\n64,350,000 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n64,350,000 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n As at\n31.12.2024 \n | \n\n \u00a0\n64,350,000 \n | \n\n \u00a0\n12,893,556 \n | \n\n \u00a0- \n | \n\n \u00a0\n77,243,556 \n | \n\n \u00a0\n77,714,044 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Trade and other\npayables \n | \n\n \u00a0- \n | \n\n \u00a02,196,659 \n | \n\n \u00a0- \n | \n\n \u00a02,196,659 \n | \n\n \u00a02,196,659 \n | \n
| \n Amounts due to other\nrelated parties \n | \n\n \u00a0- \n | \n\n \u00a02,120 \n | \n\n \u00a0- \n | \n\n \u00a02,120 \n | \n\n 2,120 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0- \n | \n\n \u00a036,824 \n | \n\n \u00a0- \n | \n\n \u00a036,824 \n | \n\n \u00a036,824 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0- \n | \n\n \u00a03,915,058 \n | \n\n \u00a0- \n | \n\n \u00a03,915,058 \n | \n\n \u00a03,915,058 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0- \n | \n\n \u00a0\n342,473 \n | \n\n \u00a0- \n | \n\n \u00a0\n342,473 \n | \n\n \u00a0\n342,473 \n | \n
| \n Debt\nsecurities \n | \n\n \u00a0\n64,031,500 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n64,031,500 \n | \n\n \u00a0\n64,914,147 \n | \n
| \n As at\n31.12.2025 \n | \n\n \u00a0\n64,031,500 \n | \n\n \u00a06,493,134 \n | \n\n \u00a0- \n | \n\n \u00a0\n70,524,634 \n | \n\n \u00a0\n71,407,281 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
36.\u00a0\n\u00a0\u00a0 Financial risk management
\n\u00a0
\nThe exposures to risk\nand the way risks arise, together with the Group\u2019s\nobjectives, policies and processes for managing and measuring these\nrisks are disclosed in more detail below.\u00a0
\n\u00a0
\nThe objectives, policies\nand processes for managing financial risks and the methods used to\nmeasure such risks are subject to continual improvement and\ndevelopment.\u00a0 Where applicable, any significant changes in the\nGroup\u2019s exposure to financial risks or the manner in which\nthe Group manages and measures these risks are disclosed\nbelow.\u00a0
\n\u00a0
\nWhere possible, the\nGroup aims to reduce and control risk concentrations.\u00a0\nConcentrations of financial risk arise when financial instruments\nwith similar characteristics are influenced in the same way by\nchanges in economic or other factors.\u00a0 The amount of the risk\nexposure associated with financial instruments sharing similar\ncharacteristics is disclosed in more detail in the notes to the\nfinancial statements.\u00a0
\n\u00a0
\nCredit\nrisk
\n\u00a0
\nFinancial assets which\npotentially subject the Group to concentrations of credit risk,\nconsist principally of trade receivables, loans and receivables,\ndebt securities held, financial assets at fair value through other\ncomprehensive income and cash at bank.\u00a0 Trade receivables and\nloan and receivables are presented net of an allowance for doubtful\ndebts.\u00a0 An allowance for doubtful debts is made where there is\nan identified loss event which, based on previous experience, is\nevidence of a reduction in the recoverability of the cash\nflows.\u00a0 Cash at bank are placed with reliable financial\ninstitutions with a credit rating of A+ - BBB+ at year end (2024\n\u2013 AA- - BBB+).
\n\u00a0
\nCredit risk with respect\nto trade receivables is limited due to the nature of the\nGroup\u2019s operations.\u00a0 Loans and receivables comprise\namounts due from related parties.\u00a0 The Group\u2019s and the\nHolding Company\u2019s concentration to credit risk arising from\nthese receivables are considered limited as there were no\nindications that these counterparties are unable to meet their\nobligations.\u00a0 Management considers these to be of good credit\nquality.\u00a0 Management does not consider loans and receivables\nto have deteriorated in credit quality and the effect of\nmanagement\u2019s estimate of the 12-month credit loss has been\ndetermined to be insignificant to the results of the Group and\nHolding Company.\u00a0
\n\u00a0
\nThe carrying amount of\nfinancial assets recorded in the financial statements, which is net\nof impairment losses, represents the\nGroup\u2019s maximum exposure to credit risk without taking\naccount of the value of any collateral obtained.\u00a0 Any\nguarantees are disclosed in note 34.\u00a0
\n\u00a0
\nQuoted investments are\nacquired after assessing the quality of the related\ninvestments.\u00a0
\n\u00a0
\nCurrency\nrisk
\n\u00a0
\nForeign currency\ntransactions arise when the Group buys or sells goods or services\nwhose price is denominated in foreign currency, borrows or lends\nfunds when the amounts payable or receivable are denominated in a\nforeign currency or acquires or disposes of assets, or incurs or\nsettles liabilities, denominated in foreign currency.
\n\u00a0
\nThe risk arising from\nforeign currency transactions is managed by regular monitoring of\nthe relevant exchange rates and management\u2019s reaction to\nmaterial movements thereto.
\n\u00a0
\nThe functional currency\nof all the subsidiaries, except the Romanian entities, was the Euro\nboth in the current year and in the prior year.\u00a0 Furthermore,\nthe translation of the Romania entity, which has the Romanian Lei\nas its functional currency is recognised in\nthe Group\u2019s other comprehensive income in accordance with the\nGroup\u2019s accounting policies.\u00a0
\n\u00a0
\nInterest rate\nrisk
\n\u00a0
\nThe Group has taken out\nbank borrowings and debt securities to finance its operations as\ndisclosed in notes 24 and 26.\u00a0 The interest rates thereon and\nthe terms of such borrowings are disclosed accordingly.\u00a0 The\neffective interest rate on loans and receivables, other financial\nliabilities, bank borrowings, debt securities in issue and cash at\nbank are disclosed in notes 18, 23, 24, 26 and 29\nrespectively.\u00a0
\n\u00a0
\nThe Group is exposed to\ncash flow interest rate risk on borrowings and debt instruments\ncarrying a floating interest rate and to fair value interest rate\nrisk on borrowings and debt instruments carrying a fixed interest\nrate to the extent that these are measured at fair value.\u00a0\nInvestments in equity instruments are not exposed to interest rate\nrisk.\u00a0
\n\u00a0
\nManagement monitors the\nmovement in interest rates and, where possible, reacts to material\nmovements in such rates by adjusting its selling prices or by\nrestructuring its financing structure.\u00a0 The Group entered into\ninterest rate swaps to hedge its exposure arising from floating\ninterest rates on certain bank borrowings.\u00a0
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s financial instruments carrying a rate of interest\nat the reporting date are disclosed in the notes\nto the financial statements.\u00a0
\n\u00a0
\nSensitivity\nanalysis
\n\u00a0
\nThe Group has used a\nsensitivity analysis technique that measures the change in cash\nflows of the Group\u2019s bank borrowings, net of cash at bank and\non hand, and derivative financial instruments at the end of the\nreporting period for hypothetical changes in the relevant market\nrisk variables.\u00a0 The sensitivity due to changes in the\nrelevant risk variables is set out below.
\n\u00a0
\nThe amounts generated\nfrom the sensitivity analysis are forward-looking estimates of\nmarket risk assuming certain market conditions.\u00a0 Actual\nresults in the future may differ materially from those projected\nresults due to the inherent uncertainty of global financial\nmarkets.\u00a0 The sensitivity analysis is for illustrative\npurposes only, as in practice market rates rarely change in\nisolation and are likely to be interdependent.\u00a0
\n\u00a0
\nThe estimated change in\ncash flows for changes in market interest rates are based on an\ninstantaneous increase or decrease of 50\nbasis points at the end of the reporting period, with all other\nvariables remaining constant.\u00a0
\n\u00a0
\nThe sensitivity of the\nrelevant risk variables is as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n Profit or loss\nsensitivity \n | \n\n \u00a0 \n | \n\n Profit or loss\nsensitivity \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Market interest\nrates \n | \n\n \u00a0+/-\n68k \n | \n\n \u00a0+/-\n26k \n | \n\n \u00a0 \n | \n\n \u00a0+/-\n19k \n | \n\n \u00a0+/- 9k \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe sensitivity on\nprofit or loss in respect of market interest rates for the Group is\nmainly attributable to cash and cash equivalents, bank borrowings\nand derivative financial instruments.\u00a0 The sensitivity on\nprofit or loss in respect of market interest rates for the Holding\nCompany is attributable only to cash and cash\nequivalents.
\n\u00a0
\nLiquidity risk
\n\u00a0
\nThe Group and the\nHolding Company monitor and manage their risk to a shortage of\nfunds by maintaining sufficient cash, by matching the maturity of\nboth their financial assets and financial liabilities and by\nmonitoring the availability of raising funds to meet financial\nobligations.\u00a0
\n\u00a0
\nFunds are transferred\nwithin the Group as and when the need arises.\u00a0 Management\nmonitors liquidity risk by means of cash flow forecasts on the\nbasis of expected cash flows over a twelve-month period, which is\nadjusted monthly and monitored on a weekly basis, to ensure that\nany additional financing requirements are addressed in a timely\nmanner.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company are exposed to liquidity risk in relation to\nmeeting the future obligations associated with their financial\nliabilities, which comprise principally trade and other payables,\nother financial liabilities, lease liabilities and interest-bearing\nborrowings (refer to notes 22, 23, 24, 25 and 26).\u00a0 Prudent\nliquidity risk management includes maintaining sufficient cash and\ncommitted credit lines to ensure the availability of an adequate\namount of funding to meet the Holding Company\u2019s and\nGroup\u2019s obligations.
\n\u00a0
\nAt the end of the\nreporting period, the Group reported a net current liability\nposition of Eur101,803,333 ( 2024 \u2013\nEur45,715,770).\u00a0 In 2019, the Group first time adopted\nIFRS16 Leases.\u00a0 The Standard required the Group to\nrecognise leases on the statement of financial position which will\nreflect the right-of-use asset for a period of time and the\nassociated liability for payments.\u00a0 Right-of-use assets and\nnon-current lease liabilities did not impact the net current\nposition of the Group.\u00a0 However, the current lease liabilities\nnegatively impacted the net current position of the Group by\nE ur13,686,019 (2024 \u2013 E\nur 12,475,782\n).\u00a0 In 2023,\nthe Group first-time adopted Customer Loyalty Program\nprovisions in line with IFRS 15 Revenue Recognition .\n\u00a0 This also impacted current accrual provisions by\nEur2,577,787 (2024 - Eur2,344,962).\u00a0 In 2025,\nthe net current liability position of the group has further\nincreased due to the reclassification of the debt securities in\nissue amounting to Eur64,914,147 to current liabilities.\nDebt securities in issue are redeemable on 23 November 2026 (Note\n26).
\n\u00a0
\nThe Group continued to\nfinance capital expenditure from working capital.\u00a0 In 2025,\nthe Group has invested a total of Eur33,430,760 (2024\n\u2013 Eur39,733,462 ) in property, plant and\nequipment.\u00a0
\n\u00a0
\nAs detailed in note 24,\nthe Group continued to leverage by means of bank loans which at the\nend of the reporting period amounted to Eur\n36,107,763 (2024\n\u2013 Eur37,528,796 ).\u00a0 These include new financing\ngranted during the year to Romania operations of\nEur11,590,000 (2024 \u2013 Eur12,000,000 ).\u00a0\nThe Holding Company also utilised an overdraft facility amounting\nto Eur3,702,618 ( 2024 - Eur 1,843,671).
\n\u00a0
\nThe Holding Company has\na portfolio of foreign investments with a carrying amount of\nEur19,304,902 (2024 - Eur17,195,882 ) . The\nintention of the Group is to maximise return on headroom until the\nneed to deploy on capital or recurring expenditure.
\n\u00a0
\nThe directors have\nreviewed cash flow projections that have been prepared for the next\n12 months.\u00a0 The Group budgets and cash flow forecasts assume\nthat the Group continues to operate within its current credit\nlimits afforded by third party creditors and also a strategy to\ncontinue to invest in capital expenditure as far as possible from\nworking capital for at least the next 12 months.\u00a0 Based on\ncontinued operating profitability, the directors are confident that\nthe Group will have no difficulty to continue to meet its\ncommitments as and when they fall due.\u00a0
\n\u00a0
\nThe following maturity\nanalysis for financial liabilities shows the remaining contractual\nmaturities using the contractual undiscounted cash flows on the\nbasis of the earliest date on which the Group can be required to\npay.\u00a0 The analysis includes both interest and principal cash\nflows.\u00a0
\n\u00a0
\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n On\ndemand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0or\nwithin \n | \n\n Within \n | \n\n After \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 1\nyear \n | \n\n \u00a02\u00a0 - 5\nyears \n | \n\n \u00a05\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n 78,938,572 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 78,938,572 \n | \n
| \n Variable rate\ninstruments \n | \n\n 11,829,345 \n | \n\n 29,212,067 \n | \n\n \u00a0\n1,959,675 \n | \n\n 43,001,087 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 67,203,634 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 67,203,634 \n | \n
| \n \u00a0 \n | \n\n 157,971,551 \n | \n\n 29,212,067 \n | \n\n \u00a0\n1,959,675 \n | \n\n 189,143,293 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n 83,097,826 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 83,097,826 \n | \n
| \n Variable rate\ninstruments \n | \n\n 16,307,904 \n | \n\n 25,716,726 \n | \n\n 834,395 \n | \n\n 42,859,025 \n | \n
| \n Fixed rate\ninstruments \n | \n\n \u00a0\n2,437,500 \n | \n\n 67,183,733 \n | \n\n \u00a0- \n | \n\n 69,621,233 \n | \n
| \n \u00a0 \n | \n\n 101,843,230 \n | \n\n 92,900,459 \n | \n\n 834,395 \n | \n\n 195,578,084 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n On\ndemand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0or\nwithin \n | \n\n Within \n | \n\n After \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 1\nyear \n | \n\n \u00a02\u00a0 - 5\nyears \n | \n\n \u00a05\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n \u00a0\n2,934,287 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n2,934,287 \n | \n
| \n Variable rate\ninstruments \n | \n\n \u00a0\n3,702,618 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n3,702,618 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 70,599,884 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 70,599,884 \n | \n
| \n \u00a0 \n | \n\n 77,236,789 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 77,236,789 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n 2,970,442 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 2,970,442 \n | \n
| \n Variable rate\ninstruments \n | \n\n 1,843,671 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 1,843,671 \n | \n
| \n Fixed rate\ninstruments \n | \n\n \u00a012,480,011 \n | \n\n \u00a067,183,733 \n | \n\n \u00a0- \n | \n\n \u00a079,663,744 \n | \n
| \n \u00a0 \n | \n\n \u00a017,294,124 \n | \n\n \u00a067,183,733 \n | \n\n \u00a0- \n | \n\n \u00a084,477,857 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe table below details\nchanges in the Group and the Holding Company\u2019s liabilities\narising from financing activities, including both cash and non-cash\nchanges.\u00a0 Liabilities arising from financing activities\nare those for which cash flows were, or future\ncash flows will be, classified in the Statement of Cash Flows as\ncash flows from financing activities.\u00a0
\n\u00a0
\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0Opening\nbalance as at 01.01.2025 \n | \n\n Cash\nflows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as\nat 31.12.2025 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign\nexchange movements \n | \n\n \u00a0Assignment of\ndebts \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,820,488 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,659 \n | \n\n \u00a0\n64,914,147 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n159,760,458 \n | \n\n \u00a0\n(18,263,074) \n | \n\n \u00a0\n(3,693,895) \n | \n\n - \n | \n\n \u00a0\n40,275,569 \n | \n\n \u00a0\n178,079,058 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0\n37,528,796 \n | \n\n \u00a0\n(1,455,274) \n | \n\n \u00a034,241 \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n36,107,763 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a019,592 \n | \n\n \u00a017,656 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a037,248 \n | \n
| \n Amounts due to related\nparties \n | \n\n \u00a0\n239,698 \n | \n\n \u00a025,990 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n265,688 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Opening balance\nas at 01.01.2024 \n | \n\n Cash flows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as at\n31.12.2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign exchange\nmovements \n | \n\n \u00a0Assignment of\ndebts \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,726,830 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,658 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n147,865,268 \n | \n\n \u00a0\n(18,579,835) \n | \n\n 6,341 \n | \n\n - \n | \n\n \u00a0\n30,468,684 \n | \n\n \u00a0\n159,760,458 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0\n27,768,650 \n | \n\n \u00a09,759,396 \n | \n\n \u00a0750 \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n37,528,796 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0\n290,300 \n | \n\n \u00a0\n(270,708) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a019,592 \n | \n
| \n Amounts due to related\nparties \n | \n\n \u00a0\n192,531 \n | \n\n \u00a047,167 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n239,698 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0Opening\nbalance as at 01.01.2025 \n | \n\n Cash\nflows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as\nat 31.12.2025 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign\nexchange movements \n | \n\n \u00a0Set-off of\nbalances \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,820,488 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,659 \n | \n\n \u00a0\n64,914,147 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n336,648 \n | \n\n \u00a0\n(76,708) \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a082,533 \n | \n\n \u00a0\n342,473 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a019,592 \n | \n\n \u00a017,232 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a036,824 \n | \n
| \n Amounts due to related\nparties \n | \n\n 1,771 \n | \n\n \u00a0349 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 2,120 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0\n11,399,988 \n | \n\n \u00a0\n185,463 \n | \n\n - \n | \n\n \u00a0\n(7,941,584) \n | \n\n \u00a0\n271,191 \n | \n\n \u00a03,915,058 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Opening balance\nas at 01.01.2024 \n | \n\n Cash flows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as at\n31.12.2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign exchange\nmovements \n | \n\n \u00a0Assignment of\ndebts \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,726,830 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,658 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n323,790 \n | \n\n \u00a0\n(72,818) \n | \n\n - \n | \n\n - \n | \n\n \u00a085,676 \n | \n\n \u00a0\n336,648 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0\n290,300 \n | \n\n \u00a0\n(270,708) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a019,592 \n | \n
| \n Amounts due to related\nparties \n | \n\n 6,715 \n | \n\n \u00a0(4,944) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 1,771 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0\n10,957,582 \n | \n\n 2,746 \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n439,660 \n | \n\n \u00a0\n11,399,988 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nDerivative\nfinancial instruments
\n\u00a0
\nThe Group does not use derivative financial instruments for\nspeculative purposes.\u00a0
\n\u00a0
\nThe Group uses interest\nrate swaps to convert a proportion of its floating rate debt to\nfixed rates.\u00a0
\n\u00a0
\nDuring the year under\nreview and during the prior year, the Holding Company did not\ndesignate any of its derivative financial instruments in a hedging\nrelationship for accounting purposes.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "tbqHYhBeng": { "value": "Credit\nrisk
\n\u00a0
\nFinancial assets which\npotentially subject the Group to concentrations of credit risk,\nconsist principally of trade receivables, loans and receivables,\ndebt securities held, financial assets at fair value through other\ncomprehensive income and cash at bank.\u00a0 Trade receivables and\nloan and receivables are presented net of an allowance for doubtful\ndebts.\u00a0 An allowance for doubtful debts is made where there is\nan identified loss event which, based on previous experience, is\nevidence of a reduction in the recoverability of the cash\nflows.\u00a0 Cash at bank are placed with reliable financial\ninstitutions with a credit rating of A+ - BBB+ at year end (2024\n\u2013 AA- - BBB+).
\n\u00a0
\nCredit risk with respect\nto trade receivables is limited due to the nature of the\nGroup\u2019s operations.\u00a0 Loans and receivables comprise\namounts due from related parties.\u00a0 The Group\u2019s and the\nHolding Company\u2019s concentration to credit risk arising from\nthese receivables are considered limited as there were no\nindications that these counterparties are unable to meet their\nobligations.\u00a0 Management considers these to be of good credit\nquality.\u00a0 Management does not consider loans and receivables\nto have deteriorated in credit quality and the effect of\nmanagement\u2019s estimate of the 12-month credit loss has been\ndetermined to be insignificant to the results of the Group and\nHolding Company.\u00a0
\n\u00a0
\nThe carrying amount of\nfinancial assets recorded in the financial statements, which is net\nof impairment losses, represents the\nGroup\u2019s maximum exposure to credit risk without taking\naccount of the value of any collateral obtained.\u00a0 Any\nguarantees are disclosed in note 34.\u00a0
\n\u00a0
\nQuoted investments are\nacquired after assessing the quality of the related\ninvestments.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "P0b1M-RP-O": { "value": "Currency\nrisk
\n\u00a0
\nForeign currency\ntransactions arise when the Group buys or sells goods or services\nwhose price is denominated in foreign currency, borrows or lends\nfunds when the amounts payable or receivable are denominated in a\nforeign currency or acquires or disposes of assets, or incurs or\nsettles liabilities, denominated in foreign currency.
\n\u00a0
\nThe risk arising from\nforeign currency transactions is managed by regular monitoring of\nthe relevant exchange rates and management\u2019s reaction to\nmaterial movements thereto.
\n\u00a0
\nThe functional currency\nof all the subsidiaries, except the Romanian entities, was the Euro\nboth in the current year and in the prior year.\u00a0 Furthermore,\nthe translation of the Romania entity, which has the Romanian Lei\nas its functional currency is recognised in\nthe Group\u2019s other comprehensive income in accordance with the\nGroup\u2019s accounting policies.\u00a0
", "dimensions": { "concept": "premiercapital:DisclosureOfCurrencyRiskExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "kfwQYKqD7B": { "value": "Interest rate\nrisk
\n\u00a0
\nThe Group has taken out\nbank borrowings and debt securities to finance its operations as\ndisclosed in notes 24 and 26.\u00a0 The interest rates thereon and\nthe terms of such borrowings are disclosed accordingly.\u00a0 The\neffective interest rate on loans and receivables, other financial\nliabilities, bank borrowings, debt securities in issue and cash at\nbank are disclosed in notes 18, 23, 24, 26 and 29\nrespectively.\u00a0
\n\u00a0
\nThe Group is exposed to\ncash flow interest rate risk on borrowings and debt instruments\ncarrying a floating interest rate and to fair value interest rate\nrisk on borrowings and debt instruments carrying a fixed interest\nrate to the extent that these are measured at fair value.\u00a0\nInvestments in equity instruments are not exposed to interest rate\nrisk.\u00a0
\n\u00a0
\nManagement monitors the\nmovement in interest rates and, where possible, reacts to material\nmovements in such rates by adjusting its selling prices or by\nrestructuring its financing structure.\u00a0 The Group entered into\ninterest rate swaps to hedge its exposure arising from floating\ninterest rates on certain bank borrowings.\u00a0
\n\u00a0
\nThe carrying amounts of\nthe Group\u2019s financial instruments carrying a rate of interest\nat the reporting date are disclosed in the notes\nto the financial statements.\u00a0
\n\u00a0
\nSensitivity\nanalysis
\n\u00a0
\nThe Group has used a\nsensitivity analysis technique that measures the change in cash\nflows of the Group\u2019s bank borrowings, net of cash at bank and\non hand, and derivative financial instruments at the end of the\nreporting period for hypothetical changes in the relevant market\nrisk variables.\u00a0 The sensitivity due to changes in the\nrelevant risk variables is set out below.
\n\u00a0
\nThe amounts generated\nfrom the sensitivity analysis are forward-looking estimates of\nmarket risk assuming certain market conditions.\u00a0 Actual\nresults in the future may differ materially from those projected\nresults due to the inherent uncertainty of global financial\nmarkets.\u00a0 The sensitivity analysis is for illustrative\npurposes only, as in practice market rates rarely change in\nisolation and are likely to be interdependent.\u00a0
\n\u00a0
\nThe estimated change in\ncash flows for changes in market interest rates are based on an\ninstantaneous increase or decrease of 50\nbasis points at the end of the reporting period, with all other\nvariables remaining constant.\u00a0
\n\u00a0
\nThe sensitivity of the\nrelevant risk variables is as follows:
\n\u00a0
\n| \n \u00a0 \n | \n\n Group \n | \n\n \u00a0 \n | \n\n Holding\nCompany \n | \n||
| \n \u00a0 \n | \n\n Profit or loss\nsensitivity \n | \n\n \u00a0 \n | \n\n Profit or loss\nsensitivity \n | \n||
| \n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n\n \u00a0 \n | \n\n 2025 \n | \n\n 2024 \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Market interest\nrates \n | \n\n \u00a0+/-\n68k \n | \n\n \u00a0+/-\n26k \n | \n\n \u00a0 \n | \n\n \u00a0+/-\n19k \n | \n\n \u00a0+/- 9k \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe sensitivity on\nprofit or loss in respect of market interest rates for the Group is\nmainly attributable to cash and cash equivalents, bank borrowings\nand derivative financial instruments.\u00a0 The sensitivity on\nprofit or loss in respect of market interest rates for the Holding\nCompany is attributable only to cash and cash\nequivalents.
", "dimensions": { "concept": "premiercapital:DisclosureOfInterestRateRiskExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "EW3vHFV56B": { "value": "Liquidity risk
\n\u00a0
\nThe Group and the\nHolding Company monitor and manage their risk to a shortage of\nfunds by maintaining sufficient cash, by matching the maturity of\nboth their financial assets and financial liabilities and by\nmonitoring the availability of raising funds to meet financial\nobligations.\u00a0
\n\u00a0
\nFunds are transferred\nwithin the Group as and when the need arises.\u00a0 Management\nmonitors liquidity risk by means of cash flow forecasts on the\nbasis of expected cash flows over a twelve-month period, which is\nadjusted monthly and monitored on a weekly basis, to ensure that\nany additional financing requirements are addressed in a timely\nmanner.\u00a0
\n\u00a0
\nThe Group and the\nHolding Company are exposed to liquidity risk in relation to\nmeeting the future obligations associated with their financial\nliabilities, which comprise principally trade and other payables,\nother financial liabilities, lease liabilities and interest-bearing\nborrowings (refer to notes 22, 23, 24, 25 and 26).\u00a0 Prudent\nliquidity risk management includes maintaining sufficient cash and\ncommitted credit lines to ensure the availability of an adequate\namount of funding to meet the Holding Company\u2019s and\nGroup\u2019s obligations.
\n\u00a0
\nAt the end of the\nreporting period, the Group reported a net current liability\nposition of Eur101,803,333 ( 2024 \u2013\nEur45,715,770).\u00a0 In 2019, the Group first time adopted\nIFRS16 Leases.\u00a0 The Standard required the Group to\nrecognise leases on the statement of financial position which will\nreflect the right-of-use asset for a period of time and the\nassociated liability for payments.\u00a0 Right-of-use assets and\nnon-current lease liabilities did not impact the net current\nposition of the Group.\u00a0 However, the current lease liabilities\nnegatively impacted the net current position of the Group by\nE ur13,686,019 (2024 \u2013 E\nur 12,475,782\n).\u00a0 In 2023,\nthe Group first-time adopted Customer Loyalty Program\nprovisions in line with IFRS 15 Revenue Recognition .\n\u00a0 This also impacted current accrual provisions by\nEur2,577,787 (2024 - Eur2,344,962).\u00a0 In 2025,\nthe net current liability position of the group has further\nincreased due to the reclassification of the debt securities in\nissue amounting to Eur64,914,147 to current liabilities.\nDebt securities in issue are redeemable on 23 November 2026 (Note\n26).
\n\u00a0
\nThe Group continued to\nfinance capital expenditure from working capital.\u00a0 In 2025,\nthe Group has invested a total of Eur33,430,760 (2024\n\u2013 Eur39,733,462 ) in property, plant and\nequipment.\u00a0
\n\u00a0
\nAs detailed in note 24,\nthe Group continued to leverage by means of bank loans which at the\nend of the reporting period amounted to Eur\n36,107,763 (2024\n\u2013 Eur37,528,796 ).\u00a0 These include new financing\ngranted during the year to Romania operations of\nEur11,590,000 (2024 \u2013 Eur12,000,000 ).\u00a0\nThe Holding Company also utilised an overdraft facility amounting\nto Eur3,702,618 ( 2024 - Eur 1,843,671).
\n\u00a0
\nThe Holding Company has\na portfolio of foreign investments with a carrying amount of\nEur19,304,902 (2024 - Eur17,195,882 ) . The\nintention of the Group is to maximise return on headroom until the\nneed to deploy on capital or recurring expenditure.
\n\u00a0
\nThe directors have\nreviewed cash flow projections that have been prepared for the next\n12 months.\u00a0 The Group budgets and cash flow forecasts assume\nthat the Group continues to operate within its current credit\nlimits afforded by third party creditors and also a strategy to\ncontinue to invest in capital expenditure as far as possible from\nworking capital for at least the next 12 months.\u00a0 Based on\ncontinued operating profitability, the directors are confident that\nthe Group will have no difficulty to continue to meet its\ncommitments as and when they fall due.\u00a0
\n\u00a0
\nThe following maturity\nanalysis for financial liabilities shows the remaining contractual\nmaturities using the contractual undiscounted cash flows on the\nbasis of the earliest date on which the Group can be required to\npay.\u00a0 The analysis includes both interest and principal cash\nflows.\u00a0
\n\u00a0
\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n On\ndemand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0or\nwithin \n | \n\n Within \n | \n\n After \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 1\nyear \n | \n\n \u00a02\u00a0 - 5\nyears \n | \n\n \u00a05\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n 78,938,572 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 78,938,572 \n | \n
| \n Variable rate\ninstruments \n | \n\n 11,829,345 \n | \n\n 29,212,067 \n | \n\n \u00a0\n1,959,675 \n | \n\n 43,001,087 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 67,203,634 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 67,203,634 \n | \n
| \n \u00a0 \n | \n\n 157,971,551 \n | \n\n 29,212,067 \n | \n\n \u00a0\n1,959,675 \n | \n\n 189,143,293 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n 83,097,826 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 83,097,826 \n | \n
| \n Variable rate\ninstruments \n | \n\n 16,307,904 \n | \n\n 25,716,726 \n | \n\n 834,395 \n | \n\n 42,859,025 \n | \n
| \n Fixed rate\ninstruments \n | \n\n \u00a0\n2,437,500 \n | \n\n 67,183,733 \n | \n\n \u00a0- \n | \n\n 69,621,233 \n | \n
| \n \u00a0 \n | \n\n 101,843,230 \n | \n\n 92,900,459 \n | \n\n 834,395 \n | \n\n 195,578,084 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n On\ndemand \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0or\nwithin \n | \n\n Within \n | \n\n After \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n 1\nyear \n | \n\n \u00a02\u00a0 - 5\nyears \n | \n\n \u00a05\nyears \n | \n\n Total \n | \n
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n 2025 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n \u00a0\n2,934,287 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n2,934,287 \n | \n
| \n Variable rate\ninstruments \n | \n\n \u00a0\n3,702,618 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n \u00a0\n3,702,618 \n | \n
| \n Fixed rate\ninstruments \n | \n\n 70,599,884 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 70,599,884 \n | \n
| \n \u00a0 \n | \n\n 77,236,789 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 77,236,789 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n 2024 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-derivative \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n financial liabilities \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Non-interest\nbearing \n | \n\n 2,970,442 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 2,970,442 \n | \n
| \n Variable rate\ninstruments \n | \n\n 1,843,671 \n | \n\n \u00a0- \n | \n\n \u00a0- \n | \n\n 1,843,671 \n | \n
| \n Fixed rate\ninstruments \n | \n\n \u00a012,480,011 \n | \n\n \u00a067,183,733 \n | \n\n \u00a0- \n | \n\n \u00a079,663,744 \n | \n
| \n \u00a0 \n | \n\n \u00a017,294,124 \n | \n\n \u00a067,183,733 \n | \n\n \u00a0- \n | \n\n \u00a084,477,857 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nThe table below details\nchanges in the Group and the Holding Company\u2019s liabilities\narising from financing activities, including both cash and non-cash\nchanges.\u00a0 Liabilities arising from financing activities\nare those for which cash flows were, or future\ncash flows will be, classified in the Statement of Cash Flows as\ncash flows from financing activities.\u00a0
\n\u00a0
\nGroup
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0Opening\nbalance as at 01.01.2025 \n | \n\n Cash\nflows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as\nat 31.12.2025 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign\nexchange movements \n | \n\n \u00a0Assignment of\ndebts \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,820,488 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,659 \n | \n\n \u00a0\n64,914,147 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n159,760,458 \n | \n\n \u00a0\n(18,263,074) \n | \n\n \u00a0\n(3,693,895) \n | \n\n - \n | \n\n \u00a0\n40,275,569 \n | \n\n \u00a0\n178,079,058 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0\n37,528,796 \n | \n\n \u00a0\n(1,455,274) \n | \n\n \u00a034,241 \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n36,107,763 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a019,592 \n | \n\n \u00a017,656 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a037,248 \n | \n
| \n Amounts due to related\nparties \n | \n\n \u00a0\n239,698 \n | \n\n \u00a025,990 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n265,688 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Opening balance\nas at 01.01.2024 \n | \n\n Cash flows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as at\n31.12.2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign exchange\nmovements \n | \n\n \u00a0Assignment of\ndebts \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,726,830 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,658 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n147,865,268 \n | \n\n \u00a0\n(18,579,835) \n | \n\n 6,341 \n | \n\n - \n | \n\n \u00a0\n30,468,684 \n | \n\n \u00a0\n159,760,458 \n | \n
| \n Bank\nborrowings \n | \n\n \u00a0\n27,768,650 \n | \n\n \u00a09,759,396 \n | \n\n \u00a0750 \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n37,528,796 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0\n290,300 \n | \n\n \u00a0\n(270,708) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a019,592 \n | \n
| \n Amounts due to related\nparties \n | \n\n \u00a0\n192,531 \n | \n\n \u00a047,167 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n239,698 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nHolding\nCompany
\n\u00a0
\n| \n \u00a0 \n | \n\n \u00a0Opening\nbalance as at 01.01.2025 \n | \n\n Cash\nflows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as\nat 31.12.2025 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign\nexchange movements \n | \n\n \u00a0Set-off of\nbalances \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,820,488 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,659 \n | \n\n \u00a0\n64,914,147 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n336,648 \n | \n\n \u00a0\n(76,708) \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a082,533 \n | \n\n \u00a0\n342,473 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a019,592 \n | \n\n \u00a017,232 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a036,824 \n | \n
| \n Amounts due to related\nparties \n | \n\n 1,771 \n | \n\n \u00a0349 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 2,120 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0\n11,399,988 \n | \n\n \u00a0\n185,463 \n | \n\n - \n | \n\n \u00a0\n(7,941,584) \n | \n\n \u00a0\n271,191 \n | \n\n \u00a03,915,058 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n \u00a0 \n | \n\n \u00a0Opening balance\nas at 01.01.2024 \n | \n\n Cash flows \n | \n\n \u00a0Non-cash\nchanges \n | \n\n Closing balance as at\n31.12.2024 \n | \n||
| \n \u00a0 \n | \n\n \u00a0Foreign exchange\nmovements \n | \n\n \u00a0Assignment of\ndebts \n | \n\n \u00a0Other\nchanges \n | \n|||
| \n \u00a0 \n | \n\n \u00a0Eur \n | \n\n \u00a0Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n Eur \n | \n\n \u00a0Eur \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
| \n Debt securities in\nissue \n | \n\n \u00a0\n64,726,830 \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a093,658 \n | \n\n \u00a0\n64,820,488 \n | \n
| \n Lease\nliabilities \n | \n\n \u00a0\n323,790 \n | \n\n \u00a0\n(72,818) \n | \n\n - \n | \n\n - \n | \n\n \u00a085,676 \n | \n\n \u00a0\n336,648 \n | \n
| \n Amounts due to ultimate\nparent \n | \n\n \u00a0\n290,300 \n | \n\n \u00a0\n(270,708) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n \u00a019,592 \n | \n
| \n Amounts due to related\nparties \n | \n\n 6,715 \n | \n\n \u00a0(4,944) \n | \n\n - \n | \n\n - \n | \n\n - \n | \n\n 1,771 \n | \n
| \n Amounts due to\nsubsidiaries \n | \n\n \u00a0\n10,957,582 \n | \n\n 2,746 \n | \n\n - \n | \n\n - \n | \n\n \u00a0\n439,660 \n | \n\n \u00a0\n11,399,988 \n | \n
| \n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n\n \u00a0 \n | \n
\u00a0
\nDerivative\nfinancial instruments
\n\u00a0
\nThe Group does not use derivative financial instruments for\nspeculative purposes.\u00a0
\n\u00a0
\nThe Group uses interest\nrate swaps to convert a proportion of its floating rate debt to\nfixed rates.\u00a0
\n\u00a0
\nDuring the year under\nreview and during the prior year, the Holding Company did not\ndesignate any of its derivative financial instruments in a hedging\nrelationship for accounting purposes.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "qOLfVPWPju": { "value": "Derivative\nfinancial instruments
\n\u00a0
\nThe Group does not use derivative financial instruments for\nspeculative purposes.\u00a0
\n\u00a0
\nThe Group uses interest\nrate swaps to convert a proportion of its floating rate debt to\nfixed rates.\u00a0
\n\u00a0
\nDuring the year under\nreview and during the prior year, the Holding Company did not\ndesignate any of its derivative financial instruments in a hedging\nrelationship for accounting purposes.\u00a0
", "dimensions": { "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "DjIuMSuaRd": { "value": "37.\u00a0\n\u00a0\u00a0 Capital risk management
\n\u00a0
\nThe Holding\nCompany\u2019s objectives when managing capital are to safeguard\nits ability to continue as a going concern and to maximise the\nreturn to stakeholders through the optimisation of the debt and\nequity balance.\u00a0
\n\u00a0
\nThe capital structure of\nthe Group consists of items presented within equity in the\nstatement of financial position, bank borrowings and debt\nsecurities as disclosed in notes 24 and 26 and cash and cash\nequivalents as disclosed in note 29.\u00a0
\n\u00a0
\nThe Holding\nCompany\u2019s directors manage the capital structure and make\nadjustments to it, in light of changes in economic\nconditions.\u00a0 The capital structure is reviewed on an on-going\nbasis.\u00a0 Based on recommendations of the directors, the Holding\nCompany balances its overall capital structure through payments of\ndividends (subject to bank approval when required), new share\nissues as well as the issue of new debt or the redemption of\nexisting debt.\u00a0
\n\u00a0
\nThe Group\u2019s\noverall strategy remains unchanged from the prior\nyear.\u00a0
", "dimensions": { "concept": "premiercapital:DisclosureOfCapitalRiskManagementExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } }, "qaqUazSiHJ": { "value": "38.\u00a0\n\u00a0\u00a0 Events after reporting period
\n\u00a0
\nNo adjusting or\nsignificant non-adjusting events have occurred between 31 December\n2025 and the date of authorisation.
", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:635400HEVTYHONROBR24", "period": "2025-01-01T00:00:00/2026-01-01T00:00:00" } } } }